Word: economisters
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...developing world, as both a market for and a center of energy innovation. "The new frontiers of energy are much more likely to be in China and India and comparable places than in the [developed world]," said Ged Davis, one of the report's panelists and a British energy economist. "This is where the investments for energy are most needed, and this is where I'm convinced they'll be most applied...
...Second, any individual American rarely faces any economic cost from climate change. The Stern Review, a comprehensive analysis of the economic costs of climate change produced by a Nicholas Stern, a respected economist, for the British government, notes that the negative impacts of climate change will be borne disproportionately by the world’s poorest people. Even if, as the report suggests, the cost of global warming will amount to 5-14 percent of global GDP, it is hard for Americans to fixate even briefly on the environment when the recent mortgage market collapse threatens a far more severe...
...does this mean it's inevitable that inflation will join the long list of Chinese global exports? Economists disagree. Yiping Huang, chief Asia Pacific economist for Citibank, notes in a recent research report that, while wages are rising fast in China, labor productivity is increasing even faster, which tends to limit manufacturers' need to raise prices. Standard Chartered economist Gerard Lyons says that China's move into more valuable manufactured goods such as automobiles will in years to come have the same deflationary effects on world markets as the country's push into low-end manufacturing...
...current eagerness for investment as another in Kim's endless series of feints designed to keep his opponents off balance--and the foreign aid handouts flowing so the country stays fed. "The North Korean economic approach has always been to extract resources from outsiders," says Nicholas Eberstadt, a political economist at the American Enterprise Institute and the author of The North Korean Economy. "It's like what they say about champagne: In success, you feel like you deserve it. In failure, you need...
...advice, however, may be to weigh the intangibles. Don't skimp on the pleasure you might get from waking with the sun and going to sleep to the sound of crickets just because you can't calculate a market value for them. In cities, says John Ikerd, an agricultural economist and professor emeritus at the University of Missouri, "people buy things like views, good schools, health clubs and privacy." In the country, he says, be prepared to assign a value of perhaps $100,000 to the simple asset of quality of life. Do that, and peaceful living starts to look...