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Economy

Photo collage -- photos representing economy and manufacturing.Mere mention of the word “economics” has the power to cause eyes to glaze over, ears to close, and brains to take a siesta. In some ways, economics has earned its reputation as “the dismal science.”

But the ways countries allocate scarce resources, produce and sell goods and services, distribute and consume wealth – not to mention the choices that consumers make as they balance their wants and needs – have a profound affect on us all. The jobs we have, the money we earn, the standard of living we can expect, and even the services our governments can provide are all tied to economics.

Minnesota companies sell lots of goods and services in China. Here, you’ll learn about the economic ties that join Minnesota and China through trade, and why that trade is important.

We promise it won’t be dismal.