Chinese Economy
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Why Some Countries Are Poor and Others Rich

"The reason why some countries are rich and others poor depends on the quality of their institutions, the culture they have, the natural resources they find and what latitude they're on."

 

Tags: development, statistics, economic, globalization, poverty.


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Kaitlyn Evans's comment, July 30, 2015 5:24 AM
I'm not sure if I believe everything this video stated, however I think it is a good topic to analyze. I think it would be interesting to see how the rich countries became rich. They can't just have started on top. I also believe the rich countries abuse the poor countries because we can get goods/minerals/just about anything for a small price and then sell it in the rich country for much more.
Rob Duke's comment, July 30, 2015 3:34 PM
...certainly privilege from times past when there were no international watchdogs comes into play, but even when we control for colonialism, certain countries do much better than others. I'm inclined to think like Jared Diamond (The World Until Yesterday) and David Landes (The Wealth and Poverty of Nations. 1998) that institutions matter. If we protect property, provide vertical institutional support while also making room in the shadow of the law for ad hoc cooperation (see Elinor Ostrom's work), and protect intellectual property rights, we tend to have more wealth developed.
Adrian Bahan (MNPS)'s curator insight, March 14, 7:49 PM

I can't say I agree with all the arguments put forward in this video, it can still be a nice starting point to get students to critically analyze the ideas put forth and assess the merits of the claims being made.

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Reengineering the Cultural Economy

Reengineering the Cultural Economy is an interesting, and informative essay from Alan Slusher, which he presented at the annual meeting of the Ministry of Tourism and Culture.  It's really worth a read.

 

On Google Drive:  https://drive.google.com/file/d/0BxVpwCISfz8abDJ6X2tOb2Z6X3M/edit?usp=sharing

 

"The word 'economy' has to do with all aspects of production, exchange, consumption and investment activities through which a people generate value and share the material and social goods that are required first for survival, and then, after the basic survival requirements are satisfied, for recreation, enjoyment, and intellectual and spiritual reflection and exploration.  These latter processes, of course, also lead to expansion in the production of goods and services, of income and wealth, and most importantly, they lead to changes in the patterns of behaviour and representations of those patterns, that, taken together, define the group’s culture." 

 


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China, How it is - Jobs for foreigners

What sort of work can you as a foreigner find and do in China? What sort of education do you need? What sort of Salary can you expect? These are some of the ...
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we won't know what's up with China's real estate bubble until it's too late - GlobalPost

we won't know what's up with China's real estate bubble until it's too late - GlobalPost | Chinese Economy | Scoop.it
we won't know what's up with China's real estate bubble until it's too late
GlobalPost
Property is tightly intertwined with all aspects of the Chinese economy. ... Consider real estate prices.
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China considers raising retirement age

The Chinese government is considering increasing the retirement age to avoid what could be a demographic time bomb. With several hundred million Chinese soon...
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McKinsey Greater China – Coming To A Factory Near You: Chinese ...

McKinsey Greater China – Coming To A Factory Near You: Chinese ... | Chinese Economy | Scoop.it
There is a “but” in this, which is that Chinese robot producers are not part of this global industry association, and so robots produced in China for use in China don't get counted in the global statistics.
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China Rises - Getting Rich (New York Times Television)

In 25 Years, China has achieved the most rapid economic advance in such a short time of any nation in history. How? By scrapping its devotion to collectivism...
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McKinsey Greater China – Preparing For China's Middle Class ...

McKinsey Greater China – Preparing For China's Middle Class ... | Chinese Economy | Scoop.it
In recent months, I have become increasingly concerned about the next stage of development for China's middle class. We have witnessed the tremendous transformation as hundreds of millions have moved into the middle ...
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