Whereas we can rank countries’ internet access and correlate internet access to economic growth, quantifying the internet /GDP connection is impossible.…
Homework? It's About the Economy…
Why would France want to ban homework? President Hollande has said that less homework means more equality. At home, income makes a difference. Higher income families have children with higher test sco…
The Fabric of Free Trade
The roof of the big-box store near your home could contain fabric that was made in Greensboro, N.C. Transported in rolls that are 12 feet wide and 5,000 yards long, this material is also made in South…
Free Trade
KORUS has been in the news. The Korea-U.S. Free Trade Agreement, negotiated in 2007 but not ratified by Congress, was in trouble. One reason was Ford. With a 1% share of the South Korean car market, U…
Silver Job Fairs
It is more likely that a 75 year-old South Korean will be working than a 60 year old Frenchman. According to OECD (Organization of Economic Cooperation and development) statistics cited by Floyd Norri…
Supply, Demand, and Kimchi
The kimchi mini-crisis is a perfect tale of supply and demand. Kimchi, “a fiery cabbage-based staple of Korea,” is typically made from “seasoned, fermented napa cabbage”. Farme…