Economics Explained

Economics Explained

  • 20 minutes 27 seconds
    How Africa’s Biggest Economy Lost 50% of Its GDP

    Nigeria was once predicted to be the fastest-growing economy in the world, but it has faced serious challenges since 2014. In this video, we explore how Nigeria grew with oil wealth and urbanization and what led to its struggles with corruption, instability, and missed chances. Learn how its resources, regional differences, and global reputation have shaped its journey. Can Nigeria overcome these issues and become Africa’s top economy again? Watch to find out.

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    22 November 2024, 4:00 pm
  • 18 minutes 33 seconds
    How Chile's Economy Was Sold to The Highest Bidder

    Explore the surprising story of Chile’s rise to economic prosperity in South America. From its early days of political infighting to the influence of the “Chicago Boys,” discover how Chile became one of the region's wealthiest nations. We’ll dive into its reliance on copper exports, the impact of inequality, and the unique challenges it faces today. Can Chile continue its growth while addressing the demands of its people and balancing global interests? Join us for a deep look into Chile’s complex journey and discover where it stands on the Economics Explained Leaderboard.

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    11 November 2024, 10:33 am
  • 16 minutes 52 seconds
    The 2024 Nobel Prize in Economics: Explained

    Why do some nations flourish while others remain trapped in poverty? This year’s Nobel Prize in Economics goes to three economists whose groundbreaking work explores this question. Join us as we dive into the theories and insights of Daron Acemoglu, Simon Johnson, and James A. Robinson, who have helped shape policy across the globe with their research on economic growth and inequality.

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    4 November 2024, 6:28 am
  • 16 minutes 45 seconds
    Why Paying People to Have Babies is a Billion-Dollar Mistake

    Overpopulation has been our biggest fear for decades, but now, shrinking populations are the real crisis. From aging societies to dwindling birth rates, countries worldwide are grappling with the risks of a declining population and struggling with radical measures to reverse it. In this video, we uncover why this shift could redefine our future, and why simply paying people to have more kids may lead to unexpected, even dangerous consequences. Dive into the surprising story behind the global population plunge and its impact on all of us.

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    28 October 2024, 2:00 pm
  • 17 minutes 15 seconds
    The Broken Economy of Washington DC

    Washington D.C. is home to the world's largest and most powerful economy. Still, most people don’t realize that this federal district is also one of the most complex and productive local economies globally.

    In this video, we dive deep into the fascinating economics of Washington D.C.. How its strange status fuels a massive local economy, and why calls for it to become a state are intensifying. How its wealth paradoxically creates some of the worst inequality in the U.S. We’ll also explore how the unique structure of D.C. skews its economic measurements and what would happen if it gained independence as a state.

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    14 October 2024, 1:00 pm
  • 15 minutes 53 seconds
    How Elections Damage the Economy

    2024 is set to be the biggest election year ever, with nearly half the world's population heading to the polls! While democracy is generally a good thing, elections can create turmoil in economies, adding uncertainty to everything from trade to taxes. In this video, we dive into how elections can disrupt national economies, the real costs of political uncertainty, and whether we can minimize these economic disturbances for smoother transitions of power.

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    7 October 2024, 3:43 pm
  • 17 minutes 4 seconds
    Egypt's Wasted Potential

    Once a powerhouse of the ancient world, Egypt today faces a range of internal and external challenges that are holding it back from becoming a major global economic force. With its prime location between Europe, Africa, and the Middle East, and control of the critical Suez Canal, Egypt has all the ingredients to be a top 10 global economy—but what’s standing in the way?

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    30 September 2024, 1:00 pm
  • 16 minutes 39 seconds
    Does Switzerland Deserve to Be the Richest Economy in the World?

    Switzerland is often seen as an economic powerhouse with immense wealth, luxury exports, and a prestigious financial sector. But what’s behind its global reputation? In this video, we explore how Switzerland developed its world-leading industries and whether this success benefits the average Swiss citizen. We also look at potential challenges to its economic dominance and what happens when a country’s reputation becomes a double-edged sword.

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    23 September 2024, 1:00 pm
  • 15 minutes 45 seconds
    How Chinese Industry Got Too Good Too Fast

    For decades, China was the go-to for low-cost manufacturing, but now it's a global leader in advanced industries. How did China leapfrog the competition, and what does this mean for the global economy? We explore the rapid rise of Chinese industry and its implications for the future.

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    13 September 2024, 1:00 pm
  • 16 minutes 4 seconds
    Has The Gulf Mega Finance Experiment Failed?

    Exploring the incredible transformation of the Persian Gulf from a collection of small fishing villages to the global epicenter of oil-fueled opulence. Cities like Dubai, Abu Dhabi, and Riyadh have risen from the sands with grand visions of becoming world-class business and tourist destinations. But is this meteoric rise sustainable, or just a facade built on dwindling oil reserves? We delve into the ambitious projects, the looming challenges, and the critical question of what happens when the oil runs out. Will these cities thrive in a post-oil world, or are they destined to become relics of a forgotten boom?







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    6 September 2024, 1:00 pm
  • 17 minutes
    Could Thailand Reshape Asia Despite Its Chronic Instability?

    Thailand has faced decades of political turmoil, but its economy has continued to grow, defying the odds. Strategically located and driven by strong industries, Thailand has managed to navigate through coups and crises. However, with ongoing challenges, can Thailand continue its upward trajectory and secure its place as a leading economy in Southeast Asia?

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    26 August 2024, 1:00 pm
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