The Unexpected Reality of Small Economies | Marginal Babble Ep.36 with Professor Robert Read

The Unexpected Reality of Small Economies | Marginal Babble Ep.36 with Professor Robert Read

Small economies often defy expectations, thriving despite limited resources and geographic challenges. This episode explores their surprising resilience and unique strategies, revealing lessons that could transform larger nations' approaches to growth. Discover how globalization, digital trade, and strategic specialization propel these nations to success, and learn about their governance agility and stability.   Despite facing global shocks, many small economies have shown remarkable resilience. Join us for insights from development economist Robert Read, as we uncover the real drivers of economic success and the future of small nations.   Professor Robert Read: https://www.lancaster.ac.uk/lums/people/robert-read [https://www.lancaster.ac.uk/lums/people/robert-read]   “Growth volatility and resilience in small economies: The impacts of the 2008 financial crisis and the Covid-19 pandemic”: https://www.taylorfrancis.com/chapters/edit/10.4324/9781032703893-5/growth-volatility-resilience-small-economies-harvey-armstrong-robert-read [https://www.taylorfrancis.com/chapters/edit/10.4324/9781032703893-5/growth-volatility-resilience-small-economies-harvey-armstrong-robert-read]   Timestamps: 00:00: Intro 00:39: Why Study Small Economies? 08:06: What is a Small Economy? 14:29: Robert’s Research 26:18: Why Have Small Economies Been Successful? 35:50: Are Natural Resources a Curse? 43:57: Why Have Large Economies Done Badly? 49:50: Economic Policy & Money in Small Economies 59:42: Strong Small Economies During Financial Crisis 01:05:34: Lessons for Small Economies 01:14:52: Climate Change Impacts on Small Economies 01:17:15: Future Research on Small Economies & Takeaways   Socials: TikTok: https://www.tiktok.com/@marginalbabble [https://www.tiktok.com/@marginalbabble] Instagram: https://www.instagram.com/marginalbabble/ [https://www.instagram.com/marginalbabble/] X: https://x.com/marginalbabble [https://x.com/marginalbabble] Bluesky: https://bsky.app/profile/marginalbabble.bsky.social/ [https://bsky.app/profile/marginalbabble.bsky.social/] Website: https://marginalbabble.co.uk/ [https://marginalbabble.co.uk/]

Can Political Quotas Improve Governance? | Marginal Babble Ep.35 with Professor Patrick Francois

Most countries focus on the political virtues of representation, but what if quotas actually change the quality of governance? I sit down with Professor Patrick Francois to uncover how strategic use of political quotas, especially in India, can break the grip of identity-driven politics and elevate governance standards. As ever, please like and subscribe if you enjoy! 😊   Professor Patrick Francois: https://economics.ubc.ca/profile/patrick-francois/ [https://economics.ubc.ca/profile/patrick-francois/]   ‘Reservations and the politics of fear’: https://www.sciencedirect.com/science/article/abs/pii/S0047272723001457 [https://www.sciencedirect.com/science/article/abs/pii/S0047272723001457]   Timestamps: 00:00: Intro 00:42: What are Political Quotas? 02:42: Political Quotas in India 08:25: Are Political Quotas D.E.I? 13:50: How Common are Political Quotas? 16:57: Political Quotas & Socialism 23:37: Patrick’s Research & the ‘Politics of Fear’ 32:48: How Political Quotas Improve Governance 37:08: Are Political Quotas Needed in Strong Liberal Democracies? 44:03: How Do You Measure Governance Quality? 51:34: Are Political Quotas Pragmatic to Implement? 58:17: Future Research to Build Upon Patrick’s Findings   Socials: TikTok: https://www.tiktok.com/@marginalbabble [https://www.tiktok.com/@marginalbabble] Instagram: https://www.instagram.com/marginalbabble/ [https://www.instagram.com/marginalbabble/] X: https://x.com/marginalbabble [https://x.com/marginalbabble] Bluesky: https://bsky.app/profile/marginalbabble.bsky.social/ [https://bsky.app/profile/marginalbabble.bsky.social/] Website: https://marginalbabble.co.uk/ [https://marginalbabble.co.uk/]

Understanding Environmental Economics | Marginal Babble Ep.34 with Professor Nicholas Hanley

#environmentalecnomics #carbontaxes #environment #climatechange Max sits down with Professor Nicholas Hanley to learn about the field of environmental economics, its goals and the challenges of measuring environmental impacts from economic activities. They discover how effective policy is designed for promoting positive environmental actions while managing negative externalities, in addition to the common mechanisms governments implement to meet these objectives. Professor Nick Hanley: https://www.gla.ac.uk/schools/bohvm/staff/nicholashanley/ [https://www.gla.ac.uk/schools/bohvm/staff/nicholashanley/]   Environmental economics in theory and practice: https://www.amazon.co.uk/Environmental-Economics-Practice-Nick-Hanley/dp/033397137X/ref=books_amazonstores_desktop_mfs_aufs_ap_sc_dsk_0?_encoding=UTF8&pd_rd_w=eSt37&content-id=amzn1.sym.f9a1288a-66fe-4587-95f9-1387021c317b&pf_rd_p=f9a1288a-66fe-4587-95f9-1387021c317b&pf_rd_r=262-2263400-8564258&pd_rd_wg=XTeJ4&pd_rd_r=e1c917de-3283-492d-a6cc-6af32f222b23 [https://www.amazon.co.uk/Environmental-Economics-Practice-Nick-Hanley/dp/033397137X/ref=books_amazonstores_desktop_mfs_aufs_ap_sc_dsk_0?_encoding=UTF8&pd_rd_w=eSt37&content-id=amzn1.sym.f9a1288a-66fe-4587-95f9-1387021c317b&pf_rd_p=f9a1288a-66fe-4587-95f9-1387021c317b&pf_rd_r=262-2263400-8564258&pd_rd_wg=XTeJ4&pd_rd_r=e1c917de-3283-492d-a6cc-6af32f222b23]   Timestamps: 00:00: Intro 00:43: What Are the Goals of Environmental Economics 06:32: Types of Environmental Economics Policy 10:06: Tradeable Permit Schemes 23:36: Carbon & Other Environmental Taxes 29:51: How to Design Environmental Policies with the Right Incentives 39:24: How Behavioural Economics Factors into Environmental Economics 47:29: Biggest Changes in Environmental Economics in Nick’s Career   Socials: TikTok: https://www.tiktok.com/@marginalbabble [https://www.tiktok.com/@marginalbabble] Instagram: https://www.instagram.com/marginalbabble/ [https://www.instagram.com/marginalbabble/] X: https://x.com/marginalbabble [https://x.com/marginalbabble] Bluesky: https://bsky.app/profile/marginalbabble.bsky.social/ [https://bsky.app/profile/marginalbabble.bsky.social/] Website: https://marginalbabble.co.uk/ [https://marginalbabble.co.uk/]

Consequences of the Opioid Epidemic | Marginal Babble Ep.33 with Professor Carolina Arteaga Cabrales

#opioidepidemic #pharmaceuticalindustry #addiction #publichealth #USpolitics #PurduePharma #fentanyl #drugpolicy #healthcarecorruption #politicalinfluence   Max and Professor Carolina Arteaga Cabrales explore the origins, impact, and political consequences of the opioid epidemic in North America, related pharmaceutical industry practices, regulatory failures and societal effects.   Professor Carolina Arteaga Cabrales: https://www.carolinaarteaga.com/ [https://www.carolinaarteaga.com/]   ‘Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic’: https://www.nber.org/papers/w33904 [https://www.nber.org/papers/w33904]   Timestamps: 00:00: Intro 00:37: The Opioid Epidemic & How it Occurred 15:53: Purdue Pharma Lawsuit 17:46: Carolina’s Research 32:15: Political Effects of the Opioid Epidemic 40:39: Decriminalisation of Drug Programmes 46:37: Would Other Health Shocks Cause the Same Effects? 51:03: Did Republican’s Campaign on the Opioid Epidemic? 54:52: Future Impacts of the Opioid Epidemic 57:40: Future Research Carolina Would Like to See   Socials: TikTok: https://www.tiktok.com/@marginalbabble [https://www.tiktok.com/@marginalbabble] Instagram: https://www.instagram.com/marginalbabble/ [https://www.instagram.com/marginalbabble/] X: https://x.com/marginalbabble [https://x.com/marginalbabble] Bluesky: https://bsky.app/profile/marginalbabble.bsky.social/ [https://bsky.app/profile/marginalbabble.bsky.social/] Website: https://marginalbabble.co.uk/ [https://marginalbabble.co.uk/]

The Economic History of India | Marginal Babble Ep.32 with Professor Tirthankar Roy

In this episode, Max and Professor Tirthankar Roy discuss India's economic history, focusing on trade and commerce from  antiquity right up to the modern day. It is a journey through regional economies, the role of ports, the impact of the caste system, British colonization and post-independence industrialization.   India in the World Economy: From Antiquity to the Present Cambridge University Press: https://www.cambridge.org/core/books/india-in-the-world-economy/9079E07A2697FB6A122BEBFE3CC6FA13 [https://www.cambridge.org/core/books/india-in-the-world-economy/9079E07A2697FB6A122BEBFE3CC6FA13] Amazon: https://www.amazon.co.uk/India-World-Economy-Antiquity-Approaches/dp/110740147X [https://www.amazon.co.uk/India-World-Economy-Antiquity-Approaches/dp/110740147X]   Professor Tirthankar Roy https://www.lse.ac.uk/people/tirthankar-roy [https://www.lse.ac.uk/people/tirthankar-roy]   Timestamps 00:00: Intro 00:39: India’s Economy (Antiquity to 1200) 12:04: Sources for Indian Economic History 15:46: An Agricultural Economy 20:28: Climate/Droughts 25:50: Caste Economics 32:11: Mughal Empires (1200 to 1600) 36:26: European Settlements/Traders (1600 to 1800) 41:59: The British Raj 53:08: Indian Socialism (1940’s to 1990’s) 59:04: Religion & Commerce 01:05:25: Future of the Indian Economy   Socials TikTok: https://www.tiktok.com/@marginalbabble [https://www.tiktok.com/@marginalbabble] Instagram: https://www.instagram.com/marginalbabble/ [https://www.instagram.com/marginalbabble/] X: https://x.com/marginalbabble [https://x.com/marginalbabble] Bluesky: https://bsky.app/profile/marginalbabble.bsky.social/ [https://bsky.app/profile/marginalbabble.bsky.social/] Website: https://marginalbabble.co.uk/ [https://marginalbabble.co.uk/]