Two-way Trade in the “Same” Commodity

by | Jul 20, 2018

Two-way Trade in the “Same” Commodity

by | Jul 20, 2018

Sunday, when my grocery guy Lucio came to my gate, his truck contained, along with the usual variety of produce and other foodstuffs, a box of beautiful strawberries, which I snatched up along with my other purchases. As often in the past, these berries came from Driscoll’s in Watsonville, California, where—interestingly enough—they were almost certainly harvested by Mexican and Central American workers.
Out of curiosity, I looked up more information about this firm and found it to be even more interesting and entrepreneurial than I had previously imagined. My access to this product, here at the ends of the Mexican earth, I file under the rubric Miracles of the Market.
This situation—strawberries being grown in the USA and shipped to the far reaches of Mexico—illustrates one of the often-overlooked realities of international commerce: the same product is being exported and imported by each country.
Many strawberries are grown in Mexico and shipped to the USA for sale, as every American is probably aware. But strawberries are also grown in the USA and shipped to Mexico for sale. There is no contradiction or economic anomaly here.
Read the rest at independent.org.

About Robert Higgs

Robert Higgs is Senior Fellow in Political Economy at the Independent Institute, author or editor of over fourteen Independent books, and Editor at Large of Independent’s quarterly journal The Independent Review.

Our Books

latest book lineup.

Related Articles

Related

Last Weekend, Iran Changed Everything

Last Weekend, Iran Changed Everything

On April 13, Iran responded to Israel’s attack on its embassy compound in Damascus that killed seven Iranian officers, including a very senior military official, General Mohammad Reza Zahedi, by launching over 300 drones and missiles at Israel from Iranian soil. U.S....

read more
FISA Exchanges Real Liberty for Phantom Security

FISA Exchanges Real Liberty for Phantom Security

House Speaker Mike Johnson betrayed liberty and the Constitution by making a full-court press to get a “clean” reauthorization of Section 702 of the Foreign Intelligence Surveillance (FISA) Act through the House. Section 702 authorizes warrantless surveillance of...

read more
Embracing Deflation

Embracing Deflation

In recent years, the specter of inflation has loomed large over the global economy, fueled by unprecedented monetary stimulus measures and supply chain disruptions. As prices have surged, concerns about the erosion of purchasing power and the threat of runaway...

read more
One Hundred Years of IRS Political Targeting

One Hundred Years of IRS Political Targeting

One hundred years ago, Senator James Couzens, a Michigan Republican, took to the Senate floor to denounce the Bureau of Internal Revenue for abusing its power and trampling innocent taxpayers. Couzens launched a sweeping Senate investigation of federal tax collectors....

read more