Developing Economies

Developing economies are countries that display the earlier stages of a market system. Including China, India, the Philippines, they have fast growth rates and are helping propel the world economy. Because each one is different, econlife looks at examples of their businesses, consumers and governments.

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    Walking Matters

    Dec 5, 10 • 230 Views • No Comments

    A podcast on cities from WNYC’s Radiolab cited walking speed as a part of a city’s personality. To walk 60 feet, people averaged 10.55 seconds in Singapore,  12.37 seconds in Paris, 21 seconds in Buchanan, Liberia, and 31.60 seconds in...  [read more]

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    Uncommon Markets

    Dec 3, 10 • 193 Views • No Comments

    Bets on the Royal Wedding: Bookmakers are placing wagers on the color of the Queen’s hat, whether Kate will say “obey” in her vows, the length of the bride’s train, and total BBC viewers. People are even starting to bet on the gender...  [read more]

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    Maybe Money Makes A Nation

    Nov 30, 10 • 185 Views • No Comments

    In “Thinking About Capitalism,” economic historian Jerry Z. Muller tells us that 16th and 17th century wars were “decided by whichever government was the first to run out of money.” Astoundingly, the American colonies did not run out...  [read more]

  • Packaging can shape a buying decision.

    A Chinese Coach

    Nov 28, 10 • 213 Views • No Comments

    Coach has 41 handbag stores in China and will soon have 8 more. Coach and China though, are about a lot more than handbags. According to NY Times Magazine columnist David Leonhardt, the Chinese consumer can fuel the world economy with “the urge to...  [read more]

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    An Economic Story From Plymouth Plantation

    Nov 25, 10 • 365 Views • No Comments

    In 1623, two years after the first Thanksgiving, Governor William Bradford was worried about Plymouth’s food supply. The problem, he concluded, was that people shared whatever they produced. Because “able and fit” young men were expected to...  [read more]