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International trade

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fullscreen: International trade

Monograph

Identifikator:
1758394757
URN:
urn:nbn:de:zbw-retromon-136209
Document type:
Monograph
Author:
Taussig, Frank William http://d-nb.info/gnd/120199459
Title:
International trade
Place of publication:
New York, NY
Publisher:
Macmillan
Year of publication:
1927
Scope:
XXI, 425 Seiten
graph. Darst.
Digitisation:
2021
Collection:
Economics Books
Usage license:
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Chapter

Document type:
Monograph
Structure type:
Chapter
Title:
Part II. Problems of verification
Collection:
Economics Books

Contents

Table of contents

  • International trade
  • Title page
  • Contents
  • Part I. Theory
  • Part II. Problems of verification
  • Part III. International trade under inconvertible paper
  • Index

Full text

COMPARATIVE ADVANTAGE AND PROTECTION 185 
comparative advantage in corn growing. This grain is peculiarly 
adapted to extensive agriculture. It also lends itself readily to 
the use of machinery; corn can be “cultivated” between the 
rows by horse power. It is a substitute for root crops, and can 
be rotated steadily with small-grain crops. It is a direct com- 
petitor with the sugar-beet for cattle fattening. The advocates 
of beet raising always lay stress on the value of the beet pulp, the 
residue at the factory after the juice has been extracted, for cattle 
feeding. But corn is at least equally valuable for the purpose, 
and the typical American farmer raises it by agricultural methods 
which he finds both profitable and congenial. One man can grow 
forty acres of corn; he can plant only twenty acres of beets, and 
these he cannot possibly thin and top. In Iowa “the farmers are 
progressive, successful, and satisfied. In fact, this has been the 
main obstacle to installing the sugar industry there. The farming 
class of the state is accustomed to the use of labor-saving imple- 
ments in the fields.” This passage, taken from a publication of 
the Department of Agriculture, is one among many of similar 
tenor, all of which make propaganda for protection to beet sugar, 
and all are quite innocent of any understanding of the economic 
principles illustrated by their statement of the facts. 
In the far West, where most of the beets are grown and most of 
the beet sugar is made, other factors enter. In two respects, the 
conditions are peculiarly favorable to beet growing: the climate, 
and the special advantages of irrigation. Physical causes are pres- 
ent which serve to give, in part at least, a comparative advantage. 
The variety of the beet suitable for sugar making flourishes in a 
cool climate; but it needs plenty of sun. “Abundance of sun- 
shine is essential to the highest development of sugar in the beet. 
Other things being equal, it may be said that the richness of the 
beet will be proportional to the amount — not intensity — of the 
sunshine.” The cool region of cloudless sky in the arid west meets 
this condition perfectly. The irrigated regions of Colorado, Utah, 
[daho, Montana supply just the right combination of climate and 
moisture : cool temperature, abundant sunshine, moisture exactly 
as needed, absence of moisture when harmful. California, where
	        

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International Trade. Macmillan, 1927.
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