Richard Davies on Extreme Economies
EconTalk
00:00
Economic Growth and Informal Markets
This chapter explores the contrasting economic growth rates across countries, focusing on the issues plaguing Kinshasa amid its potential as a vibrant economic hub. It delves into the intricacies of informal economies, dual taxation systems, and the pervasive effects of corruption that burden the local populace. Personal anecdotes bridge the gap between economic theory and lived experiences, illustrating the challenges of navigating a resource-scarce environment.
Transcript
Play full episode
