Developing Countries Face New Challenges

摘要

Agood friend, who I met recently in Qingdao for a cotton conference, told me the story of his "cotton adventure."Right after graduation, he was fortunate enough to be employed bya very reputable international cotton merchant. He was still in his first year when the cotton futures price went on a roller coaster ride. The whole industry was shaken and the one-time, U.S.-based cotton powerhouse was forced to sell its entire cottonoperation.My friend then decided to return to his home country, where his family has been selling cotton to international shippers for generations.