Feb 25, 14 •
354 Views •
Behavioral Economics, Businesses, Demand, Supply, and Markets, Developing Economies, Economic Growth, International Trade and Finance, Labor, Macroeconomic Measurement, Thinking Economically •
Elaine Schwartz •
In an econlife post from September 2013, we presented a spending ladder that emerging market nations like the BRICs–Brazil, Russia, India, China–might climb. At each rung, spending surges and then flattens at that higher level until consumers can
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