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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    Different Kinds of Capitalism

    Dec 29, 10 • 309 Views • No Comments

    How much does Chinese capitalism resemble U.S. capitalism? In a New Yorker article, journalist John Cassidy suggests that China’s combination of authoritarianism and capitalism is somewhat similar to our own history. Reminding us of our...  [read more]

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    Made in China?

    Dec 26, 10 • 421 Views • No Comments

    True or false? Is Apple’s iPhone made in China? The answer is true and false. True. According to U.S. trade statistics, the iPhone is made in China. Consequently, the iPhone is recorded as a minus for us and a plus for China. It added to our trade...  [read more]

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    Unintended Green Incentives

    Dec 19, 10 • 224 Views • No Comments

    True or False? When we become more energy efficient, we use up fewer resources. This New Yorker Magazine article says maybe. Citing the “rebound effect,” the article briefly takes us back to Williams Jevons, England, and 1865. In a book called The...  [read more]

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    When Will China and India Catch Up?

    Dec 17, 10 • 265 Views • No Comments

    In one wonderful 4 minute animated video, Swedish professor Hans Rosling shows us how, during 200 years, 200 countries became healthier and wealthier. The turning point for one group of nations is 1810 with the industrial revolution. The next turning point,...  [read more]

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    Big Boxes

    Dec 15, 10 • 272 Views • No Comments

    What we ship things in makes a difference. Take the banana, for example. In 1876, at the Philadelphia Centennial Exposition, the banana was a delicacy (and very black). Millions of bunches could only be sent to U.S. shores if they were refrigerated. By 1901,...  [read more]