New York Times (June 23)
“First pineapples, now fish.” China is flexing its “economic muscle” with import bans that “pressure Taiwan.” The pineapple industry bounced back when public support rallied domestic consumption, but “Taiwan’s lucrative grouper industry is bracing for heavy losses after China’s recent ban on imports of the fish from the island.”
Tags: China, Domestic consumption, Economic muscle, Fish, Flexing, Grouper, Import bans, Losses, Lucrative, Pineapples, Taiwan
The Economist (January 30)
Nigeria’s President Muhammadu Buhari “is repeating an economic error he made as dictator 30 years ago.” To avoid devaluation, he has instead thrown limits on imports, creating scarcity that “will be even more inflationary. A weaker currency would spur domestic production more than import bans can and, in the long run, hurt consumers less. The country needs foreign capital to finance its deficits but, under today’s policies, it will struggle to get any.”
Tags: Buhari, Capital, Consumers, Currency, Deficits, Devaluation, Dictator, Import bans, Inflationary, Nigeria, Production, Scarcity
