Economics Explained

What will the potential economic outcomes of leadership change be why is it that a dictatorship inherently makes for a poor economy? What the potential outcomes will be for North Korea will be in the future. How countries have dealt with this type of situation in the past. And perhaps initially what is it that would stand in the way of a country like North Korea embracing a modern economic system,...

Hong Kong has done very well for itself as a global middleman. And the meteoric rise of its neighboring economy, China, has only strengthened the city’s already-prosperous position.  But, of course, if you follow the news, you probably already know that Hong Kong has seen better days. Global trade tensions, prolonged protests, and good old-fashioned competition have dramatically impacted its econo...

France is a global trendsetter for other economies. This goes from the rollout of the metric system to more tangible short term indicators. If you want to predict the future, look to France. This is not to say that the country is any further ahead than any other developed nation. In fact, in many ways, it is quite the opposite, but the industries they choose to engage in making them a great indica...

Taxes are an unfortunate reality for most people living and working in the modern world, we pay them every year, we complain about them, and then we forget them until next year.  Taxes are one of the most important elements of any economy around the world. Entire societies can grow from effective taxation and crumble without it. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2017, at Christie’s Auction House in New York, a mysterious #Art buyer bid a record-breaking $450 million dollars for the #SalvatorMundi; a painting by the legendary Leonardo da Vinci. News of the staggering purchase price sent shockwaves throughout the entire art market (which, interestingly, has been a reliable indicator of impending market bubbles for decades).  What drives the high-end #Art...

Brazil is currently the 9th largest economy in the world, according to the International Monetary Fund. This means that if the nation does make the jump from developing to developed, it could rival economic superpowers like Germany, Japan, or the United Kingdom.  And as crazy as it may sound, it may become an economy that rivals the USA or China. Learn more about your ad choices. Visit megaphone.f...

China's Belt and Road initiative is set to be the most influential economic development project in recent history. It’ll be an investment measured in trillions, connecting dozens of nations with roads, rail lines, shipping routes, and most important of all: trade deals.  But for all of the impressive figures, there’s an equally concerning list of problems centered around the nation that looks to b...

This is Liechtenstein just the cutest little European nation, the nation is tiny but weirdly enough it is actually only the fourth smallest country in Europe, behind Vatican City, Monaco, and San Marino. What it lacks in square footage though it more than makes up for in economic might. You see this country is home to the second richest people in the world with a GDP per capita of $165,000 which i...

So hedge fund is a term that has really lost a lot of meaning in recent years. These days it basically just means a managed financial institution that facilitates complex investment strategies that cater exclusively to high net worth individuals. But that wasn’t always the case. You see hedge funds actually have a really specific role in the world of high finance and in this video we are going to...

Most people would agree that recessions are terrible things, they cause widespread fear among people that will be anxious about their savings, their livelihood, or even their next meal. On a nationwide level, economic downturns are events akin to natural disasters, they do massive damage and for the most part are widely accepted by society as an “inevitability”, rather than a “rarity” … But do we...

Game Theory is supposed to show how businesses (and prisoners) can outdo each other to win out over their competition. While this is great in theory Game Theory actually shows us much more about how to get along with our partners, friends, and allies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Qatar has one of the highest rates of migrant workers of any country in the world with over 90% of residents being non-citizens. So why does Qatar need so many migrant works and why are so many migrant workers willing to go to Qatar? Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the past decade Sri Lanka was one of the fastest growing economies in Asia. However, they took on too much debt and now the country is collapsing. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's no secret that China is facing a myriad of economic problems with many commentators predicting the impending collapse of the Chinese economy. But what would really happen is the world's second largest economy collapses? Learn more about your ad choices. Visit megaphone.fm/adchoices

Over time it is almost taken as given that science and technology will evolve and improve over time. But does the same hold true for the field of economics? Will future generations achieve superior levels of wealth due to advancements in economics or have we already solved everything there is to discover? Learn more about your ad choices. Visit megaphone.fm/adchoices

In the 1980s Nauru was the richest country in the world on a per capita basis. Nauru's wealth can be entirely attributed to its deposits on Phosphate, a substance used in fertilizers. However, by the early 2000s they had completely run out of Phosphate the country's GDP declined by more than 90%. Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation has been perhaps the single biggest issue facing the global economy over the past year and has proven far more persistent than most people originally assumed. But with central banks around the world all raising interest rates, will we finally see inflation go back down to more normal levels? Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the past 30 years China has experienced perhaps the most impressive economic growth of any country in history. But these impressive growth numbers all come from official government statistics bureaus. How much can we trust the official statistics? Learn more about your ad choices. Visit megaphone.fm/adchoices

In this podcast we go over the 2022 Nobel Prize in Economics Learn more about your ad choices. Visit megaphone.fm/adchoices

In this video we help you to be more knowledgeable about inflation by looking at countries, most notably Switzerland, that have bucked the global trend in 2022 by reporting tame inflation numbers. We look into what Switzerland did right and what other countries can learn from them. Learn more about your ad choices. Visit megaphone.fm/adchoices

What Would The American Economy Look Like If COVID Never Happened? Learn more about your ad choices. Visit megaphone.fm/adchoices

The UK economy is not having a great year with 40 year high inflation, the Bank of England predicting a recession, and three different prime ministers within the span so 3 months. So what is going on and what does the future hold? Learn more about your ad choices. Visit megaphone.fm/adchoices

Saudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia's $1 trillion 170km skyscraper called The Line. Why are these countries spending so much on mega projects and does it make any economic sense? Learn more about your ad choices. Visit megaphone.fm/adchoi...

Up until 1990 India was slightly richer than China on a per capita basis, but since then China's economy has grown far faster than India's. In this episode we look at the structural issues in India's economy have thus far prevented it from achieving the same level of economic success as China. Learn more about your ad choices. Visit megaphone.fm/adchoices

Subscribe to the Economics Explained YouTube channel 👉 https://bit.ly/sub2ee Learn more about your ad choices. Visit megaphone.fm/adchoices