Posts

Showing posts with the label Fair Trade

Exceptionalism, Ignorance and Arrogance

Image
A lot of Americans believe the world needs the United States more than the United States need the world. This assumption is based on decades of American Exceptionalism, Ignorance and Arrogance engineered into most Americans from birth. The world needs every country on the planet to work together with respect and in the interest of human development.  No one is denying the United States position power on this planet, nor is anyone denying its importance to the global community. Much like the importance of the Roman Empire, French Empire and the British Empire at that time in history when they ran rampant. One also cannot deny that the United States at this moment in time in our history, is one of the riches and one of most powerful country on the planet. Much like the Roman Empire, French Empire and the British Empire historically. However, as we know, nothing in life lasts forever, empires come, and empires go, but life goes on. A country can be up today, riding high and the next ...

Jamaica Trade Deficit with the United States of America

Image
In 2023 , Jamaica imported goods worth approximately $3.13 Billion from the United States, accounting for 41% of its total imports. In 2023, Jamaica's total exports to the United States amounted to $709 Million. In 2023 Jamaica’s Balance of Trade with the USA was Negative US$2.4 billion. That is what Jamaica pumped into the US economy in 2023. For the period of January to November 2024 , Jamaica's total imports from the United States were valued at US$6.7 billion. In 2024, Jamaica's total exports to the United States were valued at $376.34 million. In 2024 Jamaica’s Balance of Trade with the USA was Negative US$6.32366 billion. That is the amount Jamaica pumped into the US economy! Jamaica consistently runs a large balance of trade deficit with the USA. But the USA still placed 10% tariff on Jamaica’s small exports to the USA. The USA is punishing Jamaica even though we send billions to the USA every year, 20% at times over 30% of our GDP! This Continued Balance of Trad...

Foreign Educated Bubble Headed Technocrats - Comparative Advantage and Free Trade

Image
One of the country’s top Economic adviser is advocating that we should do away with Food Security and open the flood gates to imports. This is what happens when we buy into the theoretical Economic Principles. We all understand the concepts and principles of Comparative Advantage and Free Trade but the devil is in the implementation. What happen to countries with too few Comparative Advantage? How do they survive or even afford imports even if it is cheaper. This leading Economic Adviser is advocating that we should not be too concern with Local Production and Food Security because protecting Local production will increase the cost of living and lower the standard of living. What he failed to realize is that without local production, we would not have local employment, unemployment would increase. Local Production increases employment and increases wealth distribution and without employment and wealth we would not have the money to even buy cheaper imports. This is why I call them...