Economics Explained Economics Explained
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On Economics Explained, we take a look at interesting countries, policies, and decisions from the point of view of an economist. The world is an interesting place and we hope to uncover some of this intrigue in our short, informative podcasts.
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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.
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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.
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The World's Poorest Country is Sitting on $24 Trillion
With GDP per capita of just $2 per day, the Democratic Republic of the Congo is one of the poorest, if not the poorest nation on Earth. However, this does not have to be the case. The country has massive deposits of rare earth minerals including Cobalt, which is an essential input to the production of lithium-ion batteries. The mineral resources are estimated to be worth $24 trillion. So why is the DRC so poor?
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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 it could have long-term effects on the economy if not managed well. Other economies are closely watching Canada to see if the move pays off.
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Why India Is Stuck Between Poverty and Superpower
Check out The Next Wave, Hubspot's AI podcast here: https://lnk.to/thenextwaveEE
For 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?
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The Failing Economy of Pakistan
Pakistan's economy has recently come under pressure due to high levels of debt, currency devaluation, floods, and high prices for imported food and energy. So how bad are things likely to get and what are the possible solutions?
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