The Scrap Business is Underrated

Our Wednesday Environment Focus By Madeleine Vance, guest blogger and student at Kent Place School The “scrap” business is a lot more than just scrap. Once you drop your empty soda can into the recycling bin, it could even be…

Human Capital: Electricity Matters

After Hurricane Sandy struck my NJ area, a physician friend told me that, with no refrigeration, her vaccine supply spoiled. Imagine her temporary problem as a permanent condition in the developing world. Lack of dependable electricity affects vaccines and the ability…

GDP: Where is the World Economy Going?

Yesterday, the UN published a preview of its world economic outlook. While projections are always debatable, their graphs provide a snapshot of key economic issues. GDP Outlook: Oil Prices: Grain Prices:   These projections and comments from a Société Générale Report…

Phone Power

Only 3 years ago in sub-Saharan Africa, more than two-thirds of all roads were unpaved, three-quarters of the population was without electricity, and there were 3 landline phones per 100 people. Enter the cell phone. As of 2010, in low…

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…

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…

Economic Geography or Location, Location

Why, you may wonder, is an economist presenting a major address today at the Association of American Geographers? Looking back and looking forward, Paul Krugman’s speech provides the answer. Economic geography involves mathematical modeling and also costume jewelry in Providence,…