World Perspectives

Veiled Ambitions

In Chinese, the saying fifty steps laughs at one hundred steps is equivalent to the English version of the pot calling the kettle black. That should be the reaction to Chinese Vice President Wang Qishan’s comments at this week’s Bloomberg New Economy Forum. Wang said that, “Countries must rise above exclusive blocs and reject the zero-sum mentality.” This is right after China joined the exclusive trading block called the Regional Comprehensive Economic Partnership. He also pronounced that, “We should build an open world economy that works for all. We must firmly safeguard the multilateral trading system under the WTO and unequivocally reject unilateralism and protectionism.” Yet it is China that ranks 115...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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