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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    The Missing Sensor

    Mar 29, 11 • 290 Views • 1 Comment

    According to one estimate, worldwide auto production could slide by 30% because Hitachi Automotive’s Sawa Ibaraki Prefecture plant was debilitated by Japan’s earthquake and tsunami. Hitachi Automotive makes the air flow sensors that are crucial in...  [read more]

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    The Amazing Washing Machine

    Mar 28, 11 • 287 Views • No Comments

    In one wonderful 9 minute TED talk, Swedish professor Hans Rosling connects the washing machine to empowering women, educating children and diminishing world poverty. The Economic Lesson When women are empowered, not only is the gender gap diminished but also...  [read more]

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    The Center of the Global Economy

    Mar 27, 11 • 312 Views • No Comments

    Let’s start with a dot in the Atlantic Ocean, maybe 900 miles from Morocco. Then, follow that point, as it glides eastward toward Izmir, Turkey. According to London School of Economics Professor Danny Quah, you have just seen how the world’s...  [read more]

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    Energy Policy Decisions

    Mar 21, 11 • 334 Views • No Comments

    Comparing the safety of nuclear power, oil, and coal, Slate columnist William Saletan helps us make some energy policy decisions. His focus is fatalities. In the oil supply chain, from 1969-2000, he cites 20,000 deaths. For coal, the number is 15,000...  [read more]

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    Disaster Economics

    Mar 19, 11 • 318 Views • No Comments

    Assume an economy has been steadily growing. Then a natural disaster strikes, maybe a hurricane, an earthquake, or a tsunami. How is growth affected? While conclusions differ slightly, the consensus indicates that after 5 years and sometimes much sooner,...  [read more]