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South Korea, a highly-developed and wealthy economy that epitomizes the story of a modern Asian nation, has made the transition from a very poor to very rich in less than one life's generation.
Today, the nation is a glistening beacon of technological innovation that leads the world in highly productive and profitable industries.
In this episode, we'll explore how South Korea proves how solid economic management is far more important than natural resources in determining a country's destiny.
Trillion-dollar mega corporations are a very big deal these days. Only about 2 or 3 exist in the modern world and they're primarily tech companies that have achieved this status by capitalizing on cutting edge modern technology (and probably a bit of optimistic speculation). But there is one corporation that has snaked its way through history and may have very well been the largest corporation in history.
This was a company that laid the foundations for modern multinationals and created systems, procedures, and expectations that we take for granted today.
This is Greece, a fantastic European Mediterranian nation that has been famed in recent years for its not so fantastic economy.
Greece in the 21st century looks like many other middle-of-the-road developed economies, it has had and still does have a lot of things going for it, it has a huge tourism industry, one of the largest per capita in the world, and its exotic islands and ancient landmarks still attract millions every year bringing with them all those wonderful tourist dollars. In this video, we explore how a once healthy nation got everything so wrong.
This is the United States of America today: The largest most powerful economy to ever exist in history. In previous episodes, we have explored how the economy of the USA has developed from a British colony into an industrial powerhouse that rose to the position of power that it occupies today.
Which brings us to America in the 21st century. When a lot of people think of powerful economies they'll imagine huge factories, shipping ports, plentiful farmland, and powerful investment banks. But, in reality, what keeps the world spinning is simply debt and demand.
The Philippines, a beautiful tropical archipelago of islands that forms one of the most important economies in the world today. This nation often flies under the radar as a quiet achiever but it is both interesting and important to understand because it may be the quintessential 21st-century growth nation, and that is not to say it is some super modern nation from the future, but rather it is to say that the story of the success and failures of the Philippines is by extension the story of the world today as more and more countries, modernize, embrace technology, trade internationally and bring their citizens into the global middle class.
China has come along way.
As of the time of this writing, the communist country is the second-largest economy in the world and looks poised to reclaim its title as the world's largest economy within the next century.
So without further ado, let's explore modern-day china and see how it has transformed from a half-crippled state into the economic superpower we know today.
Jeff Bezos and Bill Gates, two gentlemen fighting back and forth for the title of world richest man. These two individuals seem very very similar, for starters, of course, they are both billionaires, an elite worldwide club with around 2 and a half thousand members, they are both white, male tech entrepreneurs, from the united states, and even more specifically from Seattle, and even more specifically their primary residence is in Medina a same small town just outside of Seattle. So it looks like these two are pretty similar, but in reality, their fortunes couldn’t be more different.
The Wuhan Coronavirus, the active impeachment of a sitting US president, an earthquake and volcanic eruption in the Philippines, floods in Indonesia, the death of Kobe Bryant, magnitude 7.7 earthquakes in the Caribbean and even my homeland down under has been on fire and then buried in ice and then on fire again so yeah the first month of 2020 is really trying its best to kill us all I guess what we are here for is to explore what all of these things mean to an economy both at a local and global level.
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