Welcome to The Oakridge School's Economics Blog. The goal of this class is for students to have the opportunity to learn economics through a real world setting discussing current events with each other and people throughout the country.
Friday, February 18, 2011
China's Changing Needs
Whit takes an interesting look at China's shift in import necessity.
China's rapid urbanization has created a scarcity of land more so than a scarcity of labor. Because of the scarcity of labor China imports land intensive crops and exports labor extensive products.