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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    Debt Compromises

    Jul 23, 11 • 447 Views • No Comments

    This story is about a country that had massive debt. A recent war had been expensive and the economy had big problems. Still though, powerful political leaders opposed the solution that the Secretary of the Treasury proposed. Yes, the country is the United......  [read more]

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    Chinese Basketball and Adam Smith

    Jul 21, 11 • 476 Views • No Comments

    It is called the “womb to tomb model.” Selected as young children because of their exceptional height, future Chinese basketball players are educated separately. Whereas traditional Chinese schools have few, if any, extracurricular activities,......  [read more]

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    Venezuela’s Economic Problems

    Jul 20, 11 • 916 Views • No Comments

    Venezuela has 2 basic economic problems: The law of supply: Because price and quantity move in the same direction, if price goes down, then producers provide less. This takes us to Venezuela’s 27.1% inflation rate. President Hugo Chavez responded by......  [read more]

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    Grade Inflation

    Jul 16, 11 • 499 Views • No Comments

    Recent research indicates college students are studying less. Between 1961 and 2003, full time college students diminished their study time from 40 to 27 hours a week. And yet, they have been getting higher grades. In 1940, 15% of all students got A’s.......  [read more]

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    Productivity: Working Weekends

    Jul 12, 11 • 339 Views • No Comments

    Israel has to decide when to have a weekend. The Israeli Sabbath, Friday sunset through Saturday sunset will be a part of it. The second day? Sunday and Friday are possibilities. Knowing that productivity is a major consideration, Israel’s prime......  [read more]