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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    From China to Iowa

    Mar 5, 11 • 271 Views • No Comments

    We can travel very quickly from China to Iowa. In an excellent report from The Economist on feeding the world, you can see how an increasingly affluent Chinese urban consumer affects many of us. One example connects more Chinese meat consumption to soaring...  [read more]

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    An Oil Surprise

    Feb 24, 11 • 299 Views • No Comments

    As the turmoil in the Middle East unfolds, if you want to sound knowledgeable about oil, you could just say $147, contango and floating storage. As you can see on this graph, it was mid-July, 2008, when the price of oil peaked at slightly more than $147 a...  [read more]

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    Cotton Markets

    Feb 23, 11 • 331 Views • No Comments

    On November 10, 2009, the price of 1 pound of cotton was 59.2 cents. A year later it was $1.02 and now, it is close to $1.90. For many of us, the result will be more expensive jeans, more polyester, and smaller buttons. 7 For all Mankind and North Face said...  [read more]

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    Good and Bad Capitalism

    Feb 22, 11 • 350 Views • No Comments

    If you are trying to figure out the economics of the Middle East, I recommend starting with Good Capitalism, Bad Capitalism. One of the book’s 4 different kinds of capitalism, oligarchic capitalism, provides a good “slot” for grouping most...  [read more]

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    U.S. Affluence

    Feb 16, 11 • 265 Views • No Comments

    How rich is the U.S.? Economist Branco Milanovic, in The Haves and the Have-Nots, gives us a really interesting answer. The poorest people in the U.S. are richer than most of the higher income individuals in other countries. Specifically, the poorest 5% of...  [read more]