The World’s Smallest Economy Is Disappearing

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The World’s Smallest Economy Is Disappearing | Economics Explained

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Күн бұрын

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Tuvalu is a tiny island nation confronting existential threats. Rising sea levels jeopardize its sparse population and limited economy. As the nation becomes inhabitable, this video will explore what the economy of Tuvalu is reliant upon, and the measures to save it.
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Пікірлер: 581

@EconomicsExplained Жыл бұрын

The first 100 people who sign up using the link in the description will have 10 extra trees planted in their name! www.wren.co/start/economics

@ryandarrah4247 Жыл бұрын

You're a failure for supporting China through climate double standards, which isa trojan horse ensuring the west loses ww3. take it from a factory owner.

@Nagria2112 Жыл бұрын

personal carbon footprint? that was literally invented by BP as a PR campain LOL

@jimsouthlondon7061 Жыл бұрын

@@Nagria2112 and then sell those trees to a logging company and pay private mercenaries to kick the local poor indigenous tribes people off their land.

@DanielSilva-jj2lz Жыл бұрын

make an video about nauru, they have a new port that accepts large ships. on Google Maps appears a container ship appears stopped in the port.

@Mindforprogress Жыл бұрын

Please do a video on the port of Rotterdam

@DeVallaR Жыл бұрын

Seeing Tuvalu, literally a spit of sand, rank higher than Sri Lanka is the knife to my heart I didn't know i needed 🔪

@notfunny3397 Жыл бұрын

As a srilankan myself, I understand your pain

@rafail2303 Жыл бұрын

Skill issue 🤣🔥💪

@ArawnOfAnnwn Жыл бұрын

Just ignore the EE leaderboard. It's long since stopped being meaningful. Even EE himself often implies as much with the way he introduces it for 'countries' that he himself admits don't really belong there.

@notfunny3397 Жыл бұрын

@@ArawnOfAnnwn we know that obviously, it still sucks tho

@notfunny3397 Жыл бұрын

@Станіс that's kind of the point though. It's basically impossible to summarize an entire economy into a number without losing a lot of detail and ignoring nuance.

@vezokpiraka Жыл бұрын

Argentina and Tukey being on the same score as Tuvalu is so funny to me. I can't even argue with this. Tuvalu is a small nation trying its best with a functional government and creative ideas to survive. Argentina and Turkey are big countries that have squandered away almost everything they had.

@youknow_nothing Жыл бұрын

As an Argentinian i have to agree with your comment. Bwe have the land, the people and the resources but we have crappy people with ever crappier polititians so we have been on decline for the last 2 decades

@ArawnOfAnnwn Жыл бұрын

Turkey's position is way out of whack. Frankly the EE leaderboard as a whole is way of whack anyway, so it's best to ignore it.

@danielr2194 Жыл бұрын

@@youknow_nothingArgentina has been doomed since Peron and until Peronism dies

@dinte215 Жыл бұрын

Nah the rating system is garbage. It relies more on presenters opinions and perceptions instead of been scientific.

@mark63424able Жыл бұрын

@randomnickname123 How could it be improved?

@sturmeko Жыл бұрын

EE: Tuvalu not going to sink overnight, but it will become uninhabitable in coming decades. Also EE: Stability and confidence is... fine. 6 out of 10. 😂

@kingofhearts3185 Жыл бұрын

My first thought was, how can you have confidence in a country that won't exist at the end of the century.

@CortexNewsService Жыл бұрын

@@kingofhearts3185olitically it is very stable. The result of a small population and a culture where you call even people not related to you brother, sister or cousin. So the people and culture are stable, which is more important for economies. The actual land.... eh.

@kingofhearts3185 Жыл бұрын

@@CortexNewsService That's all fine and dandy, but they'll be a historic footnote in my lifetime.

@manuelka15 Жыл бұрын

I think that more than stability he's measuring predictability. He always say that uncertainty is bad for economics. These people are certain that they years are counted.

@kohltonclark22 Жыл бұрын

I think he means stability now. Not decades in the future.

@learneconomics2021 Жыл бұрын

An economy without a country is an online company

@raysi9499 Жыл бұрын

🤯

@jimsouthlondon7061 Жыл бұрын

@@raysi9499 Amazon and Google.

@NeoShameMan Жыл бұрын

More like under sea

@zoeytank2921 Жыл бұрын

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The ETF/Equity market keeps swinging.

@hannahdonald9071 Жыл бұрын

When the news is the worst and investor confidence is at its lowest, indices routinely turn from a bear market to a bull market. This illustrates how quickly the market's direction may change.

@tampabayrodeo2474 Жыл бұрын

@@hannahdonald9071 Because an investing coach's skill set is built on short- and long-term holdings for profit realisation and because of their distinctive analysis, it is nearly impossible for them to underperform, I prefer to seek their counsel while making daily investment selections. I've been working with my coach on investing for literally four years now, and we have already produced significant net profits.

@graceocean8323 Жыл бұрын

@@tampabayrodeo2474 I've been looking at comparable opportunities in the current market because I know a lot of people who made fortunes from the Dotcom crash and the 2008 crash. Could this consultant who helps you be of any assistance?

@tampabayrodeo2474 Жыл бұрын

I've been consulting with SALVATORE FORTUNATO SOFIA, a financial consultant whom I learned about and got in touch with thanks to a Kiyosaki radio interview she was featured on. Since then, she has served as the point of entry and departure for the equities/stocks we have emphasised. A search using her name on the internet can be done if tracking is necessary.

@alexpotts6520 Жыл бұрын

As a Brit, I must correct you, our country-level domain ending is .uk not .gb

@talideon Жыл бұрын

It's both, but .gb is now considered "reserved". There are a handful of .gb domains, but the UK government has informed ICANN of their intention to retire it completely.

@ArawnOfAnnwn Жыл бұрын

@@talideon So what's gonna happen to it if Scotland leaves the union?

@TankEnMate Жыл бұрын

@@ArawnOfAnnwn It would form it own country and then can apply to ICANN to get it's own country code Top Level domain (ccTLD).

@ArawnOfAnnwn Жыл бұрын

@@TankEnMate I meant for England, not Scotland. With them gone, the 'United Kingdom' name makes even less sense. All that'd be left is Wales and a bit of Ireland that's itself in a weird position post-Brexit. It'd become an ongoing embarrassing reminder of what they once were, so it may be better to change it to something else.

@milo-qh7cv Жыл бұрын

who cares!

@theworstthingaboutnewbooks6006 Жыл бұрын

This is my favorite national leaderboard episode, thanks! I'd love to see more Pacific Oceania states as well.

@maqayum7 Жыл бұрын

An EE episode on Bangladesh-- a possible next Asian tiger, has170M people (half of US population), is going through rapid industrialization and has strategically important geo political location, is neighbor to large economies- India and China, has big skillful diaspora similar to India or China and a (flawed) democracy.

@makisekurisu4674 Жыл бұрын

Ikr, Nobody seems to like making videos about Bangladesh for whatever reason. Despite being very geopolitically and economically important to the world.

@azahel542 Жыл бұрын

@@makisekurisu4674 Probably because it's just India B

@artman12 Жыл бұрын

Bangladesh just surpassed Pakistan in all economic sectors 👏👏👏

@artman12 Жыл бұрын

@@azahel542No.

@GeoFry3 Жыл бұрын

This is a country that badly needs Starlink and a big effort to push educate the kids to work in the digital economy.

@ariochiv Жыл бұрын

How can a country that is sinking below the ocean have a "Stability & Confidence" rating of 6/10?

@Itried20takennames Жыл бұрын

I sort of get that. Plenty of countries have faced a major crisis, including existential ones. Some had good systems and continued to have an effective organized resistance to the threat,…and won, some did the same and still lost, some fell into total chaos and panic pretty quickly. And the manner of this response is independent of the threat itself and makes a difference to chances of success.

@DXPetti Жыл бұрын

Great to see Tuvalu get some air time. Sadly, they are not alone. Kiribati (bit further east from Tavalu) is in exactly the same situation, minus the Twitch income...

@gordontaylor2815 8 ай бұрын

The Pacific Island nations will probably still exist as sovereign entities "on paper" even if the citizens have to move somewhere else (probably Australia or U.S.A.). This would be to protect the legal rights of the former citizens, especially for the resources in the EEZ (exclusive economic zone) around the now-uninhabited islands. An outside military power (again, probably Australia or U.S.A.) would have to enforce those rights, but I believe the legal existence of nations like Tuvalu and Kiribati will be allowed to continue (for legal protection reasons if nothing else) as long as its former citizenry (and their descendants) are still alive.

@EconomicsExplained Жыл бұрын

The first 100 people who sign up using the link in the description will have 10 extra trees planted in their name! www.wren.co/start/economics

@fii_89639 Жыл бұрын

I wonder if a country could just go "fully remote". If everyone in the 'country' is working abroad, do you really need a country to physically exist? It could just be an uninhabited island in the middle of the ocean where companies are registered and internet domains exist in theory (all hosted by international providers), it conducts remote voting and all the functions of government remotely, etc. Love remote working? Try remote citizenship!

@TaLeng2023 Жыл бұрын

I actually suggested they build more in stone so when the island does sink, it can be turned into a tourist spot. Would be pretty unique to scuba dive into a town and the island would still make money even when uninhabitable!

@gordontaylor2815 9 ай бұрын

I think "fully remote" is what will happen to Tuvalu in the second half of this century. The entire civilian population will be evacuated to somewhere else (probably Australia), but the country will still exist "on paper" as a sovereign entity. The military of a different country (either Australia or U.S.A.) will have bases on the remaining pieces of land above water to protect and enforce the claims of the remaining Tuvaluan citizens and their descendants to the resources of the EEZ (exclusive economic zone) Tuvalu currently has.

@nathaniellong4281 Жыл бұрын

I still want Ghana. They have the goal of becoming the first developed economy in Africa. I would love your analysis to see if they can really do it.

@give_me_my_nick_back Жыл бұрын

even without the land they might start selling their passports for people on the run and such

@jimmcneal5292 Жыл бұрын

Actually a very good idea for them

@niklasmolen4753 Жыл бұрын

With such a small population it would quickly erode the passport's credibility.

@jonhelmer8591 Жыл бұрын

Yeah, the right to issue passports is the sort of thing you should be able to leverage.

@TheGahta Жыл бұрын

Issue from where? Once they are living elsewhere they lose the ability to do much of anything, plus their citizens will adopt into other nations realistically

@blumoogle2901 Жыл бұрын

More likely, they can offer sweetheart tax deals to host the headquarters of big companies capable of being completely remote work centerred as soon as high bandwidth satalite Internet is consistent and stable. All they need is a rich almost-retired founder/investor who lives on their yacht most of the time willing to declare Tuvalu their home port and care more about keeping paparazzi away than having their second ship deliver whatever they need to their semi-independent manshion estate/private port every two weeks. Even two exotic billionaires building a retirement retreat mansion and services complex on the island with all the comforts they can afford will move the entire countries' needle for quality of life.

@rbn1111 Жыл бұрын

Where is the video on Poland? : " ) I've been waiting for it

@fiszu457 Жыл бұрын

Wanted to ask the same thing

@thatvexiol Жыл бұрын

That will come by the end of this month or the begging of next month

@rbn1111 Жыл бұрын

@@thatvexiolu a patreon? : )

@Owlr4ider Жыл бұрын

The case of Tuvalu is perhaps the perfect example of why widely different economies simply can't be judged based on the same measures. Growth for a nation like Tuvalu is very different from growth for a nation like say Australia or the US. As EE said himself, Tuvalu has 0 industry and all its economic output comes from overseas. Therefore the growth Tuvalu's economy is seeing is sheer luck(.tv domain) or rising salaries around the world which directly impact Tuvaluans working abroad and sending money back home. The point is, for a nation like Tuvalu the growth statistic is utterly meaningless as it has nothing to do with the nation itself. The video on Somalia also showcases this from a different angle, as in Somalia's case the growth was caused by people switching over from the unofficial(black) economy to the official one, not the official economy actually doing any better. Basically what I'm saying is that the different economy classifications, from advanced to undeveloped require different statistics to evaluate them. Putting them all on the same scale judged by the same metrics(those of advanced economies) vastly skews the reality on the ground. It doesn't help that even within the same economic classification other than the top one(advanced economy) the differences are quite extreme. Tuvalu's economy is nothing like Somalia's which is nothing like Lebanon's yet they're all 'undeveloped economies'.

@Zacx246 Жыл бұрын

Can you do Caribbean nations like Barbados, Jamaica, Trinidad, and Tobago, etc? We need more focus on Small Island Developing (SID) nations

@normalyoutube495 Жыл бұрын

Isn't Trini' developed now?

@Zacx246 Жыл бұрын

@JJQuilon T&T is still classified as a "developing country" like most Caribbean islands.

@Stone56373 Жыл бұрын

Dominican Republic and Bahamas are the two only decent countries in the caribbean

@normalyoutube495 Жыл бұрын

@@Stone56373 Trinidad? Saint Kitts Nevis, Dominica????

@Zacx246 Жыл бұрын

@poland9904 Barbados and T&T are punching above their weights in the Caribbean.

@clauselsborg7369 Жыл бұрын

@evemorisset6807 Жыл бұрын

I get a lot of recommendations for Jessica Darrell from friends. Her strategy must be good for people to testify a lot about her.

@clauselsborg7369 Жыл бұрын

For real she's very profitable

@clauselsborg7369 Жыл бұрын

Whole life is a joke in every sense, the investment side of a whole life policy gives the poor return and stabilized the rich

@clauselsborg7369 Жыл бұрын

@jessica__darrell

@tyrport Жыл бұрын

Not only is the ocean rising, but the island is sinking.

@douglasmackallor Жыл бұрын

Nice summary. Another asset Tuvalu has is its territory and its exclusive economic zone. This total mass carves out a big chunk of the South Pacific. Fishing rights (if respected) and unexplored mining rights could be a potential goldmine. It also holds a strategic second island chain, which could benefit if it played off China and the U.S. against each other.

@gordontaylor2815 9 ай бұрын

It is very possible that 50-60 years down the road Tuvalu might have been evacuated of its CIVILIAN population due to the rising ocean levels, but a different country (probably either Australia or U.S.A.) has military bases on whatever outcrops of land are still above water to protect Tuvalu's EEZ. The country of Tuvalu would still exist "on paper" as a legal sovereign nation, but in practice the only thing left in the real world above water would be those military bases. Why do this? So that when the islands do have to be evacuated, the legal rights to the resources of the EEZ would be protected and managed by someone the Tuvaluans would trust to properly take care of them. (Read: NOT China or Russia!)

@stevecatpatrick8056 Жыл бұрын

Tuvalu needs to think of itself as a business that needs to be liquidated. They need an evacuation plan, should create a deal with a large country to create the smoothest permeant evacuation plan possible. Maybe choose a part of Tuvalu that can be turned into a great tourist destination that provides income to assist in the transition.

@ross-sy7rh Жыл бұрын

Your economic leaderboard is the very definition of the cruel science.

@masterchinese28 Жыл бұрын

I still remember the Tuvalu dancers performing at the Pacific Festival of Arts (PacFest) in Guam in 2016. This video made me realize: 1) the cost of even attending the event was significant for those who came and 2) they represented a substantial part of the population.

@Unknowngfyjoh Жыл бұрын

Stability is fine when it's gonna be underwater? 😂

@leonlbc Жыл бұрын

5:50 Isn’t the Great Britain country domain actually “ .uk” ?

@beatenplastic Жыл бұрын

I love how you're Australian and somehow used an outdated AUD denomination (by 40 years!)

@give_me_my_nick_back Жыл бұрын

they should try to petition joining Australia :D

@gilgabro420 Жыл бұрын

They would loose the tv domain...

@give_me_my_nick_back Жыл бұрын

@@gilgabro420 dunno, Russia kept Soviet Union su domain so there is some room for exceptions especially with all the websites using it

@gilgabro420 Жыл бұрын

@@give_me_my_nick_back maby don't know there policy on that but the economic benefits would be limited. Also not 100% the same situation. Just using Australian dollars might make sense.

@TheSwedishHistorian Жыл бұрын

@@gilgabro420 they would basically sell their sovereignty and sea zone in exchange for welfare for all their people and citizenship

@agnishom Жыл бұрын

Totally. Australia could call it a state, and help them build a strong tourism industry.

@ajp3912 Жыл бұрын

I hope the Philippines will be covered soon in this channel. I guess it would score between 3 and 4 (hoping it won't get less than 3).

@user-dz4eb5rb3g Жыл бұрын

He covered it three years ago

@masterchinese28 Жыл бұрын

Mabuhay! I just left the Philippines yesterday, one of my favorite places on the planet. I'd definitely give it a higher score!

@LeonAnilom Жыл бұрын

When the last person leaves the island, it will be occupied by a major power like China, Australia or the US and dredged into a naval base.

@falconnm Жыл бұрын

No deep water access or harbor 😢 Probably will be an airbase not a naval base! 😉

@ArawnOfAnnwn Жыл бұрын

That'll be too on the nose and likely lead to horrible press coverage. It's also not clear if the country will actually disappear legally. It may have a government in exile that still holds claim to the territory, even if they only manage their people abroad. Sure it'll be a powerless govt., but given the massive controversy that doing such a thing will generate, it's most likely the remains of the island will be turned into a kind of monument by the climate movement. People may not live there anymore, but they will visit it to make a point.

@gordontaylor2815 9 ай бұрын

@@ArawnOfAnnwn SOMEONE will occupy the islands to protect the EEZ (and resources inside it) Tuvalu currently claims. The only questions are "Who will do it?" and "Would the Tuvaluan government in exile be OK with whoever's doing it?" If it's Australia or the U.S.A. doing it, there shouldn't be any problems. If it's Russia or China, there will be problems.

@ArawnOfAnnwn 9 ай бұрын

@@gordontaylor2815 "If it's Australia or the U.S.A. doing it, there shouldn't be any problems. If it's Russia or China, there will be problems." - tell me your biases without telling me your biases lol. 😅

@EveryoneWhoUsesThisTV Жыл бұрын

Tuvalu Spaceport! :) Tuvalu is quite close to the equator and the USA, it could become a space launch hub (but there are other less developed pacific islands that are closer to the equator still). But if they can offload shipping containers then they can offload rockets from companies like Alpha, who need commercial launch sites as close to the equator as they can get... $$$ Tuvalu is 20 degrees closer to the equator than Florida based sites, that's a big payload gain! Shipped from North Tuvalu Spaceport :)

@EveryoneWhoUsesThisTV Жыл бұрын

@@slevinchannel7589 To what end? :)

@EveryoneWhoUsesThisTV Жыл бұрын

@@slevinchannel7589 I was asking... what for? To what end? Why? My comment was about economic options, not Tuvalu sinking.. I'm just not seeing the connection between watching videos about a subject I'm already familiar with, and my original comment... :)

@user-dv8qk6zr2k Жыл бұрын

Please make a video about Fiji!❤

@JD-se2rt Жыл бұрын

Sadly, this is the single WORST compilation of EE. 1. "builds up quickly over decades" = FACT 3.9cm over 100 years is not "quick" on any reasonable measure 2. University of Auckland peer-reviewed study (2018) used satellite imagery to measure Tuvalu's changing land area over four decades. Between 1971 and 2014, it showed, the country grew by more than 73 hectares, or 2.9 per cent

@franta_jemelka42 Жыл бұрын

Could you guys do video on economic methodology?

@ChippiesBR Жыл бұрын

Well this was very uplifting thankyou!

@jimsouthlondon7061 Жыл бұрын

Floats above the rest

@iambergeson Жыл бұрын

Would love to see Mauritius 🇲🇺 on the leaderboard

@spaceshuttledoorgunner125 Жыл бұрын

So, in a nutshell, it's an Anzac cheaper labor island that will eventually perish and create climate refugees. Why not just give them an island to relocate and continue their culture if they wish so instead of being integrated in to a society that will likely treat them as low cost labor refugees, they may continue to thrive with the ocean.

@manyseas1219 Жыл бұрын

it might be cheaper to integrate them into australia and new zealand, because 12k people isnt a lot and many from this island already work for australia

@spaceshuttledoorgunner125 Жыл бұрын

@@manyseas1219 indeed, it takes effort to restart. that is why i mentioned "if they wish". besides, compared to the money spent on proxy wars these days, am sure their relocation cost would be a drop in the water compared in size of the vast ocean of weapons

@simonteesdale9752 Жыл бұрын

Part of the issue with that is that Pacific culture is very connected to the land. It's easy to say "Just move" to a group of people, but as the Brits have shown, people tend not to like that.

@matthewlong883 Жыл бұрын

The Funafuti atoll of Tuvalu (0:10) looks like a head.

@MaZe741 Жыл бұрын

Tuvalu: We will be wiped off the planet in just a few years Russia: Hold my vodka

@jimmcneal5292 Жыл бұрын

Ahahaha, true

@ArawnOfAnnwn Жыл бұрын

Lol this isn't even close to being true.

@MaZe741 Жыл бұрын

@@ArawnOfAnnwn in fact, Russians do consume a lot of vodka, so the assumption that they would be holding (a bottle of) vodka is perfectly fair

@Nagria2112 Жыл бұрын

personal carbon footprint? that was literally invented by BP as a PR campain LOL

@shawndavis1480 Жыл бұрын

Tuvalu's leaders are like athletes who play well on losing teams: they're balling out, they just don't have anything to work with 😪

@rylucia Жыл бұрын

As always, an interesting and entertaining video. I know nobody can predict the future, least of all economists (😂) but would you considere another channel with hypothetical answers to some of these issues and what there impacts could be. EG Tuvalu made a bigger port, would this decrease cost of living, could they import things to add value to then export them again, if the port was also a marina would this attract tourists with money to visit on their jollies across the Pacific... Not a 'should do' video, but just to explore economic concepts in these specific contexts. Thanks again 😊

@Hochspitz Жыл бұрын

I Wish I could visit Tuvalu before it sinks.

@jimsouthlondon7061 Жыл бұрын

Or go to Dubai there must be something else to do there other than go shopping

@ElectricIguana Жыл бұрын

Tuvalu looks like a profile picture of Dustin Hoffman.

@afnankhan43001 Жыл бұрын

That's some asgard level talk in the end

@pizzagogo6151 Жыл бұрын

Thanks for discussing somewhere a bit different, I’m sure all of us have much better awareness of this island nation now. It’s terribly sad to hear but it just seems it’s one of those situations that will inevitably get worse. Very unfortunate for its population...😢

@warwick.schaffer Жыл бұрын

3.9 mm per year sea level rise is misleading. you can only get this if you take a recent short term time snippet and measure from a low point to a high point. to be statistically significant you need a time period of about 60 years if you take this the average sea level rises per year is more like two millimetres.

@sephondranzer Жыл бұрын

What does pegging 1 country to another mean really? Like - why don’t most countries just make a new currency and peg it 1-1 with the dollar? Is it not that easy, or not that advantageous?… I don’t get how Tuvalu pegged their currency to AUD 1-1.

@justcallmetich7417 Жыл бұрын

Well the currency is mostly pegged to what the country has in its reserves since Tuvalu has alot more Australian dollars than US dollars it makes sense to peg it to Australian dollars. Furthermore, if they wanted to peg the currency to the US dollar they would need to by them

@DrInoobs Жыл бұрын

Literally just means you can go and exchange a Tuvaluan dollar for an Australian dollar. A peg only works as long the country pegging their currency, such as Tuvalu to Australia, has enough foreign currency they pegged their currency to in their reserves. Countries do it to give more stability and confidence to their own currency, since people wont demand to get paid in a different currency etc if they know they can just go to the bank and exchange their money for another countries more stable money whenever they need it.

@The4thArtificer Жыл бұрын

The simple version of an answer to your questions: Currency pegging is simply the act of setting a fixed exchange rate between two currencies. A government or financial institution (even an individual) can attempt to set a fixed exchange rate between two currencies at any time. In order to do so successfully, the rate setter must establish trust that they will always facilitate exchanges between the two currencies at the set rate. It is easy in principal, but not in practice, and when done successfully can provide long-term predictability of exchange rates for business planning and help to promote economic stability.

@toboterxp8155 Жыл бұрын

Just means you can always swap them 1:1 with the government of Tuvalu.

@sephondranzer Жыл бұрын

Appreciate all the replies!

@zacharywong483 Жыл бұрын

Really informative video, Economics Explained team!

@ukeyaoitrash2618 Жыл бұрын

Sounds like a very... fluid situation!

@secrets.295 Жыл бұрын

Do Malaysia next

@TheAdamAdy Жыл бұрын

10:55 the Doug Demuro of economics

@likebot. Жыл бұрын

Tuvalu is actually exceedingly lucky that tourism is almost nonexistant there. If it became a popular destination it would price the locals right off the island long before they become climate refugees.

@davianoinglesias5030 Жыл бұрын

😅This sinking country is way wealthier than my country. Could you please do an episode on East Africa especially with its relations with China

@Articulate99 Жыл бұрын

Always interesting, thank you.

@virgilxavier1 Жыл бұрын

I imagine they could do really well by providing luxury villas to long-term ultra-rich part year residents.

@henrytang2203 Жыл бұрын

12,000 people is not that many to relocate. I'm sure it would be relatively easy to find new homes for these people in nearby countries once the sea gets close to swallowing the island.

@E4439Qv5 Жыл бұрын

One slight problem there is "nearby countries." Kiribati, Fiji and Tonga are also battling sea level rise. And it's about as far away from Australia as it is from Hawaii.

@JCtheMusicMan_ Жыл бұрын

You helped me realize that an Economy can be thought of like a personal budget for a country. Assets vs liabilities, input vs output, money in vs money out. You also drew a parallel between economy and a business. I also learned about its internet country code. Unfortunately, my Economics Explained economic epiphany was short lived when my brain began to overheat and short circuit on the thought of all the uncontrollable and unknown variables to factor in 🤯 Excellent lesson! ❤

@chrisx1138 Жыл бұрын

Would love to see an episode on Timor Leste

@patrickbennetsen5680 Жыл бұрын

The land area has actually risen 2.9% in the last four decades contrary to popular belief 1:11 3:12

@Unknowngfyjoh Жыл бұрын

I'm going to Tuvalu this summer

@heptex8989 Жыл бұрын

And if the island suffers a random flood?

@maverick9708 Жыл бұрын

sinking economy, sinking island... *GROWTH: 10/10*

@rainerwahnsinn2150 Жыл бұрын

Funny to think that 10% of your economy is depending on having some random guy dozens of years ago write two letters in a table.

@los3soles Жыл бұрын

Great videos, When will you do Colombia?

@sandeepakariyawasam5216 Жыл бұрын

Sadly many islands will be under water as the things going by

@dilligafwoftam985 Жыл бұрын

Wow, at 5:10 you had a picture of a paper Aussie dollar. A lot of Aussies wouldn't know what one looked like ... thanks mate. 🤓🇦🇺

@nomore-constipation Жыл бұрын

3:30 Is it me or do you see a face from when you look at the country from the sky (downward)?

@myselfyuvi Жыл бұрын

Tuvalu being ranked higher than Russia, the biggest country on earth with lots of oil and natural resources and also nuclear weapons, speaks volumes about the quality of this EE index! It is beyond bizarre by now. ✌️

@puppyramen Жыл бұрын

I cannot tell if this is sarcastic or not.

@0x0michael Жыл бұрын

I think i'll be moving to tuvalu

@victorpoulsen4902 Жыл бұрын

Great video👏 would you ever consider covering Greenland?

@andrewholliday4669 Жыл бұрын

The impact from rising seas is actually a bit more complicated than the 3.9mm per year might suggest. Small tropical island nations gain land from wind deposited particles, with the result that they slowly change shape while changing little in total land area.

@lbgstzockt8493 Жыл бұрын

It's remarkable that there are much bigger countries with significantly worse scores, good job tuvalouans!

@ryuail Жыл бұрын

Pertaining to your ad-read: I'll worry about my carbon footprint as soon as the industrial behemoths do something more than just number-fudge their own carbon footprint. Even if every human was individually carbon-neutral, which is an impossibility, it still wouldn't put a dent into annual co2 emissions. So yeah, if I have to live in the world that burns around me, I may as well be comfortable when doing so. Call me up when fracking stops being a thing.

@hlo695 Жыл бұрын

Tuvalu tied with Argentina hahahaha I’m sorry, I couldn’t keep it straight after seeing that

@JohnnySemor Жыл бұрын

Maybe a video on the economic costs of Climate Gate.

@Drakshl Жыл бұрын

I didn't realise this country had the population of the town of sowerby bridge..

@ThreeRunHomer Жыл бұрын

Now it’s time to put Sowerby Bridge on the Economics explained leader board …

@Drakshl Жыл бұрын

@@ThreeRunHomer besides a near excessive number of local pubs and a booming weed industry I'm not sure if we've got much to talk about XD

@nikanj 11 ай бұрын

Tuvalu's economy is so small that 10% of it's GDP consists of producing and selling stock videos to Economics Explained.

@mattyphilpotts3745 Жыл бұрын

Great video, but the 'blotchy' shader you put over the first 30 seconds of the video had me seriously worried something had happened to my TV...

@kimyeonahchannel Жыл бұрын

So i have a question. Say that you have 100 dollars. If you spend this 100 dollars on something, you won't actually get anything in return. In fact, you just lost that 100 dollars. But, if you spend that 100 dollars now, you are avoiding paying 200 dollars in the future. Can this be called an investment, when you technically doesn't gain any return from it?

@Hjiel Жыл бұрын

Well, the return is not having a $200 liability in the future. Sounds like a pretty solid investment depending on when the $200 are due.

@kimyeonahchannel Жыл бұрын

@@Hjiel i guess, it's just weird when you think investing in something to make you not poorer, rather than the usual investing to get richer. Because like i said, you just spend that 100 dollars with nothing to show for it

@axl1002 Жыл бұрын

That depends a lot. If you have a headaches and the medicine is $200, but for only one buck you can buy a bullet and cure all your future headaches permanently EE may call it a good investment.

@zorts91 Жыл бұрын

Saying that Tuvalu is sinking is wrong or at best highly misleading. Tuvalu has seen a increase of total landmass of 2.9% from 1971 to 2014. Do not just regurgitate what other media or sources say, look at the actual research about the things you present as fact. Search "Patterns of island change and persistence offer alternate adaptation pathways for atoll nations" for the research paper about this from University of Auckland.

@isbestlizard Жыл бұрын

A rich billionairre should pay to have all the inhabitants emigrated to Australia (offer them like, $500,000 each to get settled) and use it as their private island.

@isbestlizard Жыл бұрын

Oh my god they could get the tuvalons to have a referendum to replace their queen with the billionairre he could literally become a KING and run his own country as head of state :D

@3dz3dz Жыл бұрын

youre really going to give a country with an unavoidable existential crisis a 6/10 for stability and confidence? 0 or 1 is only appropriate.

@ajc3267 Жыл бұрын

Why don’t you do the Gambia 🇬🇲 next 😅

@bastroman4845 Жыл бұрын

as much as i appreciate the economic dives into all the interesting places in the world id hope you could throw in a zesty economics explained on a particular sector like energy for example, theres been reported breakthroughs in all kinds of technology but when reading those i never get detailed cost breakdowns unbiased or so i feel.

@CLAMMOR Жыл бұрын

0:01 Tuvalu kind of looks like Peter Griffin's head, geographically.

@404-usernotfound6 Жыл бұрын

for a country that the thumbnail said will be literally non existent by 2050 thats an awfully high stability and confidence score lol

@racingfortheson Жыл бұрын

Plane ticket from Texas to Tuvalu is $8200!!!🤯🤯🤯🤯💀💀💀💀

@jb2353 Жыл бұрын

Can you analyze the Bahamas? I'm always curious about the economics of Island nations

@TheJon2442 Жыл бұрын

A lot of hot air with little content!

@fabiolimaunb Жыл бұрын

Tuvalu above argentina and close to Brazil seems right, no Joke.

@Moemuntz Жыл бұрын

Argentinians and Turks have left the chat.

@puddingfaustvt Жыл бұрын

Why does Tuvalu look like an angry Alfred Hitchcock looking to the left? 3:29

@mjdally82 Жыл бұрын

Shout out to the Aussie single note $🤩

@cristianfamigliuolo Жыл бұрын

Ukraine before the war was not a very different nation, large landowners and state industrialists but the mass of capital was the remittances of carers working abroad.