Calming the everyday monetary chaos created by Venezuela’s hyperinflation is about much more than lopping zeros off its currency.…
Developing Economies
Developing economies are countries that display the earlier stages of a market system. Including China, India, the Philippines, they have fast growth rates and are helping propel the world economy. Because each one is different, econlife looks at examples of their businesses, consumers and governments.
Why an Economist Can Solve a Poop Problem
Sometimes you need an economist who figures out how to improve Senegal’s sanitation by getting more people to use toilet suckers.…
Deciding Where the iPhone X Is Most Expensive
Looking around the world, you might discover that iPhone X prices aren’t the best indicator of where it is most expensive.…
Why More Babies Were Born Nine Months After a Football (Soccer) Game
Because of events that range from football victories to electrical outages, birth rates can spike or fall nine months later.…
How Starbucks Coffee Bean Husks Are Like Perdue Chicken Paws
When previously worthless byproducts like coffee bean husks, chicken paws, and hog snouts became popular, we increased our economic efficiency.…
The Mystery of the North Korean Economy
Looking at the North Korean economy, economists have to become detectives because the government refuses to share basic statistics.…
A Different View of Manufacturing Jobs
While the headlines emphasize the decline in manufacturing jobs in the U.S., looking at the world reveals a different story.…
How China Has Begun To Keep (a Social) Score
In China, by being good to your mother-in-law, you can elevate your social credit score, get a cheaper bike rental, and a better bank loan.…
The Food Fights Between the U.S. and China
Whether looking at chicken paws or hog hooves, U.S. and China food tastes have worked well together until U.S. and Chinese tariffs have upset the benefits of the relationships.…
Why U.S. Winemakers Can’t Fight the Trade War That the President Uncorked
While facts about China’s wine imports from the U.S. are somewhat surprising, still the impact of a tariff war is predictable.…