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This leads me to two questions: Has there ever been a situation where temporary conditions in some country (like Country Y) led them to satisfying worldwide de
by padobson 9y ago
This leads me to two questions:
Has there ever been a situation where temporary conditions in some country (like Country Y) led them to satisfying worldwide demand? It seems that even in a year where foreign competition was strong, domestic producers would be able to find SOME revenue for their goods.
What would stop the industry from rebuilding the following year? Supplies have dropped as foreign production decreased, and the demand (presumably) has remained the same. The human and natural resources and infrastructure couldn't have changed all that much in the course of the year.
It seems to me that a few enterprising tulip producers would be able to recognize the 1-year aberration, find a way to weather the storm, and expand their market share the following year against reduced domestic competition.