Restaurant, cell phone and clothes: People usually buy what others appear to want, so companies use the illusion of low supply to create new demand. But there are paradoxes to human instincts and desires.
Tag: demand
If urban traffic jams and bustling restaurants are symptom of prosperity, long lines outside shops indicate a distorted, depressed economy. This is the current face of Venezuela’s capital.
The migration of rural population into Chinese cities is seen by some as the way to ensure a new burst of economic growth. But urbanization-by-state-planning is not the right road.
DA LAT — It’s 30°C (or 86°F) on the high plateaus of Lam Dong in the southern central part of Vietnam. Hanoi is two-and-a-half hours away by car, and the damp heat envelops the coffee trees, their supple branches fanning out and loaded with green coffee cherries. As the second-largest global coffee producer, Vietnam lags […]