World Perspectives

More BRICS, Same Problems

The BRICS Group, a club of nations with the goal of tilting the international order away from the West, has invited six countries to join and make it an unhappy family of eleven. We previously noted the shortcomings of the original BRICS and the new cousins have similar genetic defects:  Argentina: Has been fiscally irresponsible and so focused on redistribution that it overlooked the importance of productivity gains. Egypt: Perennial autocratic military regime with corruption and other misdeeds keeping a third of the population in adject poverty.  Ethiopia: Domestic violence so concerning that the U.S. is providing temporary protected status for its refugees. Food is a problem too. Iran: A theocratic regime that operates outs...

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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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