Your beer consumption can depend on where you live, whether you prefer wine, your country’s traditions, and your income.
Whether looking at 21st century Uber in India or 19th century Singer sewing machine in Russia, globalization requires adjusting a business model.
Closely connected to tax revenue and civilian attitudes towards government, Russian vodka consumption was affected by economic incentives.
Facing an aging population and more entitlements, countries that are encouraging more births to expand the labor force might be creating a bigger 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.
Our weekly roundup includes stories from everyday economics that relate to creative destruction, taxation, price floors, labor markets and entitlements.
Estonia’s market economy resulted from eurozone membership, human capital and infrastructure development and fiscal discipline.
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.
When 2066 Americans were asked where Ukraine is located, as the dots on the following map show, the replies were rather scattered. While 16% of the respondents knew their geography, the rest were off by an average of 1800 miles. The redder…
Fewer bottles of kodrinskoie-sparkling will be served at Russian holiday celebrations. Declaring that Moldova’s exports no longer met its food quality standards, Russia has blocked Moldovan wine exports. In the past, Ukrainian cheese and chocolate have also been on and off…