International Economics 101

Have you ever had a haircut in South East Asia, a kebap in Zurich or been a sex tourist (just to grab your attention). If so than you, or the kebap seller in Zurich, have probably benefitted from the Balassa-Samuelson effect. This is something you learn in your intermediate macro series. But, to be honest, I was never that interested in macro. So you forget. But at least it gives you the excitement to learn again about a theoretical concept that immediately explains you many of your every-day life observations. I thought I share this excitement with you. Continue reading International Economics 101