In this episode, Noah Smith and Erik Torenberg talk about the world's biggest economies including US, China, Japan, Korea, Taiwan, Russia, Australia, and more, looking at things like inflation, debt, industrial policy, and population challenges. They talk about what each country does well and where they might struggle, and offer ideas about what could happen next.

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.

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SPONSOR: HARMONIC

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co

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RECOMMENDED PODCAST: Autopilot explores the adoption and rollout of AI in the industries that drive the economy and the dynamic founders bringing rapid change to slow-moving industries. From law, to hardware, to aviation, Will Summerlin interviews founders backed by Benchmark, Greylock, and more to learn how they're automating at the frontiers in entrenched industries.

Listen on Spotify: https://open.spotify.com/show/6YQZkKHN7EP2yWedAvSxBC?si=18377c69a2804333

Listen on Apple: https://podcasts.apple.com/ca/podcast/autopilot-with-will-summerlin/id1738163836.

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SPONSOR: BRAVE

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Links:

Noah Smith's Noahpinion https://www.noahpinion.blog

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 X / TWITTER:

@noahpinion (Noah)

@eriktorenberg (Erik)

@TurpentineMedia (Turpentine)

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TIMESTAMPS:

(00:00) Intro

(01:03) U.S. Economy: Trends and Concerns

(08:01) Transition to China's Economy: Massive Property Bust

(15:28) Sponsor: Brave | Turpentine

(21:36) Segue to Japan's Economy: Key Hub of the Electronics Manufacturing

(30:11) Korean Economic Struggles

(33:05) South Korea's Technological Capabilities and International Relations

(34:14) Exploring Taiwan's Economy and Challenges

(36:22) Indonesia's Manufacturing Shift

(37:55) Vietnam's Economic Strategy and Development Needs

(40:31) India's Poverty Reduction and Infrastructure Investments

(44:26) Pakistan Economic Mismanagement

(48:38) Philippines: Underrated Investment Destination

(49:33) Transition to Australia: The Progressive Utopia

(52:02) Russia Economy at War

(59:59) Wrap