Economics Explained When Economic Policies Go Wrong | Economics Explained
Sep 5, 2023
This podcast explores the challenges of running economic experiments and discusses the outcomes of countries that have tried different economic systems. It compares capitalist free markets with centrally planned economies using case studies like North and South Korea and East and West Germany. The podcast also delves into the impact of natural resource exports on a country's economy and examines Norway's successful economic policies, including their sovereign wealth fund.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 4min
Comparing Capitalist Free Markets and Centrally Planned Communist or Socialist Nations
04:04 • 5min
Free Market vs Centrally Planned Economy
08:38 • 6min
The Impact of Reliance on Natural Resource Exports
15:07 • 2min
Norway's Economic Policies and the Role of the Sovereign Wealth Fund
17:32 • 2min