Posts Tagged ‘China’

  • US Chicken Paw Exports to China

    Chicken Economics

    Apr 14, 12 • 687 Views • No Comments

    Ten chicks. If I were teaching in Uzbekistan instead of Summit, NJ, I might have received 10 Serbian chicks as a part of my salary. According to Radio Free Europe, the Uzbek government partially paid certain teachers and doctors with chicks. Their goal was......  [read more]

  • Chinese Consumers and Fresh Apples

    Chinese Economic Growth

    Mar 17, 12 • 682 Views • No Comments

    Our story ends with the recent 2030 Word Bank Report on Chinese economic growth. But we have to start with sunflower seeds. There once was a poor Chinese farmer who believed he could excel at nothing but sunflower seeds. Traditionally sold in stores, in bulk......  [read more]

  • 16898_Mt.Everest.1.30_000011597235XSmall

    BRIC Cell Phones

    Mar 12, 12 • 925 Views • No Comments

    The Tibetan town of Namche Bazaar has yaks, donkeys and cell phones. Located along the route to a Mt. Everest base camp, the town attracts local traders who provision climbers. With the former carrying products and the latter, market information, the animals......  [read more]

  • 15963_3.27_000001882191XSmall

    Chinese State-Run Firms

    Feb 24, 12 • 537 Views • No Comments

    Where would your cell phone, your car, your gasoline, your savings account and the TV station you watch all have one thing in common? China. Called state capitalism, 45% of the Chinese economy is owned or controlled by the government.  With 655 million......  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    A Tale of Two “T-Shirts”

    Feb 14, 12 • 538 Views • No Comments

    What if the cost of producing a woman’s polo shirt is $29.57? Its manufacturers would sell it to retailers for $65.00 who then mark it up to a $155.00 selling price. According to the Wall Street Journal, the land, labor and capital for an upscale green......  [read more]