econlife on ‘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.

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    Euro Notes

    Jul 31, 10 • 139 Views • International Trade and Finance, Money and Monetary PolicyNo 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...

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    Son Preference

    Jul 30, 10 • 126 Views • Demand, Supply, and Markets, Developing Economies, Economic Thinkers, International Trade and FinanceNo 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...

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    Burgernomics

    Jul 25, 10 • 131 Views • Businesses, Developing Economies, International Trade and FinanceNo 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...

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    China’s Wages

    Jul 21, 10 • 115 Views • Developing Economies, Economic Debates, International Trade and Finance, LaborNo 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....

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    China’s Drivers

    Jul 20, 10 • 112 Views • Demand, Supply, and Markets, Developing Economies, International Trade and FinanceNo Comments

    Peter Hessler’s Country Driving A Journey Through China From Farm To Factory takes the reader to China’s roads, villages, and factories. Having just completed the first half of the book, I wanted to share random fascinating facts that...