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Explore the intricate evolution of Russia's economy, from Tsarist infrastructure to Soviet command systems to Russia’s modern-day challenges. Economist Richard Ericson delves into the sustainability of Russia's resource-driven growth, the impact of geopolitical tensions, and the looming risks of its current economic model. This episode offers a rare glimpse into the forces shaping one of the world's most consequential nations, perfect for those interested in geopolitics and economic resilience.

Professor Richard Ericson:
https://scholar.google.com/citations?user=UOLZdsYAAAAJ&hl=en

“The Classical Soviet-Type Economy: Nature of the System and Implications for Reform”:

https://www.aeaweb.org/articles?id=10.1257/jep.5.4.11

Timestamps:

00:00: Intro

00:41: Context for the Russian Economy of Today

02:29: Soviet Era Economics

14:36: Structure of the Soviet System

18:21: Soviet Economy: Comparisons to Other Economies

25:05: Imperial (Tsarist) Russian Economy

30:17: Transition to Communism

38:26: What People Misunderstand About the Soviet Union

41:48: Collapse of the Soviet Union

48:50: The Modern Russian Economy

56:35: Russian Economy too Resource Dependent?

59:30: Wartime Economy (Ukraine War)

01:10:30: The Future of the Russian Economy

01:16:24: Richard’s Final Thoughts

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In this episode, we explore the impact of trade openness on India's economy with economist Pavel Chakraborty. Discover how Chinese imports have lowered prices but challenged Indian firms' profits. Learn about the effects of tariffs, the role of India's manufacturing sector, and the strategic implications for future growth. Perfect for those interested in trade policy and economic development

Professor Pavel Chakraborty

https://pavelchakraborty.weebly.com/

‘Chinese Import Competition and Prices: Evidence from India’:

https://onlinelibrary.wiley.com/doi/abs/10.1111/obes.12632

Timestamps

00:00: Intro

00:41: India’s Manufacturing Sector

06:16: Why Has China Dominated Global Manufacturing Instead of India?

14:50: India’s Trade Openness

18:00: Tariff Rates (Developed VS Developing Economies)

22:03: Effects of Cheap Chinese Imports on India Manufacturing

34:38: Effects of Cheap Chinese Imports on the Wider Indian Economy

39:40: Why ‘Stand Alone Firms’ Responded Stronger than Other Firms

42:35: The Impact on Other Asian Countries

46:42: Changing Global Tarriff Policies

49:28: Future of Indian Trade Policy

57:02: What Future Research Needs Conducting?

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