Tag: Developing Countries
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Developing Countries Are More Than Economic Rivals and Terror Threats
The Atlantic: Developing Countries Are More Than Economic Rivals and Terror Threats I still hear many people today talk about the "Third World." It refers to those nations that were poor and not aligned with either Western capitalism (First World) or the communist world (Second World.) The Third World has vanished, and it is time…
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Mobile Technology Helps Farmers save Time, Water, and Electricity
Worldwatch: Mobile Technology Helps Farmers save Time, Water, and Electricity Managing irrigation pumps and water systems is a difficult and costly task for many farmers in developing countries. The amount of time and energy farmers spend watering their crops often compromises time that could otherwise be used for family and community obligations. It also compromises…
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A Case Study in Opportunity Costs for Sweatshop Workers
The following is the conclusion from a forthcoming paper to be published in the Journal of Economics and Sociology titled, Sweatshops, Opportunity Costs, and Non-Monetary Compensation: Evidence from El Salvador (HT: Modled Behavior) Conclusion Few people in developed countries would enjoy working in a third-world “sweatshop” factory, as the pay and working conditions are generally…
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Sustainable Success
Wall Street Journal: Sustainable Success For companies operating in developing countries, it pays to commit to improving social and environmental conditions. A series of scandals over the years have taught Western companies an important lesson about operating in developing countries: Any indication that a company or one of its suppliers is exploiting workers or damaging…