Whac-A-Mole: Markets Can Rise and Fall Alternatively

摘要

Areview of the European and Balkan markets confirms a kind of push down/pop up game (Whac-a-Mole) going on for world trade in cigarettes. For starters, the value for U.S. cigarette exports, which peaked during 1996 at about US $4.7B, declined sharply to only about US $320M by 2013. This reduction in US cigarette exports from 1996-2013 represented US $4.4B and was a result of a shift by multi-nationals to a focus on more output from factories in Europe and less output in North Carolina. During these early years, joining the European Union also conveyed impressive gains for eco-nomic performance for new members according to facts provided by the countries and OECD (Organization for Cooperation and Development).