Although the per capita GDP gap between two countries could appear large, the difference shrinks when you bring welfare into your calculations.…
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.
The Country That Was Called a Serial (Debt) Deadbeat
When an emerging markets nation like Argentina has a vulnerable economy, then the pandemic lockdown can create a sovereign debt default.…
Handy Coffee Facts to Know During a Pandemic
From the growers through transport, roasters in the U.S. are concerned with the pandemic’s impact on the coffee supply chain.…
How Hershey Kisses and COPEC Are Like Oil and OPEC
Hershey kisses and COPEC might be like petroleum and OPEC if the Ivory Coast and Ghana are able to elevate cocoa bean prices.…
What Grandma Says About China’s One-Child Policy
Because of China’s one-child policy, an aging population of grandparents will wind up with fewer young people to take care of them.…
The Mystery of the Missing Services
Much less visible than the goods that travel in huge container ships, the global trade in services can be seen when we just look at everyday activities.…
The Inside (and Outside) Story of India’s Air Pollution
Inside and outside, India’s air pollution is a story of the tragedy of the commons that so far has not had a happy ending.…
Why Development Economics Has a Plumbing Problem
Comparing development economics to plumbing, one of this year’s Nobel Memorial Prize winners says she observes what works in the real world.…
The Mystery of the Missing Offshored Jobs
Tulsa Remote says it was swamped with applicants. Launched in November 2018, the Program offers $10,000, a $1,000 housing stipend, and free communal office space to the chosen few. To apply you just n…
When Does Cash Matter?
Looking at the economic impact of India’s 2016 demonetization of large denomination rupees, researchers concluded that cash still matters.…