While in 2001 the BRICs–Brazil, Russia, India and China–were going to fuel the world’s economic growth, now it is all about China.
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…
One Reason That Chocolates Are More Expensive
In an econlife post from September 2013, we presented a spending ladder that emerging market nations like the BRICs–Brazil, Russia, India, China–might climb. At each rung, spending surges and then flattens at that higher level until consumers can afford to climb…
Global Economic Growth: From Meat to Luxury Cars
For many of us, becoming more affluent first means more meat and then maybe a washing machine. Imagine a spending ladder in emerging market nations like the BRICs–Brazil, Russia, India, China. At each rung, spending surges and then flattens at…
How To Win The Olympics
The 2016 Olympics in Rio might be different. At the 1996 Atlanta Olympics, Great Britain fared poorly. They took home only one gold and ranked #36 among medal winners. At Beijing in 2008, their medal count was 47 and they ranked…
Coach and the Chinese Consumer
Reporting their 4th quarter earnings yesterday, Coach, the handbag and accessories retailer, disappointed investors when they said that US department store and factory outlet sales had slowed. They did report, though, that sales of their handbags and accessories were up…
BRIC Cell Phones
The Tibetan town of Namche Bazaar has yaks, donkeys and cell phones. Located along the route to a Mt. Everest base camp, the town attracts local traders who provision climbers. With the former carrying products and the latter, market information,…
