Shaun T. Dy's Business & Economics Perspective Blog

The Manila Times Right now, I'm still tackling people complaining about the rising costs of onion. It's official that the Philippines now has the most expensive onions in the world. How is it so? I decided to check  The Manila Times based on my Google newsfeed. I'd like to share this excerpt from The Manila Times   which addressed the cost of onions in the Philippines vs. other Asian countries : THE retail price of red onions ranging from P550 to P700 per kilo in markets around Metro Manila on New Year's Eve made unpleasant headlines during the festive season. Red onion was sold at P90 to P120 in mid-2021 and P120 to P170 four months ago. Onion prices hover around P85 in Singapore, P55 in Vietnam, P35 in China and in India . The onion was easily the inflation leader in 2022 and made Philippine onions the most expensive onion on Earth. Though the price is likely to drop significantly in the coming month as the annual harvest kicks in from February to May, and the Departm

CNN Today is Indian Independence Day. It's very easy to look down at India that's until you realize that it went from an impoverished former British colony to an emerging country. It's 75 years of India's independence from Great Britain. I feel it's time to write another economics-related post for this blog. Before that, you may want to read about Deng Xiaoping's real great leap forward (read here ). Though, if you don't mind then you can start reading this post which I will talk about in this post. CNN has Rhea Mogul shares this insight on India's economic growth : Rise of an economic power   Following independence, India was in chaos. Reeling from a bloody partition that killed between 500,000 and 2 million people, and uprooted an estimated 15 million more, it was synonymous with poverty .   Average life expectancy in the years after the British left was just 37 for men and 36 for women, and only 12% of Indians were literate. The country's GDP was