economy Archive

economyTen Fewer Least Developed Countries by 2024

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In 2014, the population of LDCs (Least Developed Countries) was 898 million—1/8 of the world’s total. The population in LDCs is expected to more than double between 2010 and 2050. In the same time period, the total world population is …

californiaCalifornia would be 5th largest economy and Texas 11th compared to national GDP

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The Bureau of Economic Analysis indicates that California had GDP growth of 3.4% and Texas had GDP growth of 5.2%. At the end of 2017, California had a GDP of $2.80 trillion and Texas had a GDP of 1.75 trillion. …

asiaBelt and Road investments versus Developed world investments

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The American Enterprise Institute (AEI) has a report that China’s Belt and Road Initiative (BRI) has spent $340 billion from 2014-2017. Private companies in China tend to invest in the USA, UK, Switzerland and Australia. They are acquiring hotels, entertainment …

businessCan a trade war now defer the day when China makes competitive wide-body jets?

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One of the stated aims of the Trump trade sanctions is to get China to respect US intellectual property protection. Many U.S. firms have been willing to transfer technology in return for access to China’s labor and consumer markets. US …

agricultureUS-China in early stages of trade war

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Donald Trump slapped tariffs on at least $50 billion in Chinese imports. China has said that they will retaliate. China announced a 25 percent levy on U.S. pork imports — a heavy blow to Iowa, the top pork-producing state and …

chinaHow can we have nice things if they cost ten times more?

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Phase 1 of the California high-speed rail project (520 miles) is now claimed to have an estimated cost of $78 to $98 billion. This is $150 million to $180 million per mile. This is $94-118 million per kilometer. The system …

economyHundreds of millions of uneducated and unemployed Indians could turn to violence

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Milan Vaishnav, Carnegie Endowment for International Peace, notes that despite great projections for India from McKinsey, the World Bank and IBM and many others, India’s rise is not assured. Milan wrote an article for Foreign Affairs which covers the work …

chinaCould a China-South Korea to Europe rail connection be used to buy off North Korea?

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Like China, South Korea has used and plans to use high-speed rail for economic development. South Korea and China both have plans to create high-speed rail and cargo links to Europe. The South Korea connection would require rail lines through …

chinaRe-examining the China Economic Miracle

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How did China’s economy really get to there it is now? * China like Britain, US, Germany and Japan have successfully used selective protectionism to develop their companies and economy. Ethiopia and other African countries are getting some success copying …

chinaBeijing passing Portugal in per capita GDP in 2018

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China richest city is Beijing with a per capita GDP in 2017 of 20,356. China’s currency has strengthened by about 2% since the end of 2018. This puts Beijing at about the level of Portugal or Saudi Arabia with $20,575 …