Posts Tagged ‘China’

  • arrow...16197_8.8_000011872893XSmall

    Manufacturing and the Market System

    May 30, 12 • 444 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]

  • Our Transportation Infrastructure is Crumbling

    Cars and the Middle Class in Developing Nations

    May 26, 12 • 573 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]

  • Everyday economics and Shake Shack

    (Mc)Wages Around the World

    May 21, 12 • 5467 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]

  • terracottaarmy

    An Emperor, Immortality, and Monetary Union

    May 9, 12 • 535 Views • No Comments

    By Mira Korber, guest blogger. Two days ago I visited the Times Square Discovery TSX exhibition of the Terracotta Warriors. It is a fascinating display of history, art, and architecture, and I was particularly struck by some economic artifacts from 221 B.C......  [read more]

  • Aging Populations

    Apr 30, 12 • 654 Views • No Comments

    Just remember 4-2-1-whenever you think of Chinese demographics. 4 refers to 2 grandmas and 2 grandpas, 2 is their adult children and 1 is the next generation. The social fabric of China is shifting. In rural areas, the elderly population is growing as the......  [read more]