Archive of posts filed under the Economy category.

Relationship Between a Country’s Regulation and Income

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A research study by The Fraser Institute of Canada in 2010 confirmed that a country’s incentive structures which include variables such as labor market flexibility, economic freedom, the quality of the legal system and the intrusiveness of the government into the business sector has a significant impact on wealth and income. More specifically the study found that  lower …

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Why Gasoline Prices in the U.S. Vary Wildly

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Gasoline prices at the pump tend to go up and down often in the U.S. Unlike other developed countries, the volatility of gas prices in the U.S. is high. Brent crude closed at $112.39 on Friday and gasoline prices stood at an average of $3.79 per gallon nationwide.  From just under $3.50 per gallon last …

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Debt per Capita of Select Developed Countries

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Debt held by governments across the world has increased in the past few years. Some countries in the developed world have seen their total outstanding debt soar due to the recent global financial crisis and the ensuing recession. Change in debt per capita and debt per capita for select developed countries: Click to enlarge   Source: An …

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Share of Global Manufacturing Valued-Added

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The manufacturing is still a major contributor to the economies of developed countries despite politicians  and others lamenting the loss of manufacturing jobs according to an article in the OECD Observer. Manufacturing in the OECD member nations accounted for some 60% of the global manufacturing value-added in 2010. Global share of manufacturing value-added in 2010: …

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