Posts Tagged ‘developing nations’

  • Violating the sanctity of contracts, Argentina has again defaulted on her sovereign debt and diminished her ability to borrow.

    Sovereign Debt: Is Argentina’s Default Legal?

    Sep 13, 13 • 925 Views • No Comments

    Does Argentina still owe bondholders the money? The US Supreme Court might decide. It all began with what scholars Rogoff and Reinhart called the lending boom of the 1990s. Enjoying an influx of dollars, Argentina borrowed and grew and prospered…for......  [read more]

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    Elasticity: Eating More Meat

    Aug 15, 13 • 1012 Views • No Comments

    Earning more probably means eating more meat. Chinese meat consumption surpassed the US in 1990. Their 7-fold increase since 1980 corresponds to a huge GDP pop–maybe by a 50 multiple. One Australian economist hypothesizes that when an economy doubles,......  [read more]

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    Manufacturing: What’s New?

    Jun 12, 13 • 454 Views • No Comments

    Called “A Revolution in the Making,” yesterday’s Wall Street Journal  focused on manufacturing in a special section. I was particularly impressed with some stats that they presented and Jay Leno. The Stats: The cost gap is closing between......  [read more]

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Gender Issues: Literate Women

    Jun 10, 13 • 447 Views • No Comments

    Why have men sought to prevent women from reading? Even in colonial Massachusetts, the law required boys to attend school while girls were primarily educated at home. Consequently, while John Adams attended school in Braintree and entered Harvard when he was......  [read more]

  • The Panama Canal Project Facilitates World Trade.

    Do Brazilians or Russians Work Shorter Hours?

    Feb 7, 13 • 606 Views • No Comments

    Brazil or Russia? Who tends to work shorter hours? Who takes longer lunch hours? Who watches more TV? Who is more likely to sleep 8 hours or more each night?   Brazil was the correct answer to every question. My source of data was a Jana emerging markets......  [read more]