In 2001, Goldman Sachs economist Jim O’Neill predicted that the BRICs would increasingly boost the world economy. Having created an unforgettable acronym, he guaranteed that many of us would pay attention to Brazil, Russia, India, and China. What the BRICS…
Weekly Roundup: From Playing Monopoly to Flying Drones
Our everyday economics includes BRICs & MINTs, supply, monopoly, tradeoffs, economic consensus, innovation, property rights, redistribution, fertility rate.
The Reason For Our Chocolate Problem
The chocolate deficit is a supply and demand story with weather and fungus problems on the supply side and demand up from developing nations.
What Refrigerators Can Tell Us About Global Markets
In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.
Why Would the Nigerian GDP Double Overnight?
We might have to say BRINC rather than BRICS. As a developing nation with the highest GDP in Africa, South Africa has been the “S” in BRICS (Brazil, Russia, India, China). Now though, Nigeria has raced ahead. During one weekend…