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Economics Explained

Latest episodes

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May 18, 2024 • 17min

The Economy of the Soviet Union

Exploring the wealth gap in 1917 Russia and the Marxist ideals driving the revolution, the deliberate inefficiency strategy in Soviet factories, the focus on industrial production over consumer goods impacting productivity, the shift to consumerism post-Stalin leading to economic stagnation.
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May 12, 2024 • 16min

The Economy of South Africa

South Africa is an economy that is really important to understand as a kind of potential outcome case study of inequality gone bad. The nation itself, on paper at least is not so terrible, it is actually one of if not the wealthiest nation in all of Africa, trading back and forth quite frequently with Nigeria. Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 8, 2024 • 15min

The Tragic Reality of Brain Drain on Poor Countries

The phenomenon of brain drain is when the best and brightest workers from poor countries immigrate to rich countries in the pursuit of higher pay and living conditions. This can hinder the development of poor countries because many of their best workers leave. Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 5, 2024 • 17min

The World's Poorest Country is Sitting on $24 Trillion

Explore the challenges hindering the extraction of natural resources in the DRC. Learn about the impact of political turmoil and civil unrest on the economy. Discover the obstacles hindering foreign investment in the country. Uncover the complexities of GDP measurement and survival strategies in undeveloped economies. Understand the economic struggles faced by the DRC despite its resource wealth.
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May 1, 2024 • 15min

Why Canada Is Banning Foreigners From Buying Homes

Canada is banning foreign investors from buying homes for two years to address the pandemic-induced surge in home prices. Economists warn of potential long-term economic effects. Other countries are observing to see if this move pays off.
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Apr 29, 2024 • 16min

Why India Is Stuck Between Poverty and Superpower

Check out The Next Wave, Hubspot's AI podcast here: https://lnk.to/thenextwaveEEFor decades now economists have been predicting that India would become an economic superpower, and in part, it has. India's workforce is younger than China's and wages are lower meaning they have been well placed to take low ticket manufacturing jobs from China. But could we expect to see India's economy grow and possibly even surpass China in the next decade? Learn more about your ad choices. Visit megaphone.fm/adchoices
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Apr 16, 2024 • 19min

The Failing Economy of Pakistan

The podcast discusses Pakistan's economic challenges, debt, currency devaluation, and impact on citizens. It explores potential solutions such as seeking international loans and the country's ties with China's Belt and Road Initiative. The episode highlights the interconnectedness of Pakistan's economy with major global players and the effects of disrupted remittances post-COVID.
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4 snips
Apr 8, 2024 • 14min

Why Bangladesh Won't Be The Next China

Exploring Bangladesh's potential for economic growth, its labor-intensive market for T-shirt production, and the challenges hindering its development. Can Bangladesh transition to become the next China by diversifying its economy and attracting foreign investment?
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Apr 5, 2024 • 19min

Do Bank Failures Always Cause Recessions? (SVB)

Exploring recent bank failures in Silicon Valley, drawing parallels to historical banking crises like the Great Depression and 2008 recession. Discussion on potential global repercussions and causes of bank failures, including niche markets, large account sizes, and lack of FDIC coverage. Insights on bank deposit insurance, FDIC role, moral hazard concerns, and case study on Silicon Valley Bank's failure. Exploration of interest rates, Federal Reserve's role, and evolving bank business models amidst economic and technological changes.
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Apr 3, 2024 • 14min

Has The EU Actually Been Good For Europe?

Exploring the economic power and challenges of the EU, including disparities in economic needs, hurdles faced in economic management, and the impact of the EU on Europe's economic landscape.

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