Archive for the ‘Developing economies’ Category

Fixing the World, Bang-For-The-Buck Edition: A New Freakonomics Radio Podcast   Leave a comment


Summary: Return on Investment (ROI) analyzes at the most efficient way to spend money. An example given is the difference between curing malaria and HIV/AIDS. To cure malaria, it would cost about $1,000 per person, while it would cost ten times that to cure HIV/AIDS, and it is decided that they would rather save 10 people from malaria before they save one from HIV/AIDS.  The United Nations, with their Millennium Development Goals coming to a close, will be looking to set new goals in 2015, to be completed by 2030. One of the issued they will focus on is how they are setting goals, and how to be more efficient with the help of the Return on Investment analysis.

Original Air Date: October 2, 2014

Length: 43 minutes 34 seconds

Prompt / Discussion: You are a member of the United Nations, and are put in charge of coming up with new development goals for 2015. You have $100 billion to invest in various development aid. Discuss how you would prioritize between an important, expensive goal (such as getting all kids into school, which was one of the Millennium Development Goals), and something that might not be seen as highly important, but cost effective.

The Charity That Just Gives People Money   Leave a comment

Bernard Omondi got $1,000 from GiveDirectly.Link:

Summary: The GiveDirectly charity gives money to the poor and asks for nothing in return. The Planet Money team takes a quick look at this strategy.

Original Air Date: August 16, 2013

Length: 6 minutes 12 seconds

Prompt: Make a list of pros and cons for this strategy of aid to developing regions of the world.

The Boom-and-Bust Story of a Crop Called Guar   Leave a comment


Summary: Guar is a small bean, and it had a recent rise and fall in the marketplace. Besides being an additive to thicken many foods, it’s also used in fracking. When fracking took off, the price of guar rose. As the price increased, Texas farmers started growing a lot of it, until Pakistan and India–which grow 98% of the guar combined–caught up to the demand. As a result, oil companies stopped hoarding it, and the prices dropped. The Texas farmers were left without buyers, and caused a chain reaction of bankruptcy.

Original Air Date: October 9, 2014

Length: 2 minutes 47 seconds

Rule Breakers   Leave a comment

rule breakersLink:

Summary: Planet Money presents three stories that revolve around the theme of ‘Rule Breaking.’ This three episode mash-up considers how people in Indonesia navigate  horrendous traffic, how the U.S. illegally subsidizes cotton farmers and how banks decide to accumulate huge risks.

Original Air Date: January 22, 2014

Length: 16 min

For Ethiopian Women, Construction Jobs Offer A Better Life   Leave a comment


Summary: Discusses the impacts on women and on various markets in Ethiopia as women enter the construction industry.  Example of gender pay gap.

Length: 7:49 min

Original air date: August 7, 2013

Posted August 12, 2013 by audioecon in Developing economies, Labor market economics, Shortage

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Bangladesh’s T-shirt Economy   Leave a comment

bangladesh tshirtLink:

Summary: In the context of its t-shirt project (see tags) Planet Money considers whether or not producing t-shirts in Bangladesh is helpful to the country’s economy and people.  This debate follows the tragedies in the garment industry in Bangladesh in 2012-2013. Features an interview with a woman who was worker in a garment factory in Bangladesh in the late 90s, and is now a labor activist, and a discussion of the role of garment manufacturing in the economic development of many countries.

Length: 16:48

Original air date: May 14, 2013

Myanmar Opens Up   Leave a comment


Summary: Planet Money explores the challenges of businesses entering a newly open economy.  An entrepreneur faces first-mover challenges common to developing countries, including lacking financial and telecommunications infrastructure.  An executive from Coca-Cola revisits the company’s history as the company introduces Coke to a new audience and challenges its reputation as a luxury good.

Length: 18:39

Original air date June 11, 2013