Economics Explained Eritrea Is the Worst Economy on Earth
5 snips
Feb 15, 2024 A podcast discusses Eritrea's dire economic situation, calling it the worst economy on Earth. The country is a military dictatorship and lacks free markets and trading partners. Its high debt to GDP ratio is due to its critical region for international shipping. Life in Eritrea is incredibly challenging.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 4min
Challenges of Government, Control, and Military Expenditure in Eritrea's Economy
03:49 • 2min
The Economic Situation in Eritrea and Challenges of a Command Economy
06:02 • 4min
The Impact of Foreign Workers Tax in Undeveloped Economies
10:06 • 2min
Eritrea's Desperate Economic Situation
12:12 • 3min