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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    When is 60 a Good Grade?

    Feb 2, 11 • 218 Views • 1 Comment

    At 60.8 percent, the Institute for Supply Management’s (ISM) measure of manufacturing activity was way up, far more than anyone expected. Reflecting expansion, any number above 50 is good. So robust a number takes us to a question. If production is...  [read more]

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    The Economic Response to Riots

    Feb 1, 11 • 212 Views • No Comments

    When the rioting starts, where does economic activity stop? In Egypt, gas and food were immediately affected. One owner of an Alexandria Mobil Station said he had not gotten a gas delivery for 2 days. The price of certain foods soared. One kilogram (close to...  [read more]

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    Grandma and the City

    Jan 31, 11 • 258 Views • No Comments

    In the U.S. 81% of us live in a city. Saying that cities generate more wealth, productivity and innovation, Brookings’ Research Director Alan Berube and Harvard’s Edward Glaeser applaud urbanization. In China, though, Grandma might not be so...  [read more]

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    CPI Concerns

    Jan 25, 11 • 391 Views • 1 Comment

    Should we care if China has a 5.1% annual inflation rate?  A little. The International Herald Tribune tells us that just 1/4 to 2/5 of the price we pay in the U.S. for an imported item reflects the cost of the good. Other slices of the price pie such as...  [read more]

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    Chinese Roads

    Jan 15, 11 • 277 Views • No Comments

    Just 2 Chinese road stories today: Charged with evading $556,000 in tolls, a Chinese truck driver was sentenced to life in prison and a $300,000 fine. The Chinese provincial court that convicted him said that for 8 months, he used false military documents to...  [read more]