Posts Tagged ‘global economic growth’

  • Luxury Cars Out to Pasture

    Global Economic Growth: From Meat to Luxury Cars

    Sep 18, 13 • 575 Views • Demand, Supply, and Markets, Developing Economies, Economic Growth, Economic History, International Trade and Finance, Macroeconomic Measurement, UncategorizedNo Comments

    For many of us, becoming  more affluent first means more meat and then maybe a washing machine. Imagine a spending ladder in emerging market nations like the BRICs–Brazil, Russia, India, China. At each rung, spending surges and then flattens at that