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10min chapter
Analyzing Economies Round 3: Middle East, Africa, South America, and North America
"Econ 102" with Noah Smith and Erik Torenberg
Economic Challenges and Future Prospects of Egypt and Saudi Arabia
The chapter analyzes the economic challenges faced by Egypt, including disruptions in trade routes and dependence on the Suez Canal, while exploring potential solutions like shifting towards solar power and integration with Europe. It also examines Saudi Arabia's stagnant per capita GDP and its efforts to diversify the economy away from oil dependency through projects like NAYOM. Additionally, the conversation delves into the changing dynamics of Saudi Arabia, including incremental steps towards modernization and the influx of tech funding.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode