For those of you looking for an interesting article to use when teaching gains from trade in your macro courses, look no further. Today’s edition of The Wall Street Journal has a very good piece titled “Chinese Demand Lifts U.S. Wood Sales.” The article itself is subscriber content at this writing, but you might find an ungated version if you put the title in your browser.
But even if you can’t access the article, there is value here. The video and the slideshow are open and both provide enough information to use with your classes. The video focuses on Canadian lumber and the slideshow on U.S. lumber, but the story is the same. And the reference to a export duty on Russian lumber adds even more depth to the discussion.
Take a look and share your thoughts.