Iron and steel are used in several key industries such as construction and automobiles, making them important commodities in international trade. Being an exporter of iron and steel may be profitable for an economy. It is then interesting to identify the top 20 exporters of these commodities, profiting from the demand for these products?
Considering data for the year 2022, …
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What are the main product categories for which Haiti is the main market for export and the Dominican Republic (DR) is the main supplier? This article raises the possibility of monopsony in favor of Haiti.
Concept: A monopsony occurs when there is just one buyer in a market, giving that buyer the power to set the price on that market. It …
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How does the U.S. dollar's dominance in foreign exchange reserves compare to that of its competitors in the world's financial system? Trying to answer this question, this article provides information about the stability and faith that other economies have in the American financial system, monetary system, and general strength of the dollar. As you might expect, the core concept(s) of …
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