China’s Wages

Because I am still reading Peter Hessler’s Country Driving A Journey Through China, I related a recent NY Times article to his wonderful descriptions of an expanding transportation infrastructure, villagers migrating to cities, and more affluence. Saying that textile jobs were shifting…

China’s Drivers

Peter Hessler’s Country Driving A Journey Through China From Farm To Factory takes the reader to China’s roads, villages, and factories. Having just completed the first half of the book, I wanted to share random fascinating facts that relate to their transportation…

Indian Protests Fueled By Gas Price Hike

A government decision to stop subsidizing gasoline prices in India fueled protests last week. The subsidy cost the indian government 2.5% of its budget ($5.5 billion). Now, with prices responding to the market, the record high deficit can drop. However, a…

Common Markets

Kenyan coffee exporters have a problem at the Tanzanian border. “On the Kenyan side they operate 24 hours a day, but on the Tanzanian side it’s 12 …We have had drivers standing at the border for 4 days. These things…

More Than a Mango

This story is about a canal and a plastic milk crate. It takes place on a mango farm in Haiti. The farmer has 2 mango trees. The trees produce her entire crop and her income of approximately $2 a day.…

Grading North Korea

Just like teachers, the writers of the Index of Economic Freedom give grades. Instead of students, though, countries receive their grades after being “tested” on such economic issues as starting a business, tax policy, and private property. The highest grades are…

Economic Freedom

Composed of 179 countries, the Index of Economic Freedom ranks France 64 and the United States 8. At the top of the list, with the more free economies and the lowest numbers, are Hong Kong, Singapore, and Australia while North Korea,…

Environmental Externalities

There is oil under Murchison Falls National Park. Home to rare birds, lions, elephants, and giraffes, this Ugandan nature park is a tourist mecca. The Ugandan government, though, prefers oil to tourists as a revenue stream.  Thinking as economists, we…

Change in India

Hey Everyone My name is Ilya Sabnani. I am currently a sophomore at Princeton majoring in Economics with certificates in Environmental Studies and South Asia Studies. I’m guest blogging about social and economic change in India. This past fall, I…

How Are We Doing?

Hearing that U.S. real GDP growth for the first quarter was 3.2%, I wondered how well we were doing. We can look at past recessions to assess 3.2%. Looking back to the early 1980s, some economists say they were hoping…