Afleveringen
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After decades of double-digit growth, China's economy has been expanding at less than half that since the pandemic. A property market crash, youth unemployment and now a trade war with the US are all adding to the country’s woes. So has the Chinese juggernaut finally run out of gas? Martin Wolf speaks to Keyu Jin, a Chinese economist who has lived and worked most of her life in the US and UK, and is currently a professor with the Hong Kong University of Science and Technology, as well as at Harvard. She says that China remains widely misunderstood in the west.
Martin Wolf is chief economics commentator at the Financial Times. You can find his column here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Presented by Martin Wolf. Produced by Laurence Knight. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The world economy is emitting carbon dioxide faster than ever before, meaning our planet is heating up faster than ever before. Martin Wolf speaks to someone who has spent much of the past two decades at the forefront of the climate debate. Lord Adair Turner chairs the Energy Transitions Commission, a think-tank focused on climate mitigation, and was previously the first chair of the UK government’s committee on climate change in 2008-12. While he fears that US President Donald Trump will act as a drag anchor on international progress in cutting emissions, he believes the EU and China can strike a deal to help the whole world transition to cheap renewable energy.
Martin Wolf is chief economics commentator at the Financial Times. You can find his column here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Presented by Martin Wolf. Produced by Laurence Knight. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Zijn er afleveringen die ontbreken?
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US President Donald Trump has frozen all foreign aid payments, while Elon Musk is putting America’s biggest development agency, USAID, “through the woodchipper”. Meanwhile, the UK government has just announced it will slash its aid budget from 0.5% to 0.3% of GDP. So are the days of generous programmes to promote health and education in the poorest nations now over? And should we fear that rising authoritarian powers, most notably China, are stepping into the breach with their own funds and parallel institutions? In an interview recorded just before the UK’s announcement, Alan Beattie speaks to economist Minouche Shafik, who is a veteran of the international development scene. She has worked at the World Bank, IMF, and the UK’s Department for International Development. And she is not optimistic.
Alan writes the Trade Secrets newsletter. You can sign up here. He is on Bluesky at @alanbeattie.bsky.social.
Subscribe on Apple, Spotify, Pocket Casts or wherever you listen.
Presented by Alan Beattie. Produced by Laurence Knight. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Donald Trump’s tariffs are a twentieth century tool that simply won’t work in the 21st century global trading system. That’s the view of today’s guest, Richard Baldwin, professor of international economics at the IMD Business School in Lausanne, Switzerland. Speaking to the FT’s Martin Wolf, Baldwin explains how the shift towards global manufacturing supply chains since the 1990s, and the more recent explosion in digital services exports, mean that the impact of across-the-board import taxes such as the ones proposed by the new US administration will be counterproductive and much more limited than in the past. Nonetheless, should we still worry about the harm that Trump’s policies may be doing to the global trading system, and how should other countries respond?
Martin Wolf is chief economics commentator at the Financial Times. You can find his column here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Birth rates are falling fast and not just in highly developed countries. And as populations age, it’s becoming harder to fund pensions or raise labour productivity. But falling fertility could also be harming social cohesion and impeding the innovation needed to solve problems such as climate change. Today on the show, John Burn-Murdoch talks to Alice Evans, a senior lecturer at King’s College, London, and the author of the newsletter, The Great Gender Divergence. Together, they try to figure out why fewer people are choosing to have children, or even coupling up in the first place, and what should be done about it.
John Burn-Murdoch writes a column each week for the Financial Times. You can find it here
Subscribe on Apple, Spotify, Pocket Casts or wherever you listen.
Presented by John Burn-Murdoch. Produced by Edith Rousselot. The editor is Bryant Urstadt. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The war in Ukraine is a humanitarian crisis. It is also an economic problem. Sanctions from the US and Europe are meant to make war too expensive for Russia to continue. President Vladimir Putin claims those sanctions have failed and his economy is strong. But what is propaganda and what is reality? Today on the show, host Martin Sandbu poses these questions to Sergei Guriev, dean of the London Business School, and an economic adviser to Russian opposition figures, as they try to figure out what is really going on in Russia’s economy.
Martin Sandbu is a columnist for the Financial Times, and writes the Free Lunch newsletter. You can find it here: https://www.ft.com/free-lunch.
Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
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Productivity growth in the developed world has been on a downward trend since the 1960s. Meanwhile, gains in life expectancy have also slowed. And yet the number of dollars and researchers dedicated to R&D grows every year. In today’s episode, the FT’s Chief Data Reporter, John Burn-Murdoch, asks whether western culture has lost its previous focus on human progress and become too risk-averse, or whether the problem is simply that the low-hanging fruit of scientific research has already been plucked. He does so in conversation with innovation economist Matt Clancy, who is the author of the New Things Under the Sun blog, and a research fellow at Open Philanthropy, a non-profit foundation based in San Francisco that provides research grants.
John Burn-Murdoch writes a column each week for the Financial Times. You can find it here
Subscribe on Apple, Spotify, Pocket Casts or wherever you listen.
Presented by John Burn-Murdoch. Produced by Edith Rousselot. The editor is Bryant Urstadt. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Tariffs have historically been an important tool of industrial policy. They were used in the last century by east Asian nations to promote infant industries, and are being used today by the EU to help spur the energy transition. But do Donald Trump’s threats to impose a 25% across-the-board tariff on imports from Canada and Mexico, or his actual 10% tax rise on all imports from China, have any kind of thought-out policy rationale behind them? And should other countries respond in kind?
To find out, the FT’s European economics commentator Martin Sandbu speaks to Dani Rodrik, professor of international political economy at Harvard. Rodrik is one of the world’s most acclaimed experts on industrial policy, and someone Martin first got to know as a PhD student in the 1990s.
Martin Sandbu writes a regular column for the Financial Times. You can find it here
Subscribe on Apple, Spotify, Pocket Casts or wherever you listen.
Presented by Martin Sandbu. Produced by Laurence Knight and Edith Rousselot. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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In an interview recorded before President Trump hit China, Mexico and Canada with steep tariffs that disrupt the global trading system, Ngozi Okonjo-Iweala, the director-general of the World Trade Organisation, speaks to the FT’s Senior Trade Writer, Alan Beattie, and defends her record and the WTO’s achievements. She outlines how she hopes to engage with the new US administration and how globalisation has been remarkably resilient despite shocks such as the Covid-19 pandemic and the rise of US protectionism in Trump's first term and under former president Joe Biden.
Alan writes the Trade Secrets newsletter. You can sign up here. He is on Bluesky at @alanbeattie.bsky.social.
Subscribe on Apple, Spotify, Pocket Casts or wherever you listen.
Presented by Alan Beattie. Produced by Laurence Knight. The editor is Bryant Urstadt. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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India is the world’s most populous nation, and since the 1990s it has maintained almost Chinese levels of rapid economic growth. Prime Minister Narendra Modi aims to make India a high income country and, by implication, an economic superpower by 2047. But is that achievable? This week’s guest, Arvind Subramanian, is a former chief economic adviser to Modi’s government. He is sceptical that the necessary growth rate can be sustained. Instead, he tells Martin Wolf how he thinks the government has scared off the necessary business investment, and how a serious miscalculation by the country’s central bank may be about to plunge India into a currency crisis.
Martin Wolf is chief economics commentator at the Financial Times. You can find his column here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Sam Fleming is the FT’s Economics Editor, and this week he is reporting from the World Economic Forum at Davos, where much of the talk is about protectionism and industrial policy. Today on the show, Sam speaks to Beata Javorcik, the chief economist of the European Bank for Reconstruction and Development. They discuss the history of industrial policy -- and what it takes to get it right.
Subscribe to The Economics show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
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Doug Irwin is a professor at Dartmouth College and the author of several books on trade. Today on The Economics Show, he joins the FT’s Senior Trade Writer Alan Beattie to discuss the history of tariffs in the US, and what that history might tell us about the next round of tariffs.
Alan writes the Trade Secrets newsletter. You can sign up here. He is on Bluesky at @alanbeattie.bsky.social.
Subscribe on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Increasingly elderly populations seen in countries such as Japan and Italy are set to become the norm everywhere in the coming decades. But will a more senior demographic make the cost of state pensions and healthcare unaffordable? And will it kill economic growth? Not necessarily so, according to today’s guest, Andrew J Scott, director of economics at the Ellison Institute of Technology Oxford. He believes that the rapidly growing cohort of over-65s is something to celebrate. But he also warns that we need to radically rethink many of the policies that delivered this widespread longevity in the first place.
Martin Wolf is chief economics commentator at the Financial Times. You can find his column here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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In 1962, then US president John F Kennedy committed his nation to reaching the Moon before the decade was up. It was a huge undertaking, but one that ultimately succeeded, and also produced technologies such as camera phones and baby formula along the way. But have governments today lost the confidence and knowhow needed to undertake such ambitious challenges? That’s the contention of today’s guest, Mariana Mazzucato, professor in the economics of innovation and public value at University College London. She believes states need to rediscover mission-purpose and take the lead in solving problems such as climate change, pandemics or water scarcity.
Martin Wolf is chief economics commentator at the Financial Times. You can find his column here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The Eurozone’s economic recovery from Covid-19 has been anaemic compared with America’s, despite achieving a soft landing from double-digit inflation. Indeed, Europe’s relative underperformance stretches back even longer, perhaps 30 years, in terms of productivity and GDP growth. Christine Lagarde, president of the European Central Bank, gives her assessment of the past few turbulent years of monetary policy and explains what she thinks Europe needs to do next if it is to close the gap with the US. She also gives her view on how the EU can negotiate its way out from between the rock of the incoming Trump administration and the hard place of another Chinese export glut.
Martin Wolf is chief economics commentator at the Financial Times. You can find his column here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Mass immigration is demographically essential but politically impossible – so argues Lant Pritchett, development economist and visiting professor at the London School of Economics. As populations age in the rich developed countries, immigrant workers will be needed to help with the burden of providing for the elderly. Removing the barriers might also be the quickest way to raise living standards for people in the developing world. But doing so would require swimming against a rising tide of anti-immigrant populism. Pritchett thinks he has a solution – allowing immigrants to come and work temporarily on strictly time-limited contracts. But does his idea stand up to scrutiny?
Martin Wolf is chief economics commentator at the Financial Times. You can find his column here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The US has just overcome one abrupt spike in inflation, which may have cost Kamala Harris her bid for the presidency. But now President-elect Donald Trump’s policy agenda threatens to cause another one. That’s according to Larry Summers, the former US Treasury Secretary and President Emeritus of Harvard University. He speaks to the FT’s Martin Wolf – who is standing in for Soumaya Keynes while she is on maternity leave – about the risks to economic stability posed by Trump’s proposed tax cuts, trade tariffs and mass expulsion of illegal immigrants, as well as his threats to the rule of law.
Martin Wolf is chief economics commentator at the Financial Times. You can find his column here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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It’s a treacherous time for the Eurozone. Inflation is falling, yes, but at the same time signs of real economic weakness are growing. And there are risks on the horizon, from rising debt to trade wars to real wars. It’s a perfect time to speak to our guest Philip Lane, chief economist of the ECB and a member of its executive board. And this week we have a co-host as well, Frankfurt bureau chief and ECB correspondent Olaf Storbeck.
For Philip Lane’s recent speech on monetary policy uncertainty, see here
Soumaya Keynes writes a column each week for the Financial Times. You can find it here
Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The UK is lagging behind its peers in the Eurozone. Its per capita GDP trails that of France and Germany, and yet its housing and energy is scarcer and more expensive. A recent essay by Sam Bowman, co-authored with Ben Southwood and Samuel Hughes, argues that Britain has struggled over the past 15 years because it has “banned the investment in housing, transport and energy that it most vitally needs.” Sam Bowman is a founding editor of Works in Progress, has served as director of competition policy at the International Center for Law & Economics and as executive director of the Adam Smith Institute. Today on the show, we ask him if Britain’s failure to launch is really a failure to build.
Soumaya Keynes writes a column each week for the Financial Times. You can find it here
Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Politicians on both sides of the Atlantic are having heated conversations about whether or not governments can be made more efficient. The results include two new agencies, Elon Musk’s ad hoc Department of Government Efficiency, and Labour’s Office for Value for Money. But when it comes to improving public services, the challenges are neither new, nor easy to navigate. This week, we are asking how to make the government more efficient. And we’re asking the UK’s former chancellor of the exchequer, Jeremy Hunt.
Soumaya Keynes writes a column each week for the Financial Times. You can find it here
Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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