A slew of alternative indicators can be used to check the accuracy of recent Chinese economic growth numbers.
Targeting a less literate, poorer population, developing nations’ smartphones are different from their “sisters” in industrialized countries.
At a facility in Western India, you would see the worn clothing that sorters had grabbed from a conveyor belt. Separating the T-shirts, the jeans, the sweatshirts and every other garment you can imagine, these workers are a link in a global secondhand clothing chain.…
Comparing the purchasing power for a Big Mac and a gallon of gasoline, we can form hypotheses about worker well-being in developed and developing nations.
For African nations like Rwanda, inaccurate and misleading statistics about poverty and growth can be supplemented with satellite and cell phone data.
Our weekly news roundup includes Starbucks Rewards and marginal thinking, the opportunity cost of housework, and how clothing affects human capital.
Our economic news summary includes interest rates and the Fed, inequality and developing nations, space travel innovation and consumer spending changes.
Currently slowing down, China’s economic growth might be challenged by the middle income trap that has caught Brazil but not Taiwan or Malaysia.
Our everyday economics includes central planning, unintended consequences, comparative advantage, transportation infrastructure, cost & developing nations.