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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    India’s Planning Problems

    Jun 25, 12 • 1081 Views • No Comments

    India has a jute shortage that will affect a lot more than bags. Our story began decades ago with India’s “license raj,” a bureaucratic reign (raj) that followed the British colonial raj. What to produce, who to hire, how much to pay, when......  [read more]

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    Should We Buy Local?

    Jun 21, 12 • 566 Views • No Comments

    I just finished an omelette with eggs and spinach from a nearby farm. It tasted good, I supported local business and I helped the environment. You could say that I had my cake (but it was spinach) and ate it too. But, here is the surprise. If you care about......  [read more]

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    High and Low Notes in Panama

    Jun 19, 12 • 488 Views • No Comments

    By Mira Korber, guest blogger. As the Panama City skyline emerged from my misty Wednesday morning flight window, I must say the view was impressive. A snaking coast boasts skyscraper after skyscraper, each seeming to outdo the previous in height and marvels......  [read more]

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    Tricky Oil Questions

    Jun 17, 12 • 533 Views • No Comments

    1. Asked to list the world’s biggest oil consumers, most of us would be correct if we started with the US and China. With the US at 20.5% and China, 11.4% for 2011, we are almost at one-third of world consumption. 2. But then, it gets a bit tricky.......  [read more]

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    Affordable (Cambodian) Health Care

    Jun 16, 12 • 470 Views • No Comments

    A village in Cambodia had problems with affordable health care but they found a solution. Traditionally,  if someone got sick, the gods had to be appeased with an offering that might include a buffalo, a cow, some bananas, incense, rice wine, a chicken. It......  [read more]