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.
The Multi-Billion Dollar Industry You've Never Heard Of
The market for alternative investments has been a really exciting field in recent years, with everything from Bitcoins, to beanie babies being touted as the next must-have to outperform the boring old stock market.
Now some of these investments have been good some of these investments have been bad, and many haven’t been around long enough to really tell yet, but the aftermarket for high fashion is a really interesting entrant into this world.
Vietnam: The Economy of the Next Decade?
Vietnam is one of the fastest-growing economies in the world today. In 2019 its growth was only beaten out by a selection of far smaller and far more unstable national economies.
With a huge and very hardworking population not to mention a powerful ally to it’s north this could be the country to watch out for in the next 10 years. But this success is by no means guaranteed. As with many other nations in the Southeast Asian region, it has many hurdles it needs to deal with to become a fair dinkum developed economy.
So, what has been behind Vietnam’s Economic Growth? What will the impacts of 2020 do to this growth? And perhaps most importantly How will this nation break into the Developed Nations club?
Why Does China Manipulate its own Currency?
China is not playing fair in the game of global trade, they are cheating other countries, companies, and consumers out of business by Manipulating their own currency.
So how does a nation like china control their currency? Can this actually be used to give an unfair advantage in global trade? If it can, why doesn’t every country do it? Can businesses profit from this man-made market failure? And does a currency price even matter?
The Student Debt Crisis
Student loans are financial tools that have been put in place to give promising individuals the ability to get an education and increase their potential for future earnings with a strong professional career.
On a nationwide level having a well educated and skilled workforce is one of the strongest determinants of economic success. We have seen this time and time again with nations like South Korea, Japan, Switzerland and Germany, who are not necessarily blessed with a wealth of natural resources or great geography but nonetheless hold their own as some of the world's wealthiest nations.
For all of these reasons, young men and women from around the world have grown up with the idea that their education is the best investment they can make…
Why Becoming A Cashless Society Is A Terrible Idea
Physical cash is one of the easiest ways to instantly and reliably conduct commerce.
It has been well-documented that the ease of transactions within a nation is as big of a determinant of a country’s success as is access to natural resources like oil and natural gas, or even a well-educated population.
So, what would happen if we got rid of cash?
Do We Need to Work 40 Hours a Week?
There are a lot of things that we take for granted in our day to day lives, and one of the big ones is how we spend a good portion of our waking hours.
Based on sophisticated youtube analytics we can determine that a majority of people watching this video are full-time employees working 40 hour weeks at their jobs
So is 40 hours really the optimal work week, and are their alternatives that are based more on economics rather than tradition?