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Economics Explained

Latest episodes

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Mar 13, 2025 • 15min

Revenge of the BRICS

The BRICS alliance is expanding, with new members like Saudi Arabia, Egypt, Iran, Ethiopia, and Indonesia joining Brazil, Russia, India, China, and South Africa. As global tensions rise, BRICS sees a chance to challenge the Western-led financial system and build its economic powerhouse. But can this diverse group truly unite, or will internal conflicts and economic dependencies hold them back? Watch now to see what a BRICS-led global economy could mean for the future! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 3, 2025 • 16min

How Has Canada Been Going?

Canada's economy faces a conundrum with migration influencing the housing market. Wealthy immigrants distort prices, while low-cost labor struggles for stability. The housing bubble exacerbates economic disparities, and rising prices jeopardize intergenerational wealth. Policymakers grapple with declining talent as skilled individuals move to the U.S. Amidst political instability, real estate speculation and resource dependence loom large. As Canada navigates these challenges, crucial questions arise about the sustainability of its economic future.
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8 snips
Feb 24, 2025 • 15min

The Anatomy of a Failed State

Why do some nations succeed while others fail? Examining traits of successful states reveals stark differences in governance and culture. History shows how corruption and weak institutions can doom a country, using examples like the Congo and Yemen. Meanwhile, Barbados illustrates the importance of effective resource management. Can struggling nations break free from cycles of failure? Tune in as they delve into the complex interplay between institutions, war, and economic stability.
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27 snips
Feb 17, 2025 • 14min

The Teeny Tiny Economy of Greenland

Greenland's vast geography contrasts sharply with its tiny population, creating unique economic challenges. Its economy heavily relies on fishing and financial support from Denmark. The region's strategic importance is stirring interest from global superpowers, especially the U.S., due to untapped resources and potential trade routes. However, the local population faces fears about foreign investment and the complexities of developing a self-sufficient economy amidst dependency. The intriguing mix of traditional culture and modern governance adds another layer to this frozen frontier's allure.
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25 snips
Feb 10, 2025 • 18min

Has Japan Mastered Economic Stagnation?

Japan's economic journey is a captivating paradox, evolving from post-war boom to decades of stagnation. Despite this, the nation enjoys job security, low inflation, and affordable housing. The Plaza Accord underscores Japan's delicate balance in global trade, while cultural resistance shapes its business landscape. The discussion unpacks how societal values influence consumer behavior and innovation amidst challenges. Can a country maintain this equilibrium indefinitely? Explore Japan's unique position and its implications for the future.
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38 snips
Feb 3, 2025 • 18min

Can Tariffs Actually Work?

Are tariffs clever economic tools or just hidden taxes? The discussion dives into their historical role in the U.S. economy and unpacks how recent trade policies have impacted prices and employment. It considers the delicate balance between national security and economic strategy. With a focus on current global trade complexities, the conversation reveals the trade-offs and hidden costs of implementing tariffs today.
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8 snips
Jan 20, 2025 • 17min

How Massachussets Became the Richest State in the USA

Discover how Massachusetts transformed into an economic powerhouse, largely driven by innovative education at prestigious institutions like Harvard and MIT. The state's unique blend of high human capital and a focus on technology paved the way for its massive productivity. Explore the shift from traditional industries to a high-tech hub, while also examining the challenges such as rising housing costs. Can other regions replicate this success story? Tune in to find out!
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9 snips
Jan 18, 2025 • 14min

How has Sri Lanka Been Going?

Sri Lanka's complex economic recovery raises eyebrows as the nation faces both signs of improvement and increasing poverty. A deep dive into the impact of rising foreign debt and declining exports reveals the struggles of citizens despite government efforts. Austerity measures implemented for an IMF support package complicate the situation, prompting comparisons to other countries. The paradox of recovery in the midst of hardship invites critical questions about the effectiveness of current policies and strategies.
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7 snips
Jan 6, 2025 • 19min

How Europe Sabotaged It's Own Economy

Discover the reasons behind Europe's economic stagnation, with a focus on self-inflicted challenges in innovation and immigration. Explore how low birth rates and the emigration of skilled workers are impacting growth, and unpack Europe’s heavy reliance on external energy sources. The decline of manufacturing due to high costs and regulatory issues is examined, alongside the adaptive strategies of entrepreneurs. Can Europe regain its competitive edge, or is prolonged stagnation inevitable? Tune in for insights that could reshape the continent's future.
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21 snips
Dec 24, 2024 • 16min

The End of South Korea's Economic Miracle

Discover how South Korea transformed from post-war devastation to a global economic powerhouse, driven by innovation from giants like Samsung and Hyundai. Explore the complexities of chaebols and their impact on labor markets. Delve into the political challenges currently jeopardizing this success, revealing a struggle for economic stability amid growing divisions. Can South Korea sustain its status in the face of these mounting pressures? Tune in for a fascinating analysis of an economic miracle in peril.

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