Category: Globalization
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All the Countries That Contribute to a Single Jar of Nutella
Atlantic: All the Countries That Contribute to a Single Jar of Nutella A great map that gives insight into how the global market works. As I read this, the stories of "I, Pencil" and "I, Smartphone," which I've previously blogged about here, illustrate the amazing complexity of market economies and how things are coordinated.
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Planet Money Makes A T-Shirt: The world behind a simple shirt, in five chapters
NPR has a wonderful set of five short videos (most about 1.5 minutes) that follow the creation of a t-shirt from the cotton field to the store. It is a well-done and thoughtful presentation about the wonder and challenges of living in a global economy. Be sure to check it out at Planet Money Makes…
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The Dutch Rethink the Welfare State
New Geography: The Dutch Rethink the Welfare State When the Netherlands’ newly coronated king made his first annual appearance before parliament, he turned some heads when he addressed the deficiencies of the Dutch welfare state. “Due to social developments such as globalisation and an ageing population, our labour market and public services are no longer…
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One Person’s Exploitation is Another Person’s Blessing
Writing in his recent post The Alleged "Perils" of "Premature De-Industrialisation." Economist Gavin Kennedy writes: "… I also recall more recently of a Vietnamese woman on being questioned by a Western journalist about her 14-hour working day that she worked six days a week in a new computer-board manufacturing plant near her home village. The…
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Economics Links
1. Here's The Chart That Destroys What Republicans Are Saying About The Deficit 2. The 10 Most Popular Charts On The World's Most Amazing Economics Website Here is one example: Nominal GDP (3.1% growth year over year in Q2): 3. Global trade volume and world industrial production both reached new record highs in July 4.…
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How iPhone Is Made: A Surprising Report on How Much of Apple’s Top Product is US-manufactured
Finances Online: How iPhone Is Made: A Surprising Report on How Much of Apple’s Top Product is US-manufactured … In this infographic we trace the iPhone supply and manufacturing chain. We’re providing snippets of information on both of the existing flagship model plus early breaking rumors for the next-gen iPhones. Did you know, for example, that…
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Technology, Globalization, and Inequality.
These articles caught my eye this week. First, in the Atlantic: Bash Brothers: How Globalization and Technology Teamed Up to Crush Middle-Class Workers Globalizationandtechnology is often referred to like a monolithic thing. A new study shows they're very separate. Globalization increases joblessness. Computers increase inequality. The article is reporting on a recent economic study: Untangling…