Posts

Showing posts from July, 2013

“Operation Lionfish” Highlights the Caribbean’s Comparative Advantage

Image
NACLA.org July 11, 2013 In economic textbooks the theory of comparative advantage is regarded as a fundamental cornerstone of how economies are organized. Plainly stated, comparative advantage occurs when one country (or in this case a group of countries) specialize in the production of a particular product due to the fact it can produce this product more efficiently than its competitors. Thus, with each country specializing in a particular industry or product it is assumed that all countries will become better off. This was the assumption guiding the decision by the World Trade Organization to put an end to the Caribbean’s protected trade with several European nations because it undermined the fundamental principles of free trade. With the distortions in the market eliminated by the adoption of free trade, it was assumed that the Caribbean would be able to specialize in other industries, particularly tourism and offshore banking. Due to a few fundamental errors

Revisiting the Cincinnati Enquirer vs. Chiquita

Image
NACLA.org July 4, 2013 Given the ongoing debate surrounding Edward Snowden and Bradley Manning—and whether or not they committed a crime or acted in the public good—it is fitting to revisit a case that showed how the “illegitimate” gathering of evidence was considered a more serious crime than that of engaging in widespread murder, bribery, arms trafficking, and knowingly poisoning the environment of communities throughout Latin America. It is the story of the Cincinnati Enquirer vs. Chiquita Banana. In 1998, Mike Gallagher and Cameron McWhirter, two investigative reporters from the Cincinnati Enquirer, published an 18-page expose which revealed that Chiquita banana (headquartered in Cincinnati) was engaged in wide ranging human rights abuses and environmental crimes. The journalists had worked with Chiquita lawyer George Ventura, who provided access to Chiquita’s internal voicemail system. They were able to obtain confidential information about Chiquita’s role in wid