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.

  • Big Macs and Currency Manipulators

    Oct 24, 12 • 784 Views • No Comments

    In China, a Big Mac costs close to the equivalent of $2.44. That same burger in the US is $4.20. The basic idea is PPP, purchasing power parity. The dollar can buy more when the yuan is undervalued. And President Obama and Governor Romney have both indicated......  [read more]

  • In NYC and China, developers are building smaller apartments.

    Micro-Apartments

    Oct 23, 12 • 1287 Views • No Comments

    An iPad turns on the lights, the shower is a futuristic sounding vertical tube near the door and the bed becomes seating.  Occupying 161 square feet, this Dongguan, China micro-apartment is the size of a US mall parking space. But, at $133 a square foot......  [read more]

  • texting is 20 years old

    Phone Power

    Oct 14, 12 • 611 Views • No Comments

    Only 3 years ago in sub-Saharan Africa, more than two-thirds of all roads were unpaved, three-quarters of the population was without electricity, and there were 3 landline phones per 100 people. Enter the cell phone. As of 2010, in low and middle income......  [read more]

  • Human capital helps GDP Grow

    The Supreme Court, Starbucks and Human Capital

    Oct 12, 12 • 505 Views • No Comments

    Saying affirmative action was the reason she was rejected from the University of Texas, Abigail Fisher sued. The University responded that it was okay for race to be a part of their admissions process. And Starbucks, Wal-Mart and 55 other prominent US......  [read more]

  • Audi India's car horns are loud and very durable.

    India’s Car Horns

    Oct 7, 12 • 626 Views • No Comments

    Standing near a busy intersection in Calcutta, you would hear a horn honk every 3 seconds. Or, as one Audi India executive explained, “With the amount of honking in Mumbai, we do on a daily basis what an average German does on an annual basis.” As......  [read more]