International Trade and Finance

First explained by David Ricardo through comparative advantage, international trade and finance expands worldwide efficiency and productivity. Econlife looks at international trade to see its impact through goods and services, trade balances, trade barriers like tariffs and quotas and subsidies.

  • Government Rules

    Aug 1, 10 • 279 Views • No Comments

    What is a “systemically important” financial institution? 2300 pages of financial regulation do not specifically tell us. Instead,regulatory agencies will have to decide. One study indicated that implementing new Dodd-Frank financial...  [read more]

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    Euro Notes

    Jul 31, 10 • 284 Views • No Comments

    $1 million in $100 bills weighs 22 pounds. In $500 bills, $1 million would weigh 4.4 pounds. But the U.S. does not circulate $500 bills. The EU does. According to the WSJ and NPR’s Planet Money, people engaging in illegal activities prefer large...  [read more]

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    Son Preference

    Jul 30, 10 • 276 Views • No Comments

    If there are 122 men for every 100 women, how do you find a wife? According to a Columbia University professor, in China, you save. Economists have been asking why Chinese households save so much–30% as compared to a current 6% rate in the U.S. One...  [read more]

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    Burgernomics

    Jul 25, 10 • 284 Views • No Comments

    The Big Mac Index is out again. Not much has changed. Norway’s Big Macs are most expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us? Starting with an average U.S. price of $3.73 (based on 4 cities), we can determine whether...  [read more]

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    China’s Wages

    Jul 21, 10 • 258 Views • No Comments

    Because I am still reading Peter Hessler’s Country Driving A Journey Through China, I related a recent NY Times article to his wonderful descriptions of an expanding transportation infrastructure, villagers migrating to cities, and more affluence....  [read more]