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"Econ 102" with Noah Smith and Erik Torenberg
The New Axis, Neoliberalism, and Germany [Mailbag]
Sep 5, 2024
Dive into listener questions about the role of economists in predicting outcomes and the intricacies of global alliances involving China and Russia. Explore the economic strategies of South Asian nations like Nepal amidst the backdrop of potential conflict with China. The podcast also tackles the hot button issue of drug pricing in the U.S. and critiques Germany’s energy policies. Finally, reflect on the legacy of neoliberalism and the need for innovative solutions to contemporary economic challenges.
57:38
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Quick takeaways
- Economists have demonstrated their value in real-world applications, debunking myths about their predictive shortcomings despite challenges in macroeconomic forecasting.
- China's industrial strategy highlights a competitive approach centered on substantial subsidies, raising concerns for developing nations navigating global economic dynamics.
Deep dives
Poland's Economic Growth
Poland is experiencing significant economic growth, as reflected in the enthusiastic sentiments of its people about maintaining ongoing development. The country, particularly Warsaw, showcases modern infrastructure and a vibrant atmosphere that contradicts perceptions of it being less beautiful. Visitors can see a community actively engaged in discussions about sustainable growth and future opportunities. This local excitement mirrors the trends observed in other rapidly developing economies.
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Listen to the best highlights from the podcasts you love and dive into the full episode