The Economy of Mexico
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Despite its many critics, Mexico has some surprisingly strong economic characteristics. A great export market, a thriving manufacturing industry, natural resources, a young and productive workforce, and even things like geography are all on its side.
But the nation still has critics. And some of that criticism isn’t entirely unfair, as things like crime is still an issue. And as strong as Mexico’s legitimate economy and export market is, we still all know deep down the other export market that Mexico is home to.
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📚 Want to learn more about the economy of Mexico? We recommend reading "Beyond Smoke and Mirrors: Mexican Immigration in an Era of Economic Integration", by Douglas Massey and Jorge Durand and Nolan J. Malone 👉 amzn.to/30mgPvZ (as an Amazon Associate, we earn from qualifying purchases)
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Sources & Citations -
Székely, M., 1998. The economics of poverty, inequality and wealth accumulation in Mexico. Springer.
Boucher, S., Stark, O. and Taylor, J.E., 2009. A gain with a drain? Evidence from rural Mexico on the new economics of the brain drain. In Corruption, development and institutional design
Bruhn, M. and Love, I., 2009. The economic impact of banking the unbanked: evidence from Mexico. The World Bank.
Gonzalez-Hermosillo, B., Pazarbaşioğlu, C. and Billings, R., 1997. Determinants of banking system fragility: A case study of Mexico. Staff Papers
Atkin, D., 2016. Endogenous skill acquisition and export manufacturing in Mexico. American Economic Review
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@demolitionwar 4 жыл бұрын
hi! I have some questions regarding Patreaon but can't find a way to email you. Is it possible you can send me an email at austinhassett@gmail.com so I can ask a few quick questions? THANKS!-Austin
@Jzarecta 3 жыл бұрын
@Pavor that's stupid and false. Mexico has way more resources than drugs and political corruption. For example it has a huge food industry, is one of the world prime exporters of cacao in the world. That is neither controlled by government or cartels. One of the biggest economic implosion in Mexico was the devaluation of 94. Which cut Mexican wealth in half and made the credit and many economic activities freeze. Which goes to what he is saying about relationships with credit. This caused huge defaults and interest to skyrocket which make money more expensive to get and economic mobility to slow down. Basically made 3x harder for the average citizen to get a house or car.
@Jzarecta 3 жыл бұрын
@Pavor which pennies, cacao farmers are pretty rich and they will be richer of they had more access to credit and the country was more industrialized to manufacture trucks domestically at a national rate. And also access to future markets which they can access sustained pricing over their crops. Please do your research instead of believing politician stories.
@luissandoval5685 3 жыл бұрын
I,m mexican visit to santa fe mexico city the best economi in México and skylines
@Jzarecta 3 жыл бұрын
@@luissandoval5685 cuz you dont know what you have until you see worst shitholes.
@fakename7901 4 жыл бұрын
Other countries featured: *laughs at their suffering* Your country is featured: *PANIC*
@david0aloha 4 жыл бұрын
I like seeing my country. It's a chance to view things from an outside perspective.
@lightwishatnight 4 жыл бұрын
Panic you say? People that are from the country featured (and such, have the biggest insight on the topic) respond in English, and make rational, educated comments? Yes, 2/100 are just plain bad, but you chose to say PANIC, so I'm chosing to call on your BS.
@elguapo90 4 жыл бұрын
@sfasfasfaf asfasfasfasf lol please don't start that. Yes India is more advanced in some respects (military, mainly) because it has over a BILLION people....but lets be 100% real about the living standards that India affords most of its citizens....they are nothing compared to Mexico. HDI and GDP per Capita in Mexico is much higher than India...China is another story though.
@kaisen5669 4 жыл бұрын
@sfasfasfaf asfasfasfasf India? Mate even Mexico is a more civilized place. They have less poverty and better quality of life.
@s45gr32 4 жыл бұрын
@@ElZamo92 Oh come on
@SANTI--ez9nw 4 жыл бұрын
After watching there’s a very big detail you forgot about. Corruption in Mexico is so rampant that, according to the source, we “lose” about 4-9% of our GDP to it.
@BearOldcastle 4 жыл бұрын
That sucks hard. I heard it was bad, but 5% of the GDP ouch.
@andres_pq 4 жыл бұрын
Also forgot to mention that organized crime, especially drug cartels, is so massive is because of USA demand
@chamalinni 4 жыл бұрын
@@andres_pq Dude, that is not the point of the video. He is talking echonomics not drugs.
@SANTI--ez9nw 4 жыл бұрын
Hello He said he wouldn't talk about the illicit trade. It's literally a minute long disclaimer at the beginning of the video
@EchoSigma6 4 жыл бұрын
Geri O M I don’t think corruption is limited to cartels. Government, police, and social justice are some other factors limiting Mexico’s potential.
@kaen_tqk3918 4 жыл бұрын
"A young and productive work source." *shows a couple of old muchachos*
@diegoantoniorosariopalomin2206 4 жыл бұрын
Old muchacho is an oxymoron
@tompeled6193 4 жыл бұрын
Más como: Muestra unos ancianos.
@mcdonaldsburntchickennugge8231 4 жыл бұрын
Age is just a number
@tompeled6193 4 жыл бұрын
@@mcdonaldsburntchickennugge8231 No, la edad es más que un numero.
@TheManinBlack9054 4 жыл бұрын
Old muchcachos. Old boys.
@Eduardot12345556 4 жыл бұрын
I'm mexican, these are some of our economic issues: - stupid high interest rates(credit cards ranging 30-50%, mortgages 12% annual interest rates). - lack of investment in technology development. -HUGE, expensive, corrupt and inefficient government with budget leaks in every level and department. -Monopolies in many industries. - Extremely difficult to open new businesses due to extreme government regulation. -social inequality.
@TaquitoTuesday 4 жыл бұрын
- Extreme difficult to open new businesses due to extreme government regulation... unless you’re one of the millionaires who can bribe their way out of those same regulations...
@Eduardot12345556 4 жыл бұрын
@@TaquitoTuesday así es carnal, el sistema está hecho para que los pobres sean siempre pobres, y los ricos cada vez más ricos
@sreerajr6470 4 жыл бұрын
Hmmm.. like my county India
@alexejnovak8693 4 жыл бұрын
Wow. You have described Russia very accurately XD
@supermonk3y07 4 жыл бұрын
@@kesorangutan6170 Hey man. I'm a Mexican guy, I'm Mexican American, I been to your country Turkey three times and I can say Turkey is Muslim Mexico. We are similar in both the good and the bad aspects. And basically both countries are developing. they are not super poor but they are not quite there yet. It has a lot of the same problems too. Regardless I enjoyed your country. The weather, the food the people etc. All good.
@AxelElRojo 4 жыл бұрын
You missed one thing, while it's true that many people just don't have access to banks, most of the people that don't use banks do have access to them, most mexicans just don't trust banks, they prefer to be payed in cash and keep all their money in their house.
@SerjEpic 4 жыл бұрын
This is TRUE! My dad has been in the US for 40 years now and he still never used debt for his restaurant or his real estate investments. If he used it he would be so much wealthier instead of just middle class
@jesusramirezromo2037 4 жыл бұрын
Yep Amazon and many companies have to setup direct payment methods I have no problems with using banks(still don't trust them much, i have a very shitty bank), but ALOT of pepole do, even young pepole, not just older generations
@AxelElRojo 4 жыл бұрын
@@jesusramirezromo2037 Let me guess, is it Banco Azteca?
@jesusramirezromo2037 4 жыл бұрын
@@AxelElRojo Not THAT shitty Santander, i and many consider it one of the worst banks, mostly due to its horrible customer service
@ivanpr9525 4 жыл бұрын
Some people remember history. Like, the currency failure of the 94 or, the great depression of the 29
@ElMabrak 4 жыл бұрын
Me, as a mexican lawyer and economist been rooting and waiting for this video for so long! thanks and that was a good study.
@angelunknown1692 3 жыл бұрын
Waiting for so long??? Nada nuevo hay en este video, todo es muy conocido.
@TheXxdaknessxX 3 жыл бұрын
@@angelunknown1692 Estaba esperando la opinión de el autor de este vídeo sobre nuestro país Don Edgy.
@DaBeezKneez 3 жыл бұрын
Yeah, because we all cared about your legal studies.
@TheXxdaknessxX 3 жыл бұрын
@@DaBeezKneez 98 people did, maybe find something more productive than being edgy on a KZfaq comment section.
@how2fix-601 3 жыл бұрын
I support and appreciate you. Remember to do as much as you can to help every other human being.
@DanielSanGV 4 жыл бұрын
As a Mexican, Economy student, I can say this was pretty on point, the regional aspect of the economy is the realest thing of all, I am from the poorest state in the country, Guerrero, luckily I was born in the biggest city on the south of mexico, Acapulco, but local economy went to shit 'cause of the violence in the city, is the 2nd most insecure city in the world(homicides per capita). Now I live in one of the states with the fastest growing economies in the country, Queretaro, and the difference is night and day. And disparity of wealth is incredibly huge, but I think is advancing at faster pace now to bridge that huge gap. The Biggest problem of Mexico is/was corruption, it is what is helding back the economy, millions upon millions of dollars being taken offshore by greedy politicians and state functionaries.
@lolailo2199 4 жыл бұрын
idk i feel amlo just isn't good enough. Not bad but he has the power to do a lot more.
@antoniobrignoni3722 4 жыл бұрын
Daniel Gonzalez What do you think about Amlo’s policy towards the cartels?
@DanielSanGV 4 жыл бұрын
@@lolailo2199 I mean the economy hasnt grow since he took the charge but is mostly because the country was left in shambles and his first objectives are closing the gap in wealth and combating corruption, he has said that to death since day one.
@DanielSanGV 4 жыл бұрын
@@antoniobrignoni3722 What policy?? turn a blind eye to it? that is hardly a policy but it is the less harmful since most cartels have more power in some cities than the freaking goverment(as I said i'm from Acapulco), and in respect of the ''guardia nacional'' is just an attempt to tackle the already present corruption in the military, is my best guess.
@fernandoacuna1471 4 жыл бұрын
Dude sold out to the cartel the moment they released Chapo's son
@FinanceOptimum 4 жыл бұрын
*The Illegitimate Economy of Mexico would be a helluva video*
@abdelrahmanwael2551 4 жыл бұрын
half of the fucking economy is underground. Imagine if that shit got legalized
@XavierbTM1221 4 жыл бұрын
Yes, it would be interesting to see how the largest consumer of drugs in the world (both in relative and absolute numbers), the United States of America is fueling a ruthless showdown of violence not only in Mexico but also in South and Central America
@Pi-Face 4 жыл бұрын
@@abdelrahmanwael2551 Having it legalized means it wouldn't be underground anymore as they have to pay taxes, and that industry does not want that.
@Mythhammer 4 жыл бұрын
It would also be instantly demonitized, if not out right censored. Our Google OverLords are watching.
@abdelrahmanwael2551 4 жыл бұрын
@@Pi-Face then lower taxes across the board and that will help the poor with their incomes. Do they rely on welfare? I haven't heard of no welfare
@jmitterii2 4 жыл бұрын
Video: "Mexico just needs debt!" Time: "Yeah, they didn't need that."
@kevinclass2010 4 жыл бұрын
It's true though. To make investments, you need access to credit. There's a big difference between investment debt and consumer debt.
@jesusramirezromo2037 4 жыл бұрын
Depends on what that debpth goes to
@DoitbreakitlearNmoveon 3 жыл бұрын
The reason you can't start a business in Mexico is because of the corruption, monopolies and the bad people there will Kill you if you have money so it's better to live in another country and have a shot a life in a different land
@Jzarecta 3 жыл бұрын
@@DoitbreakitlearNmoveon right, you should go to siria
@DoitbreakitlearNmoveon 3 жыл бұрын
@@Jzarecta why would I want to go there? I'm Mexican I luv my country is difficult here
@Dalpidar 4 жыл бұрын
"There is a lot to be said about that *other* domestic industry..." i love how you avoid saying 'drug cartel' or 'drug exports' but still show b-roll of coke lines and heroin needles lmao
@RonaldMcPaul 4 жыл бұрын
Wants the video to be monetized.
@luddity 4 жыл бұрын
You can also get much cheaper prescription meds there. And health care tourism is a big deal.
@ricardomoyer3251 4 жыл бұрын
As a mexican, I hadn’t realized that most countries don’t depend heavily on foreign investment, sure, the top economies of the world dont but for some reason I thought that most countries did
@DanielSanGV 4 жыл бұрын
La mayoria de paises dependen de paises mas grandes para crecer exponencialmente pero Mexico en este punto es/somos una garrapata de USA... pero bueno, podría ser un perro mas flaco jaja.
@moisesmunoz3844 4 жыл бұрын
Daniel Gonzalez El Mexicano tampoco invierte mucho en su propio pais. Deberíamos dejar mas dinero en lugares locales.
@Bobelponge123 4 жыл бұрын
Ricardo Moyer hola hola taco taco
@arcodax3302 4 жыл бұрын
Mientras no nos pase como Australia que paso de estar al frente a estar detrás de China en pocos años.
@m.w.6526 4 жыл бұрын
Where'd the English go
@lavh93 4 жыл бұрын
Mexican here. Credit is really not well viewed, my grandfather used to say. We may not have that much but we have what we need and it's paid for. People on the other side (that's how they call the US) might have huge homes and fancy cars but they owe everything.. then they become slaves because they cannot stop working
@Grupoinmmo 3 жыл бұрын
Jajajaja hermano.... En USA tambien millones de personas deben créditos y se vuelven esclavos de sus deudas.
@pablogonzalez7588 3 жыл бұрын
G m te invito a traducir el texto en español creo que entendiste totalmente lo contrario jajaja
@Grupoinmmo 3 жыл бұрын
@@pablogonzalez7588 jajaja si tienes razón. Leí mal. Pensé que era pocho y decía lo contrario.
@goober7535 3 жыл бұрын
I live in a large house in the countey and have a good car. No debt. No cartels to deal with either
@rafaelcomfsemph 3 жыл бұрын
i might not understand nothing about economy but i think your grandfather is a very very wise man, i totally agree with him, i might take time to aquire the things i want, but i never owe nothing to anyone, i know many people who have more things than me but they always strugling with debt (My country, Brazil have a really serious problem with debt) and a hug from brazil! ahahah we brazilians have a deep love for mexico and mexican people, El chavo del ocho is one of the most popular tv shows in brazil for 40 years, Don Ramon i think it is the most popular character in Brazilian history, i think brazilians love el chavo so much because of how much Mexican and Brazilian people have in common
@Rosa-cr7qc 4 жыл бұрын
I swear EE makes up 90% of the stock photo industries revenue
@ZERO-ms4qi 3 жыл бұрын
A bueno t me cuidas
@Montoya1991 3 жыл бұрын
germany makes uo 99.9 % of the EE economy lol just say germany. Everything good from ee comes from hermany.
@TheAvtrey 4 жыл бұрын
Workers in Mexico dont demand lower wages. They are given lower wages
@23StudiosSports 4 жыл бұрын
Trey Anders technically they “demand” lower wages because they are willing to take them at that low value. I don’t think he is saying they all individually demand them.
@jimboonie9885 3 жыл бұрын
Raise them
@jpepe-qg4qj 3 жыл бұрын
I’m from Juarez and there’s lots of factories they’re mostly Chinese. They go there cuz wages are low. Family member working as a line worker makes 40 dollars a week
@docmexicano6649 3 жыл бұрын
@@jimboonie9885 easier to say than to do
@rorythomson3439 2 жыл бұрын
@@jpepe-qg4qj they need to unionize, it's the only way for workers to fight corporate greed.
@yoganandavalle 3 жыл бұрын
It's amazingly funny how you mention the economic problem related to drug trafficking in Mexico without mentioning the US
@jacqueparr4175 3 жыл бұрын
Yep! The best customer! Very demanding too!
@K3rrJu5t1n 2 жыл бұрын
@@jacqueparr4175 Yes and Central America and Colombia since there are many drug producers/manufacturers in those regions and the Chinese drug lords moving their drug business in Mexico
@arcodax3302 4 жыл бұрын
In Mexico as we are the largest consumer passage zone in the world, any situation is enlarged (both good and bad). También es cierto lo de los tacos y el picante.
@VelocityZap 4 жыл бұрын
Jaja
@ianpineda 4 жыл бұрын
Y que hay de las quesadillas sin queso?
@arcodax3302 4 жыл бұрын
@sfasfasfaf asfasfasfasf :0
@arcodax3302 4 жыл бұрын
@@ianpineda Esas son historias de terror que contamos a los niños malos... niños muy malos
@ianpineda 4 жыл бұрын
@@arcodax3302Y los chilaquiles con bolillo? O las tortas de tamal?
@fncvt 4 жыл бұрын
There are only Italy and France as largest economies to cover, I expect them soon at this point. This type of content is just THICC man.
@TheLiamster 4 жыл бұрын
Italy has been at the center of the largest Coronavirus outbreak in Europe.
@fncvt 4 жыл бұрын
@@TheLiamster So what? US has been the cause of outbreak of something even deadlier. It's called American Democracy.
@visekual6248 4 жыл бұрын
has he done in Brazil and canada?
@mikerodrigues9822 4 жыл бұрын
I think the American Democracy is better than European tyrants.
@paulcoleman5512 4 жыл бұрын
@@visekual6248 🇨🇦 yes, 🇧🇷 no.
@Geopoliticum 4 жыл бұрын
I am very pleased to see a high-quality video covering Mexico! On KZfaq, we have lots of content covering the Middle East and Europe, but Mexico, Central America, and South America are truly underexplored by content creators. Good job!
@forthepotentates7526 3 жыл бұрын
Should be explored by content creators NATIVE to those countries. I don't trust a guy who has Kill Gates featured in its YT channel banner and constantly promotes debt and IMF loans, fk that
@Geopoliticum 3 жыл бұрын
@@forthepotentates7526 Hi Emil, I am pursuing a master's degree in 'Pluralist Economics', so I totally get your point. As you know, 'enforcing' debt is at the core of the current financial system, so EE can do very little to change it. But maybe he could create videos to introduce alternative approaches, ideas, systems, etc.
@forthepotentates7526 3 жыл бұрын
@@Geopoliticum His videos are fine, my point is he misses a lot of information and details about other countries he doesn't truly know or have never visited or lived in. As many comments have already pointed out, he completely ignored the effect corruption has on Mexico's economy, and his comparison to South Africa is just bizarre, among many other facts.
@liamtahaney713 4 жыл бұрын
Mexico is amazing.
@19ars92 3 жыл бұрын
Respect 🙏
@sebastianzaldivarvazquez4866 3 жыл бұрын
Yes, yes it is 🇲🇽
@Pollo57793 3 жыл бұрын
No it's not es un cagadero de corrupción
@jaramillacarladrianabpolsc8749 3 ай бұрын
EWW NO
@nickinvietnam1989 4 жыл бұрын
I've been to half the country, other than scorching heat, it was probably the most beautiful country I've ever been to.
@elguapo90 4 жыл бұрын
I mean, it has some of the longest coastline in the world, and it's all good weather all year long, and it has more UNESCO world-heritage sites than any other country in North or South America. Mexico is the best representative of a TRULY AMERICAN place (meaning, actually has influence of native american/indigenous culture) in the world.
@kaisen5669 4 жыл бұрын
@@elguapo90 Well said. I share the same opinions. The culture is beautiful. The markets, beaches, etc.
@opheliavalentine6058 3 жыл бұрын
Walks and Such Truly American as in Native American roots then yes! But the U.S and Canada have different definitions of what it means to be American and that has nothing to do with the Native American roots.
@opheliavalentine6058 3 жыл бұрын
Are you speaking geographically, culturally, or based on architected or all three?
@SuperVladamere 3 жыл бұрын
The beaches are definitely better than most in the US, which is probably why so many Americans go to Cabo or Cancun
@TheOneWithComments 4 жыл бұрын
I would actually love to see you do a video on the economics of the not-so-legal side of Mexico and similar countries economies. It's not something that gets explained often due to the political and controversial nature but I trust you to make a well-informed video on the topic.
@Zei33 4 жыл бұрын
TheOneWithComments I reckon he won’t because the stats won’t be accurate.
@mathewvanostin7118 4 жыл бұрын
It will destroy the country just like it did with colombia. You cant have rival cartels armed like real army fight echother for profit and power. Its like there is a constant mini civil war in mexico Also no foreign company are interested to put their fortune in a country where they would be harassed by mobs The only real winners there would be the cartel leaders who make the money then retire somewhere before being dead or arrested 😂
@mathewvanostin7118 4 жыл бұрын
Also there is a high risk usa army intervien in mexico if the cartel army power gets more powerfull then the mexican army If something bothers usa. They invade without hesitation
@XavierbTM1221 4 жыл бұрын
America is the largest consumer of drugs in this planet That explains a lot of Mexico's problems
@atarax7492 4 жыл бұрын
Also, I think it's important to bring the fact that taxation on middle class Mexican citizens is so heavy that it makes almost impossible for businesses to grow into successful companies. An enormous part of the Mexican domestic economy is sustained by micro level businesses, e.g. street food shops
@Meleeman011 3 жыл бұрын
my dad discourages me from investing in mexico, but i had a good feeling it wasn't as bad as the media made it out to be.
@19ars92 3 жыл бұрын
Lol if you’re from the US the media has a lot of influence on its citizens It’s scary dude I’ve met older people that believes literally everything FOXNews or MSNBC tell them the absolute truth is
@Crazymexicano214 3 жыл бұрын
I live in Mexico & it's not nearly as bad as the media in the USA makes it look. Most of the violence is between criminal factions and a typical man has the ability to live a fulfilling life. The corruption is the real issue, it's in every aspect of life here. It feels like everybody is against each other. But the work ethic is incredible. Very positive attitudes & extreme resourcefulness. The crime & corruption really holds us back, but corruption especially is too ingrained into our society, young, old, rich or poor. All willing to do anything to get ahead.
@fiddlefarts 3 жыл бұрын
We dont want ur money thank you.
@gothenmosph5151 3 жыл бұрын
@@fiddlefarts why not? Foreign investment is good
@fiddlefarts 3 жыл бұрын
@@gothenmosph5151 foreign investment does not equal a better quality of life. Usually the oposite.
@elguapo90 3 жыл бұрын
Mexico is not "overall a little bit poorer" than South Africa...its the reverse, Mexico has a higher GDP per capita and HDI than SA....c'mon.
@Oswaldopat 3 жыл бұрын
Ikr lol
@Jzarecta 3 жыл бұрын
Not by much, 0.70 to 0.76 compared to Argentina which is at 0.83 or Chile at 0.84.
@elguapo90 3 жыл бұрын
@@Jzarecta .6 is still significant (anything .5 or greater is significant) and there's no excuse for a blatant error....especially considering Mexico has 2.5x the population. you also didn't mention Mexico's GDP per capita is about $4,000 higher than SA....it's like they based their statement off general impressions and not actual data
@Jzarecta 3 жыл бұрын
@@elguapo90 Mexico is closer to South Africa than Chile or Argentina
@elguapo90 3 жыл бұрын
@@Jzarecta by .1 and .2 points. i never stated that mexico was more overall developed than argentina or chile....but those are much less populated countries. to state that mexico is 'poorer' than SA is false and it's especially egregious because Mexico is more populated and overall more developed/richer than South Africa.
@ivanfloresvazquez7490 4 жыл бұрын
The slogan of my university, the second best in Mexico, could be translated as "The technique at the service of the nation", so yeah, we're trying to keep skilled workers here, but Canada has so many cool deals for mexicans, it's hard, man
@marcopalafox4944 4 жыл бұрын
Huelum. 😎
@heatherswanson1664 3 жыл бұрын
As a Canadian I wish Canada-Mexico relations would be better. I would love to visit your country for the food, the history, and the culture.
@hydrocarbon7045 3 жыл бұрын
@Galleta de Soda NAFTA?
@19ars92 3 жыл бұрын
Históricamente EUA, Canadá,Alemania, Rusia, y hoy en día China se han “robado” a inventores, innovadores, y científicos mexicanos para su beneficio, mientras en mexico no se les da tanta importancia, no los culpo por aceptar ofertas de una vida mejor en países donde son bien recompensados por sus esfuerzos, incluso hijos de inmigrantes indocumentados llegan a hacer grandes cosas pero no para mexico. Esto es de vergüenza 🤦🏻♂️
@whataboutdragonsguy5175 3 жыл бұрын
@@heatherswanson1664 Please come and give us your tasty dollars lol.
@mcorofin 4 жыл бұрын
Just to point out that Mexico is actually richer per capita than South Africa both in GDP and wealth.
@mi4johns 3 жыл бұрын
Is that somehow a win? Congrats on being slightly richer than a country located in the most backwards, dirt-poor continent on Earth - while Mexico is directly south of the richest, most developed economy on Earth 🙄
@donguadalucio1405 3 жыл бұрын
@@mi4johns It is not a win, it is stating the facts straight.
@jimboonie9885 3 жыл бұрын
@@mi4johns ok dog pfp
@carlosfernandez5833 3 жыл бұрын
@@mi4johns South Africa is actually not that bad if you know at least a little bit about the continent of Africa, enough to know that not all African countries are like the Central African Republic or the Democratic Republic of Congo. There are actually many developed places in Africa.
@mi4johns 3 жыл бұрын
@@carlosfernandez5833 Meanwhile, 16 African countries have at least 50% of their population living at or below the world poverty line, but hey, "it's not that bad" right? 🙄
@MarkWTK 4 жыл бұрын
3:39 wtf, why are you guys suddenly looking at me
@TheLiamster 4 жыл бұрын
They are not looking at you, they are looking at the camera.
@ronb7062 4 жыл бұрын
you should have look at them back.
@albierodriguez9797 4 жыл бұрын
The Liamster you must be fun at parties lol
@ondrejvesely6378 4 жыл бұрын
@@TheLiamster You must be kidding 👀
@urdead7942 4 жыл бұрын
@@TheLiamster r/wooosh
@landonyoung4850 4 жыл бұрын
please do the economies of the rising african economies, like Botswana, Rwanda and Nigeria
@tronicbasez1814 4 жыл бұрын
Landon Young There’s nothing rising about those countries.
@landonyoung4850 4 жыл бұрын
Tronic Basez right except their standards of living, wages, international investments, democratic indexes, and industrialization
@Msambweni 4 жыл бұрын
J Nigel based on the likes of his comment. 50 people disagree with you. Sorry!
@landonyoung4850 4 жыл бұрын
J Nigel Rwanda has had extremely fast economic growth, and literally had a genocide 30 years ago. explaining how it went from near disaster to one of the best in africa would be extremely interesting. Nigeria has a bad economy but it’s still the biggest in Africa, and it would be extremely interesting to see him talk about how it could overcome its obstacles. Botswana is a remarkably stable economy not just for Africa, but for the world. showing how these countries operate on a continent most ppl think is desert and starving children would be interesting regardless.
@rockstepguy3524 4 жыл бұрын
"Technically" yes, they are rising, but the thing is those economies where literally dirt, now they are still dirt but organized. They aren't rising, they are just starting to catch up with the rest of the third world, a thing of course really good, but not so interesting. And it's still a continent with deserts, starving children and armed terrorists, they are not rich and most of them live under the line of extreme poverty, just because they now have some running electricity and some running water in some parts doesn't mean they are becoming a new "world power", it means that they are starting to get in line with the rest of the world, they are still poor as fuck of course, but they are going slowly to a better future that will take a lot of time to reach.
@lubomirtomov1919 3 жыл бұрын
"mexico has the highest percentage of its population living abroad" *simultaneously laughs and cries in bulgarian*
@mr.ditkovich6379 3 жыл бұрын
There's a reason for that
@waifubreaks1572 2 жыл бұрын
Most of those Mexicans live in former Mexican land
@santiagorestrepo9504 4 жыл бұрын
Can you PLEASE make one about Colombia, I think it would be very interesting to analyze its economy and how the armed conflicts have affected it.
@markthemovieman 4 жыл бұрын
00:33 "a young and productive workforce" Cut to a photo of a bunch of geezers in their 60s.
@Jonsu21XX 4 жыл бұрын
They actually must be in their 40's at most, they just look older because of the work and other situations, it is actually quite common in Latin America.
@antonionavarrogodinez8365 4 жыл бұрын
I assure you, they are young, but they don't take of themselves, believe me, I am Mexican
@woowowowow583 4 жыл бұрын
Mark Stevens if they look 60 you look 80 in ur profile pic
@jerardogarcia4337 4 жыл бұрын
@@woowowowow583 his hairline is running away
@kaisen5669 4 жыл бұрын
@@jerardogarcia4337 RIP
@heitorbatista5392 4 жыл бұрын
I would love if you covered Brazil's economy.
@justicewarrior9187 4 жыл бұрын
Prostitution, drugs and sugar cane Next
@dot1754 4 жыл бұрын
@@justicewarrior9187 you forgot the Amazon forest
@varimatra2088 4 жыл бұрын
@@justicewarrior9187 well over 1 8 trillion dollars in prostitution wow
@mikerodrigues9822 4 жыл бұрын
Sugar cane? In XVIII century maybe.
@justicewarrior9187 4 жыл бұрын
@@varimatra2088 Yup That's what money from massive tourism does!
@diro5910 4 жыл бұрын
Finally my country. Great Job EconomicsExplained. ¡VIVA MÉXICO!
@sebastianzaldivarvazquez4866 3 жыл бұрын
¡VIVA! 🇲🇽
@whiterider1414 4 жыл бұрын
It looks like most of the actors in this video segment were supposed to be put in the video on the economy of Norway LOL
@gtbkts 4 жыл бұрын
Johnny Walter He uses stock footage. But your right. Lol.
@21Nahm 4 жыл бұрын
As a mexican, I totally agree with the ideas presented in this video. Just to remember, the underbanking issue has its roots not in the NAFTA, but in the early 80's, when the government nationalized the banking industry as a response to the huge debt crisis. The new privatisation occurred in the 90's and caused the collapse of the national banking sector, so the government decided to allow major foreign banking investment in the country, besides the strict "austerity" policy imposed by the USA and the IMF, wich consisted mainly on imposing high interest rates wich had perdured until today. So, the main cause of the underbanking in Mexico is the monopoly of the country's banking system and the high rates those banks charge on their customers. So, is a pretty good business for banks and a very bad one for the people. So, we have in Mexico the highest profitable foreign banking investments and at the same time, a really expensive and hard-to-get credit, due to the foreign banking monopolies in the country.
@carloscamargo1060 4 жыл бұрын
I'm Mexican and I didn't know what was our economy until this video Thanks for the video! It's great to see foreigners care and study my country
@Vocaloidhimeyaoi 3 жыл бұрын
"If I, an australian" *Puts a kangaroo in the video*
@NoobToobJamarMemes 4 жыл бұрын
Fantastic videos, man, I just love learning about economics and economies!
@SANTI--ez9nw 4 жыл бұрын
Yes! Finally, thank you!! I’ve been waiting for this video for a very long while
@CatholicWeeb 4 жыл бұрын
Hope you're happy Mexicoball!
@SANTI--ez9nw 4 жыл бұрын
Irish Eggs I am :)
@pauloesteves4804 3 жыл бұрын
I've always seem Mexicans as our Spanish speaking brothers, I'm Brazilian, I've always felt we suffer from similar problems, but are still pretty relevant regardless
@SuperVladamere 3 жыл бұрын
Both are large countries, beautiful landscapes, has the right things in place to become an economic powerhouse, corruption. I love both countries but the politicians in these countries are the worst.
@michelmiyat 3 жыл бұрын
A crucial point you missed when you talk about loans and credits for low-income people is the financial education, there's an incredibly low rate of people with financial education and 90% of credits are destined to short term goods consume which means that current levels of income for most of these people are not enough to cover basic needs and any of the benefits form credits you talk about are not possible due to the credits not being used properly for investment.
@aland9328 4 жыл бұрын
Thanks to make a video of mexico!! , Is excellent your analysis!! I hope mexico overcame this difficulties and leave his dependency of US, salutes from Monterrey, Mexico PD: it would be interesting a brazil economics explained
@GAndreC 4 жыл бұрын
There is zero like absolute zero chance that dependence ends unless measures are taken to increase substantially with other partners. That said the current economic model in Mexico is going to double down on trade and investment and thus dependence on its largest trade partner so if anything the country will become even more dependent not less.
@rotemplatino91 4 жыл бұрын
Así será Bro, we just need to keep studying and working to make this country great. Saludos
@juliobenavides241 3 жыл бұрын
@@GAndreC if mexico uses libertad coins it will overcome the dollar.
@robertmartin2867 3 жыл бұрын
"Let's talk about Mexico's economy." *shows a stock photo of a black guy talking to a chinese guy*
@franciscor390 3 жыл бұрын
Lol
@juanjoseph 3 жыл бұрын
That would be Santa Fe. You do know Mexico is an european type nation with lots of races, right?
@DivinesLegacy 3 жыл бұрын
@@juanjoseph I just think this is false, I think Mexicans just have an obsession with white people and never seem to mention the huge amount of native ancestry.
@juanjoseph 3 жыл бұрын
@@DivinesLegacy Well that is your opinion. You have right to have one even if it's a wrong opinion. I mean, it is beyond question now, given the genetic studies conducted by the genomics institute of UNAM. And the image was a black guy talking to a chinese guy. And I mentioned a region where many chinese businesses have offices filed with chinese people who work on Mexico. So maybe the problem is you and your lack of world.
@korssar 3 жыл бұрын
@Dorey DNM its like showing a menonite instead of a Michoacan harvesting avocado, so a very strange token for Mexico.
@moisesrosario9716 4 жыл бұрын
... It's kinda already alfway there Amlo : i have other data
@fidelruiz7859 4 жыл бұрын
Moises Rosario sad :(
@joseferre1498 3 жыл бұрын
you know how to get a grown man to his knees, weeping in tears and despair
@19ars92 3 жыл бұрын
Well he didn’t get any debt during the pandemic but other countries did after the pandemic they’ll have to pay it back
@whataboutdragonsguy5175 3 жыл бұрын
@@19ars92 He didnt get any debt to improve hospitals for Covid, thats why we have almost 200k deads.
@pearvar77 3 жыл бұрын
@@whataboutdragonsguy5175 Yeah.. people ignoring the restrictions and being one of the most unhealthy countries at the world doesn't have anything to do with it. C'mon not everything is: "because of the government..."
@Sam-zq4yx 4 жыл бұрын
17:17 to 17:45 that is golden for anyone writing an economics essay
@jjc5475 4 жыл бұрын
very informative video, thank you!
@Zei33 4 жыл бұрын
Another quality video. Keep em coming!
@markus4623 4 жыл бұрын
Normally, this channel spreads GREAT content. With this video, however, I do feel like you're missing the point: Claiming a lack of debt is the underlying problem is just a tad bit too ignorant considering 1994's Mexican Debt crisis that literally cause a sovereign default and saw the US & IMF come to the rescue. Seeing how the Tequila crisis is not mentioned once in the video, I cannot help but feel a good part of the story is missing..
@joseferre1498 3 жыл бұрын
The kind of debt he is referring to is the one among common persons like you and I. Basic access to loans and good banking services. The Tequila effect, I presume (I was 1 year old when that happen) was exclusively a domestic state debt. Please correct me if I'm wrong.
@danielponga 4 жыл бұрын
Im from mexico city, big fan of this channel, I've been waiting a long time for this video
@xiadais 3 жыл бұрын
The spreading-butter-on-toast stock footage matched EXTREMELY well with the words you were saying at the same time. I am thoroughly impressed.
@NEDinACTION 4 жыл бұрын
I would absolutely love to see a video about the economic effects of the international drug trade
@maxmagnus777 4 жыл бұрын
I would love to hear about that other story of economy. It is not just a story of Latin America but, Afghanistan, Kosovo and Europe.
@maxmagnus777 4 жыл бұрын
@@naddarr1 Yeah, it is especially interesting when you know things first hand. For example, before the invasion of Afghanistan, drug traffic toward Europe had been almost stopped. There were major police actions against cartels in Kosovo. A month later NATO bombs Yugoslavia and Kosovo gains semi-independence. Then the invasion of Afghanistan starts. Drugs are produced in 10x greater amounts. They start going toward Europe freely again.
@robertgarcia7782 4 жыл бұрын
There’s quite a few shots of El Paso, Texas around 2:20
@ahmednibra89 4 жыл бұрын
Hi there - I love your series on different economies of the world! Very fascinating the way different nations go about their success or failures! Can you do a video on Egypt? I think it would be very interesting to see due to its long history and it’s complicated relationship with Europe, Middle East and Africa. Thanks!
@pedrol.grande3048 3 жыл бұрын
very good video my friend, you have some good points.
@thicksunroof4687 4 жыл бұрын
when the state is so corrupted to give monopolies and not permit for competition that's what happens
@carlosmf1057 4 жыл бұрын
Im Mexican and I just have to say that this is a really good video, so close to reality and very well explained.
@emanuelekunkler9130 4 жыл бұрын
I love ypur content in particular I really liked your videos on Sweden and Norway and I wuold really like to know what you think about the other nordic countries especially Denmark. Keep up whit your great content
@wrjazziel 3 жыл бұрын
Thanks for the video man, I'm mexican and I endorse the content of this video, peace!
@Je.rone_ 4 жыл бұрын
*quería visitar mexico!*
@fernandojimenez5206 3 жыл бұрын
Eres bienvenido siempre!!
@Je.rone_ 3 жыл бұрын
@@fernandojimenez5206 Gracias😃
@managainsthumanity1742 3 жыл бұрын
Ben bro pero nomas no vayas a Ortes que no te recomendan en ejemplo aqui en sayulita es seguro
@omar-eduardobarriga1856 3 жыл бұрын
@black vito wth! I met you at the Graham Stephan show and I admired your ideas 💡 good to see you peaking at my country
@SuperVladamere 3 жыл бұрын
Mexico is the most friendly country I've ever been to. Especially to tourists. Save up money and book a flight. Totally worth it. You won't regret it.
@draugnaustaunikunhymnphoo6978 3 жыл бұрын
"A law-biting Mexican is not a true Mexican." -A True Mexican
@alain5487 3 жыл бұрын
Law abiding**
@draugnaustaunikunhymnphoo6978 3 жыл бұрын
@@alain5487 White Mexicans
@Mulambdaline1 3 жыл бұрын
This video gives me hope!
@wadejohnson3051 4 жыл бұрын
I just want to say your ad placement is great. Putting then before each new topic mean the ads dont pop out, annoyingly breaking the flow of a video. I wish more people would think about and time their ad placement. I hate to say it but your ad placement actually makes your videos easy to watch and more enjoyable, thanks
@alonsocardenal3328 4 жыл бұрын
Ive been waiting for this one for so longgggg
@rasho2532 4 жыл бұрын
5:42 "A grain of salt" or a grain of cocaine.
@NuclearTopSpot 4 жыл бұрын
that makes me insane in the membrane
@welles28 4 жыл бұрын
As interesting as the video was, you can't really talk about the Mexican economy without discussing the drug trade, allied with the fact that the country is a narco state. Addressing this will in turn require the rule of law (i.e. a reasonably non-corrupt and functional justice system). Until these issues are addressed (a heavy lift, admittedly), Mexico seems likely to remain in its' current economic limbo.
@Zei33 4 жыл бұрын
I was thinking powdered meth when I saw it lol
@Photonblastt 4 жыл бұрын
Ayy another upload!
@Artur258456 4 жыл бұрын
Great video man, as always. Do Brazil next, pleeeeease! Tamo junto, valeu!
@Snmateo2444 3 жыл бұрын
Alternativ title for video: "We want Mexico to get in heavy debt"
@july9566 3 жыл бұрын
@Jonathan Cruz69 we don't see it that way , Mexicans live within their means .
@19Cobre 3 жыл бұрын
@Jonathan Cruz69 Jajaja what a joke
@SuperVladamere 3 жыл бұрын
@Jonathan Cruz69 you've never spoken to your day to day Mexican. They are consumers but also don't like to live above their means
@FunnieApple 3 жыл бұрын
@@SuperVladamere the unfortunate truth however is that debt is good. Without it there cannot be as much investment and growth.
@KingUnKaged 4 жыл бұрын
I think a video on Italy would be interesting, they're a super developed nation with a LOT of problems
@1981dlambert 3 жыл бұрын
Very interesting. Thanks.
@h3ll0124 4 жыл бұрын
Hope see some more vids on Mexico from this channel
@internetuser2721 4 жыл бұрын
A good video, but I think one important thing was left missing. While Mexico may not be a wealthy nation at all by Western standards, it is still much wealthier than most developing countries. Mexico has a GDP per capita of around $10,000. That is much more than for example south and southeast Asian nations that often have GDP/capita of around $2000-3000. In other words, Mexico is 3-5 times wealthier than these countries. Mexico is much wealthier than China as well. This leads to my second point. A lot of people are painting overoptimistic views about developing countries reaching 1st world status, but for the most part, that is almost certainly not going to happen. That is because it is much harder than often thought to reach the level of the US and western Europe. Not as many countries have actually managed to catch up with the West as is often thought. Some countries in Asia (such as South Korea, Singapore and Israel) and some in Europe (like Spain, Finland and Norway) have managed to do it. Much longer is the list of countries that have first started well, but then fallen into a so-called "middle-income trap" and stagnated as a consequence. This list includes for example all of Latin America, Iran, Thailand, South Africa, Nigeria, Russia etc. China, despite the CCP's attempts to claim otherwise, has now also stagnated. Therefore, it is certain that many of these South-east Asian nations will face the same destiny (some already have). They just started from so poor conditions that it is not uncommon to grow fast at that stage. But when you progress a little bit, sustaining that growth will become much much harder and only a few countries have managed to overcome it in a short period of time.
@invictustv1409 4 жыл бұрын
China's GDP per capita is around $10,000 as well and it registered growth rates of 6%-7% over the past decade so China's economy will overtake Mexico's economy soon. The South East Asian countries only became independent last century, whereas Mexico has a 200 year head start in developing their economy. Most South East Asian nations have higher economic growth and SEA nations such as Brunei and Singapore are 5 times richer than Mexico. So Mexico is falling behind as the FDI inflow into SEA is higher than Mexico and Latin America as a whole.
@internetuser2721 4 жыл бұрын
@@invictustv1409 China's GDP per capita is not $10,000 because of systematic manipulation of GDP figures by the government for years. Every economist who studies China's economy even a little bit knows this. This is also the reason for why China's GDP hasn't grown for 6% a year for many years. And, as I tried to explain in my original comment, just because some country starts out doing well, does not mean it will end up doing well once it develops a little.
@thomasjackson6142 4 жыл бұрын
The GDP reported by the party has been manipulated since the 2008 financial recession. It is much closer to 1-2% than the reported 6-7%. As estimated by companies and former high-ranking party officials. Which means the GDP has been way over blown by the party. This is also not taking into account the numerous bubbles in the economy. Or the financial slowdown caused by the trade war with the US. Mexico in contrast could easily reach a 6% GDP growth rate. If it could secure a favorable trade deal with the US and Canada. Whist also getting rid of it's major corruption and crime problems. Also, In the time Mexico has been independent they have suffered internal and external conflicts. Civil wars, rebellions, and foreign invasions, whilst also suffering from crime and corruption. Which is compared to South East Asia, which has been stable compared to Mexico.
@elguapo90 4 жыл бұрын
exactly. Thank you for your correct and sobering remark! Mexico and the major Latin American countries are more developed than Africa, South Asia and Southeast Asia.
@invictustv1409 4 жыл бұрын
@@elguapo90Another issue is immigration. One reason Trump won is because he wanted to build a wall along the border with Mexico to keep the Mexican immigrants out. If the Mexican economy is that great then why are so many Mexicans trying to migrate to the US? Why are there so many illegal immigrants from Mexico in the US? China has well known multinational firms such as Huawei, Lenovo and yes even Tik Tok. The only well known brands Mexico has are the Sinoloa and Los Zetas Cartel, and Mexico's top export is drugs. The countries that you've listed Philippines, Vietnam, Indonesia and Brazil are all at the same level of development with the SEA countries growing much faster. Mexico is not at the same level because in some areas and states of the country, the Government has no authority, it is run by Cartels. Mexico's economy is unable to move up the value chain and produce global brands like Samsung and Toyota because the country is highly corrupt and very dependent on the USA.
@someguy8955 4 жыл бұрын
Will you be posting a new video about coronavirus now that it has had a more significant economic impact?
@matthewcollins4764 3 жыл бұрын
Nice when you mentioned USA (one of the times) my home town showed up as stock footage
@bienesraices3491 4 жыл бұрын
Great job 👍🙌
@Lufefe 4 жыл бұрын
“If I as an Australian”....... Randomly puts up a kangaroo 🦘🤦🏾♂️😂
@jasonmason6910 3 жыл бұрын
It’s a wallaby, not a kangaroo
@samuelshelver4064 4 жыл бұрын
Love the video mate. Just a pointer; you don't actually have to come up with a clip to illustrate every other word, just saying! Besides that keep up the great content =)
@sadacamkwashiorkor 4 жыл бұрын
@ Economics Explained I just watched 10 of your videos and I have two questions : - What do think about the theory that says energy production (EROEI of energy extraction, to be precise) is the only limiting factor in all economies since the industrial revolution? (Aside from parasite states, tax havens and other singularities of the sort) - What is your take on the claim that dematerialised production (dematerialised GDP) does not exist, or rather cannot exist on it's own and relies on a heavy material real-economy? Obviously I'd love to hear you talk about those topics in one those video of yours I really enjoy watching! Thank you for reading me. Cheers!
@aseideman 3 жыл бұрын
Worth adding that personal loans here in Mexico are ridiculous. It’s common for banks to charge 30% APY and in some cases also charge a high loan origination fee.
@ivanbolanosromero1586 4 жыл бұрын
Great video! Is always interesting to see how Mexico looks from abroad. I am not quite sure credit is the main problem, if you compere its percentage of debt with developed countries it does look like that. But developing nations don´t pass the 25% of GDP mark often. I do think is our ancient, and inefficient tributary system (Indirect problem PEMEX) which ends up making really hard to take loans, pay interest and have enough cashflow. Thanks for your great content!
@petervlcko4858 4 жыл бұрын
0:33 ...YOUNG & productive works force...
@DrAlfredNUmar 4 жыл бұрын
I am learning a lot from you....Thank you so much.God Bless you
@EconomicsExplained 4 жыл бұрын
Glad you are enjoying mate :)
@MMpaintedpalm30 3 жыл бұрын
This was a great video. Is it possible to retroactively conduct an analysis of Mexico's economy and place it on the EE's country leaderboard?
@EoTRrecorder 4 жыл бұрын
Relentless. Stock. Footage. : /
@woowowowow583 4 жыл бұрын
Roger that Mr.Corn let me animate a 10 minute video for you, you know something to get a child to watch. like you
@gerardcurtis3911 4 жыл бұрын
Or show graphs? Data? Do a podcast?
@jmitterii2 4 жыл бұрын
When the message is "stock message for a nation to become a debtor nations" what do you expect.
@janpaulpeters9451 4 жыл бұрын
3:38 +5 sec. is creepy AF!!!!
@UsernamerAlreadyTakn 4 жыл бұрын
LmAo
@TylerSolvestri 4 жыл бұрын
I was chilling then they looked at me and I was like: 👁👃👁 👄
@vicherd 4 жыл бұрын
Another great video. This makes learning economics fun.
@RFGfotografie 2 жыл бұрын
Great video
@subatenome 4 жыл бұрын
That was very interesting! I'd love to see a video about Spain's economy!
@raymondjapon1035 3 жыл бұрын
Soy Filipino y saludos a mi hermanos Mexicanos😇😇
@jehc. 2 жыл бұрын
Hi, I really like the Philippines 🇵🇭🇲🇽
@aaronlohr8477 Жыл бұрын
@@jehc.you guys are the same people.
@emiliozorrilla5188 4 жыл бұрын
Great video. I am mexican and I really enjoyed it. As far as I know (I am no expert in economy what so ever) but I thought it was really accurate. I would just add that local politics and big shifts in ideology in the last years have contributed directly to a lack of confidence..
@user-hl7bw8yw7n 4 жыл бұрын
You should make a video about the economies of Eastern Europe and especially the Balkans. Here we have pretty much the same problems - educated people leaving due to lack of opportunities, slow GDP growth, etc.
@dongochoangkhang 4 жыл бұрын
please make a video about vietnam economy
@azazzelx 4 жыл бұрын
Thus having a good partnership with a highly developed neighbor around would really help eh...
@fredflintstone6338 4 жыл бұрын
Somewhere really cold
@joserobertoramirezarevalo4610 4 жыл бұрын
It would help more if that huge neighbour wasn't a drug addict.
@papercookie1224 3 жыл бұрын
@@joserobertoramirezarevalo4610 actually...
@knockhello2604 3 жыл бұрын
@@fredflintstone6338 what
@ajz295 3 жыл бұрын
It would help if our neighbor wasn't USA
@MrMegaloco14 4 жыл бұрын
You should make a video on the economy of Brazil!
@Brandon33akahk 4 жыл бұрын
You've been dropping some heat lately 🔥🔥
@Hyperion9700 4 жыл бұрын
Mexico ! I'm from SA :)
@kevinclass2010 4 жыл бұрын
South America?
@inferno0020 4 жыл бұрын
Anglo-Saxon world: well-established financial system and proper education system but average joes learn to fear financial and disdain education. Latin America: backward financial system and education system but average joes know their importance.
@The.Real_Fr 4 жыл бұрын
inferno0020 stay in school son
@inferno0020 4 жыл бұрын
@@The.Real_Fr stay in the prison R Kelly
@The.Real_Fr 4 жыл бұрын
inferno0020 your comment was insipid, insane, irrelevant and very irresponsible. The financial system of the “Anglo-Saxon” world aka capitalism has been disastrous since its inception. Once again, STAY IN SCHOOL
@SuperTechno2012 4 жыл бұрын
WOKE R. KELLY No it really hasn’t... I guess you have to go back to school and learn basic economics boy...
@SP-rt4ig 4 жыл бұрын
@@The.Real_Fr It has been so disastrous that it has worked to lift entire nations out of poverty. Look at South Korea and compare them to their northern neighbour. You can see Capitalism from space.
@ignacioconde2219 4 жыл бұрын
EE made a video of my country. I feel special.
@danielshaikhali5108 4 жыл бұрын
Loving your uploads 🥳
Economics Explained
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Economics Explained
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