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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    An Economic Lesson From Marie Antoinette’s Fashion Designer

    Aug 9, 11 • 543 Views • No Comments

    Rose Bertin was the 18th century Alexander McQueen. As Marie Antoinette’s personal fashion guru, she designed massively skirted ornate gowns and 3-foot high poufy hair styles. More than clothing, though, her designs embodied power, presence and......  [read more]

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    Understanding Unemployment

    Aug 5, 11 • 354 Views • No Comments

    A Washington Post article provided some insight about unemployment by suggesting that we place all US jobs into 2 buckets: One bucket contains firms participating in a global market. Some export goods and services. Others face competition from imports.......  [read more]

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    Real Statistics

    Jul 31, 11 • 431 Views • No Comments

    How high is Mount Everest? No one really knows. China says 29,017 feet, Nepal, 29,028, and the National Geographic Society, 29,035. We don’t even agree about sea level. The U.S. uses the St. Lawrence River in Quebec. But the U.K uses another baseline.......  [read more]

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    The Power of the Market: Part 2

    Jul 28, 11 • 337 Views • No Comments

    World oil demand has hit a new high. But not from everyone. Called the “New World” and “Old World” by economist Ed Yardeni, you can see through his graphs, the divide in world oil demand. China, India, Brazil and other emerging......  [read more]

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    The Power of the Market: Part 1

    Jul 27, 11 • 529 Views • No Comments

    Maybe the market is more powerful than the Congress. First, some history… Hoping that farmers would earn a living wage, in 1933, the U.S. government decided to subsidize crop prices. The goal was “parity,” a level of purchasing power that......  [read more]