Economist Podcasts
Bibi talk: a speech light on detail
Jul 25, 2024
Anshul Pfeffer, The Economist's Israel correspondent, shares insights on Netanyahu's recent speech, revealing its political intentions amid the Gaza conflict but noting the lack of concrete plans. Ore Ogunbiyi, the Africa correspondent, discusses Nigeria's food crisis, emphasizing rising prices and stagnant wages as key challenges for households. Both guests reflect on the impact of global events on local economies, including the surprising role of Starbucks as a driver of community innovation.
23:45
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Quick takeaways
- Starbucks stores stimulate entrepreneurship and innovation in communities.
- Nigeria faces severe food inflation due to government policies and external factors.
Deep dives
Impact of Starbucks on Local Economies
Starbucks' presence in a neighborhood has been found to stimulate new business creation, acting as a catalyst for entrepreneurial growth. Studies revealed that the ambiance of Starbucks functions as a 'third space' conducive for networking and idea generation, benefiting startups in their early stages. This effect was supported by observations of increased business activity in areas where Starbucks opened compared to areas where it faced planning obstacles or in minority-heavy neighborhoods.
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