The new World Bank Human Capital Index was created to encourage the leaders of 157 countries to improve their healthcare and education.…
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.
An Inside Look at the iPhone
Doing an iPhone teardown for the XS Max, we see the cost of the components and the suppliers that extend around the world.…
The Problem With Emissions Outsourcing
Usually associated with jobs, now the outsourcing that relates to carbon emissions embedded in globally traded goods will be limited by California.…
Why It’s Tough to Catch Venezuela’s Runaway Hyperinflation
Calming the everyday monetary chaos created by Venezuela’s hyperinflation is about much more than lopping zeros off its currency.…
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.…