North Korea began as a Stalinist society oriented around heavy industry and manufacturing. In this week’s episode, Marcus Noland of the Peterson Institute for International Economics talks with Matt Klein about how the country’s economy has changed over time.
Ricardo Hausmann speaks with us about the macroeconomic and humanitarian catastrophe in Venezuela. Hausmann is the Director of the Center for International Development at Harvard, where he also runs the Growth Lab. The topics we cover in the chat include an overview of Venezuelan history since the 1950s, the state’s reliance on oil, the specific policies enacted by Hugo Chavez that are responsible for the current disaster, his own antagonistic relationship with the Venezuelan government, the bleak prospects for the country’s future, and the fate of its debt. Some of the articles we referenced, with links embedded:
Our guest this week is Mary Waters, a Harvard sociologist who chaired the committee appointed by the National Academies of Sciences, Engineering & Medicine to investigate the integration of immigrants into American society. She also edited the wonderfully detailed report published by the committee in September 2015. You can view a summary of the report here, and we’ll publish a transcript of the chat as soon as it’s ready. Enjoy!
This week, the FT’s US markets editor Robin Wigglesworth interviews sovereign debt experts Lee Buchheit and Mitu Gulati about their recent paper, How to Restructure Venezuelan Debt, after starting the show with a brief update on the ongoing economic and humanitarian catastrophe in Venezuela. As further reading and listening, Robin also recommends Part 1 and Part 2 of a series by Anna Gelpern, a recent special report from Reuters, and his own sovereign debt series: Part 1, Part 2, Part 3, and Part 4.