Jacob and Rob take a deeper look at a recent World Bank study that purports to show how countries can increase investment…and in so doing reduce poverty and inequality. They tease out some of the assumptions the report makes but also point out how to think about the countries that will succeed in a multipolar world. They also check in on a few geopolitical hotspots: the Red Sea, Ecuador, and Germany…before a mea culpa about Ethiopian Airlines.

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Timestamps:

(00:00) - Intro

(03:14) - Red Sea Update

(14:00) - The World Bank

(24:40) - Let's talk about state institutions

(32:43) - Multipolarity, protectionism, & the destabilizing influence of unchecked capital flows

(40:53) - Germany

(45:50)- Ecuador: What cocaine and the Catholic Church have in common

(54:07) - USA, USA, USA

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Referenced in the Show:

Protectionism: https://www.fdiintelligence.com/content/data-trends/protectionism-trade-restrictions-reach-an-alltime-high-82637

2023 Global Cocaine Report:

https://www.unodc.org/documents/data-and-analysis/cocaine/Global_cocaine_report_2023.pdf

World Bank 2024 Economic Prospects: https://openknowledge.worldbank.org/server/api/core/bitstreams/7a21a380-5c54-4a8d-9c54-22180abb1adb/content

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Jacob Site: jacobshapiro.com

Jacob Twitter: x.com/JacobShap

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Cocaine and the Catholic Church

The Jacob Shapiro Podcast