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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    How Many People Are Hungry?

    Jun 7, 11 • 303 Views • No Comments

    The UN says that the problem is 1 billion hungry people. Columbia University scholar Jeffrey Sachs explains that the solution is foreign aid that attacks the “poverty trap.” Then, markets can develop and people can become more productive. By......  [read more]

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    Beer: An Economic Indicator

    Jun 6, 11 • 1056 Views • 1 Comment

    There appears to be a correlation between beer drinking and economic growth…up to a point. According to a paper from the American Association of Wine Economists (yes, really) the connection is an upside down “U.” As individual incomes......  [read more]

  • Inventions that Fuel Economic Growth

    Health Care and Steamboats

    Jun 4, 11 • 388 Views • No Comments

    Health care and steamboats are related. The link is the Commerce Clause of the Constitution. Hoping to promote a single national economy, the framers of the Constitution said that the Congress has the power to, “regulate Commerce with foreign nations......  [read more]

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    Helpful Acronyms

    May 30, 11 • 406 Views • No Comments

    Reading about the potential contagion of Greece’s debt problems, I discovered STUPID in Schott’s Vocab, a NY Times blog about words and phrases. Schott quoted Reuters Breakingviews, “The new acronym on trading floors for possible dominoes if......  [read more]

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    Trade Deals

    May 21, 11 • 348 Views • No Comments

    What if Mr. Jones, an assembly line worker, lost his job because of low cost imports? And, what if Mrs. Smith, a travel agent, also is unemployed but the reason is online firms like Expedia?  Princeton economist Uwe Reinhardt asks us why Congress is......  [read more]