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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    Employee Holidays

    Dec 21, 11 • 429 Views • No Comments

    Just some facts today on who gets the most paid time off. According to the Economist, looking at a combination of public holidays and annual leave days for which workers have to be paid, Austria, Greece and France are at the top of the list while Canada,......  [read more]

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    China’s Nine Nations

    Dec 17, 11 • 2245 Views • No Comments

    With this map of China, less is more. Called “The Nine Nations of China,” it resembles a simple color-coded jigsaw puzzle.  Each of the 9 areas has a label that concisely states size, population, per capita GDP and the balance......  [read more]

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    Corn Counters

    Dec 6, 11 • 534 Views • No Comments

    To estimate the size of the corn crop, the U.S. Department of Agriculture (USDA) hires corn counters. Calculating stalk stats and assessing cob size, they observe 15 foot sections in thousands of fields. Add to that weather predictions, yield trends, and......  [read more]

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    Jell-O, Gillette, and the Kindle Fire

    Dec 4, 11 • 437 Views • No Comments

    At first no one wanted to buy Jell-O. The year was 1902, the product was jiggly, and people had no idea how to serve it. Then, its producers went door-to-door with free cookbooks. And the rest of the story is history. By contrast, from the start, King......  [read more]

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    The Rent-A-Ship Market

    Dec 1, 11 • 481 Views • No Comments

    Knowing the price to rent a Handysize can come in handy if you want to measure economic activity. A Handysize is a small cargo ship. The very biggest vessels, called Capes because of the routes they have to take, are so huge that they cannot fit through the......  [read more]