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.
Is South Korea's Economic Bubble About to Burst?
We're exploring South Korea's impressive economic transformation, from an agrarian backwater to a global powerhouse. Home to internationally recognized companies and cutting-edge industries, South Korea is a fascinating case study for economists worldwide. In this video, we'll examine the drivers of South Korea's potential growth in the next decade, the obstacles that could undermine its entire economic system, and why this is all so important for the rest of us outside South Korea for our own economies.
The Controversial 2023 Nobel Prize Explained (Gender Pay Gap)
We've avoided talking about the gender pay gap for a long time because, frankly, it's an emotional topic. But this year's Nobel Prize in Economics (Sveriges Riksbank Prize) was awarded to Claudia Goldin for her work explaining the gender pay gap using historical data and taking the emotion out of the equation.
Why Argentina Is Doomed To Fail Over and Over Again
Argentina's prosperity used to rival the US, but now it is bouncing between economic highs and lows. In just decades, it's seen rapid growth and dire crashes five times. What keeps derailing this nation's economy, and can it break the cycle, and what can we learn from their unique economic situation?
China’s Crumbling Economic Story
Deng Xiaoping's reforms in the 80s transformed Shenzhen, a small town near Hong Kong, into an economic powerhouse. China's rapid growth lifted millions from poverty but did it grow too quickly to be sustainable? Now China faces deflation, and experts are worried that this could spell the end of the economic miracle.
Is Poland The New Economic Powerhouse of Europe?
Poland defies European economic trends by having one of the fastest-growing economies on the continent. While many European nations face stagnation, Poland shines, even outperforming its former Soviet counterparts, including resource-rich Russia. Despite historical challenges and its unique geopolitical situation, Poland's success offers insights for struggling economies worldwide, although it faces hurdles ahead.
The $6.5 Trillion Dollar Problem Nobody Notices
There's a massive cost that every developed economy has to deal with that nobody talks about... Infrastructure maintenance. It sounds boring but all of those developments that governments love to talk up can end up costing a fortune to maintain. So what can we do about this and why is this such a problem?
Love this show so much. I just wish the content was longer.
Hard to digest
Sounds like I’m listening to a robot that’s lost touch with reality. “People are having less children, because it’s no longer economically advantageous to have them. As it becomes cheaper to use machinery, advanced economies will see declines in birth rates” I don’t think this is why people are having less children. I think it’s more to do with the increasing gap between costs of labor and costs of living than it is with child labor losing its spark. Employers rather buy a machine than pay living wages. Because of profits, that’s a more realistic assumption for the decline of birth rates. I’ve been listening to this podcast (and others) for a while now to learn a bit about economics but some eps are getting harder to digest.
I just can’t do it, the content is good, the narrator is…
He’s so well spoken, but he ends literally ever sentence with an ascending note/pitch which once you notice is actually really distracting. I’ve never heard anyone who does this, I’m not sure if it’s a bad habit or something he was unfortunately trained to do.