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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    Global Migration

    Jun 9, 12 • 544 Views • No Comments

    The most common state-to-state moves in the US are from California to Texas with New York to Florida next. Between 2008 and 2009 almost 7 million people moved from state to state. The most common reason? Employment. What if labor could not move easily? A......  [read more]

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    Manufacturing and the Market System

    May 30, 12 • 494 Views • No Comments

    Adam Smith might look at recent increases in manufacturing and say, “The market works.” Here are some stories. One furniture manufacturer decided it could make consumers happier by moving back from China. Yes, it would mean paying a sander $10 an......  [read more]

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    Cars and the Middle Class in Developing Nations

    May 26, 12 • 614 Views • No Comments

    What does it mean to be middle class? For a developing nation like China, income might be the key. If someone earns between $10 and $50 a day, then that person is middle class. Or perhaps you just need to be able to buy a tall macchiato at a Starbucks or a......  [read more]

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    (Mc)Wages Around the World

    May 21, 12 • 5872 Views • No Comments

    It can be tough to compare wages around the world. While lots of people could be called iPhone assemblers or auto workers or t-shirt makers, depending on the country, factory conditions, time off, the work day, all really differ. Not for McDonald’s. At......  [read more]

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    Tea Leaves…Then Returns

    May 7, 12 • 545 Views • No Comments

    The Indian economy is slowing down. Maybe it’s all about the ease of doing business. Ranked #132 out of 183 countries in the World Bank’s “Ease of Doing Business Index,” India has a lot of red tape. Just starting a business involves 12......  [read more]