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.
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 mas…
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…
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For decades now economists have been predicting that India would become an economic superpower, and in part, it has. I…
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 wha…
Bangladesh has a troubled past, but it has been in a great position to grow dramatically in much the same way that its neighbour China has done in the recent past. Bangladesh is still a highly labour…
Last year's banking crisis in Silicon Valley, where three banks including Silicon Valley Bank failed, caused bank runs and put pressure on other banks like Credit Suisse. This is reminiscent of past …
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The EU, a unique economic giant, acts similarly to the US federal government, hinting at a "United States of Europe" with its …
Zimbabwe has not had the best past economically speaking. But what they do have is as much as 20% of the world's demand for lithium, the biggest deposits in Africa. So now that the raw lithium export…
Oil and GDP are closely linked together, with the more oil consumed by a country generally meaning the higher the GDP of that country. With that said, energy costs of solar, wind and other technologi…
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In this video we delve into Somalia's perilous economic situation after the government collapse in 1991, and reform in 2012. …
Greece became infamous for their economic stagnation following adoption of the Euro and subsequent over-spending and debt accumulation. But in recent years their economy has been improving and, while…
Florida is growing... fast. Actually faster than most other states, which is astounding given that it is already the fourth largest state economy in the US. This might sound like great news for Flori…
There is perhaps no city more iconic in the world than New York City. But how does the economy of the incredibly densely packed and often struggling city survive now, and will this be the case for ye…
What caused Detroit to lose 60% of it's population since 1950 and is there a way to help residents and industries in shrinking cities to have a better quality of life and work?
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"Made in Germany" carries with ti a kind of prestige, and a marker of quality. Germany is famous for it's incredible engineering and manufacturing talent, but more and more this is becoming a thing o…
Africa is the poorest continent in the world. There are, as always, a lot of factors to consider as to why that is the case, but recently Daron Acemoglu and James A. Robinson from MIT have released a…
We were lucky enough to talk with Prof. Asemoglu of MIT about why Africa lags economically despite so much aid and resources being pumped into the country each year. From the impact of institutions t…
Canada has gone through a lot in the last 10 years, and one of the biggest problems is the price of housing. Canadian cities are in such a small area of the country's landmass and housing constructio…
What led to Lebanon's devastating economic crisis, causing a shrinking population and half of its GDP to vanish? Why did it collapse, and what are the implications for other developing nations facing…
We've talked about some incredibly poor countries on this channel before, but perhaps nothing as bad as the small East African country of Eritrea. This country is a complete military dictatorship, an…
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Thu 15 Feb 2024
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