Made in a series of places

What fraction of your good was made in China when the label says “Made in China”? From the FRB-SF: Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of Chinese imports. The rest went to U.S. businesses and workers transporting, […]

Made in a series of places

John McCain got in trouble in some circles for saying that the iPhone is “built in the USA.” Leo Gerard corrected him by saying “the iPad and the iPhone are made in China, they’re not made in America.” In a world of vertical specialization, what does “made in” mean? The product itself is pretty clear […]

“Made in the world”

In line with my suggestion that labels simply say “made in a series of places”, the WTO has announced a “Made in the world” initiative. It aims “to support the exchange of projects, experiences and practical approaches in measuring and analysing trade in value added.” “Made in the world” should be a valuable initiative, at […]

"Made in the world"

In line with my suggestion that labels simply say “made in a series of places”, the WTO has announced a “Made in the world” initiative. It aims “to support the exchange of projects, experiences and practical approaches in measuring and analysing trade in value added.” “Made in the world” should be a valuable initiative, at […]