Archive for the ‘International economics’ Category

North Korea’s Capitalists   Leave a comment

This photo taken on July 28, 2013 shows customers shopping at a supermarket in Pyongyang. Chinese yuan, US dollars, euros and tea bags. Money can come in many forms in North Korea, but as a foreign visitor you'll probably never even see a local banknote, let alone use one. AFP PHOTO / Ed Jones (Photo credit should read Ed Jones/AFP/Getty Images)Link: http://www.npr.org/sections/money/2017/10/13/557645729/episode-800-north-koreas-capitalists?utm_term=nprnews&utm_content=bufferffd48&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Summary: Learn about a little group in North Korea, called the ‘donju.’ The economic prosperity that they developed went on to support the country’s nuclear program and contributed to the growth of their economy. This was all made possible when Kim Jong Un began allowing consultants from overseas to educate  North Korean entrepreneurs on accounting, trade, and management. They did this without daring to actually call it a spread of capitalism, as North Korea still remains a strict socialist country.

Original Air Date: October 13, 2017

Length: 24 minutes 25 seconds

Discussion prompt (1): Having listened to this podcast, what type of economic system do you think North Korea has? What impact do you think this system has on people, businesses and the government. Use specific examples from the podcast to support your answer.

Discussion Prompt (2): The podcast points out that in N Korea’s economic system “the state technically owns everything.” How does this impact the ‘Donju’?  Think particularly how it impacts the incentives they face to start and grow a business (contributing to economic development).

Discussion Prompt (3): Why would entrepreneurship not be something typically observed in a Centrally Planned/Socialist country? How are the economic incentives of this system related to this lack of entrepreneurship? According to this podcast, how did the economic actions of the Donju contribute to economic growth in N. Korea?

 

A warning for parched China: a city runs out of water   Leave a comment

Link: http://www.marketplace.org/2016/04/21/world/warning-parched-china-city-runs-out-water

Summary: A northern city in China has run out of water, increasing pressure between the government and it’s constituents. Marketplace explores this multifaceted issue in regards to the future of China’s economic development.

Original Air Date: April 25, 2016

Length: 7 minutes 2 seconds

Pub In A Box   Leave a comment

tigin-irish-pub-jfk7-495327b4eee1022a05b5beafa9f476a3da8fb717-s1600-c85.jfifLink: http://www.npr.org/sections/money/2017/04/12/523653040/episode-764-pub-in-a-box

Summary: Irish Pubs are everywhere, even in places like Hong Kong and the Ivory Coast.  One architecture student from Ireland, Mel McNally, began selling the Irish Pub to other areas.  Planet Money discusses how the Irish Pub is shipped in a box all over the world, and people will flock to it.

Original Air Date: April 12, 2017

Length: 17 minutes 19 seconds

Discussion Question: Who are Mel’s competitors in the market if he has control of the Irish Pub concept? What is the market structure?

The New Telenovela   Leave a comment

gettyimages-504836746-ea8d257763bce36146e899d1f63c818e35cd4893-s1600-c85-jfifLink: http://www.npr.org/sections/money/2016/08/31/492123182/episode-722-the-new-telenovela

Summary: The fourth most watched network in the United States is Telemundo, partly because of its widely successful Telenovelas.  Planet Money discusses how one Telenovela changed TV, implemented strong women characters and had a connection to the Mexican drug ring that helped bring down the infamous El Chapo.

Original Air Date: August 31, 2016

Length: 20 minutes 32 seconds

Oil pushes out Venezuela’s agriculture   Leave a comment

Link: http://www.marketplace.org/2016/04/18/world/resource-curse/venezuela-ranchers

Summary: Venezuela’s oil dependent economy imports nearly 80% of its food, which is particularly worrisome  when oil prices are at an all time low.

Original Air Date: April 18, 2016

Length: 4 minutes 46 seconds

The Zoo Economy   Leave a comment

nocontestelephants-a8bada5851a464dbde9a4c9ba2c427149ae0c531-s1600-c85-jfifLink:   http://www.npr.org/sections/money/2016/09/09/493295430/episode-566-the-zoo-economy

Summary: Due to regulations and animal cruelty, the market for animals has almost disappeared over the years.  Planet Money discusses how zoos and aquariums use different methods to get their animals without having to pay a single dollar and avoiding a PR disaster.

Original Air Date: September 9, 2016

Length: 17 minutes 22 seconds

This visa program is a path to citizenship for the rich   Leave a comment

Link: http://www.marketplace.org/2016/03/16/business/eb5-visas

Summary: Marketplace analyzes the EB-5 visa program which allows wealthy foreign investors to secure American citizenship, only if investors are willing to invest at least a half a million dollars in the United States.

Original Air Date: April 18, 2016

Length: 2 minutes 29 seconds