“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. 756 more words
Tags » Developing Economies
HIV transmission from mother to child is a major, and preventable, factor in the ongoing prevalence of AIDS in Africa. While transmission rates are below 5% with effective prenatal treatment, the World Health Organization says they can range… 608 more words
China does a brisk trade in wristwatches. Last year, it exported $2.6 billion worth of them. And it also imported $2 billion worth.
That kind of back-and-forth, in which similar goods cross national borders in both directions, is a relatively recent phenomenon, but more than a quarter of all trade now fits this pattern. 831 more words
Summary: The Planet Money team investigate current problems in our economy that could create the next economic crisis.
Original Air Date: July 19, 2015
The Nobel prize in economics* has been awarded to Angus Deaton, British-born professor of economics and international affairs at Princeton University. The 69-year-old received the award for his research on measuring and understanding consumption, poverty, and welfare, especially in developing countries. 436 more words