Friday, August 14, 2015

David F. Ruccio — Only in America

This past Tuesday, officials of AM General celebrated the production of a Mercedes-Benz sport utility vehicle for export to China in a factory in Mishawaka, Indiana that once built Hummer S.U.V.s for General Motors.
Find the comparative advantage here.

But it is shades of things to come when the now developed world is making stuff chiefly for China and India and they other populous countries like Indonesia as globalization matures. That's where the volume is.

Occasional Links & Commentary
Only in America
David F. Ruccio | Professor of Economics University of Notre Dame Notre Dame

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