In this episode, Noah Smith and Erik Torenberg talk about the world's biggest economies including US, China, Japan, Korea, Taiwan, Russia, Australia, and more, looking at things like inflation, debt, industrial policy, and population challenges. They talk about what each country does well and where they might struggle, and offer ideas about what could happen next.\nThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture \u2014 all from the perspective of industry insiders and experts. We\u2019re launching new shows every week, and we\u2019re looking for industry-leading sponsors \u2014 if you think that might be you and your company, email us at erik@turpentine.co.\n_\nSPONSOR: HARMONIC\n\U0001f9f2 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic\u2019s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine VC during your demo.\n_\nSEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co\n-\nRECOMMENDED PODCAST: Autopilot explores the adoption and rollout of AI in the industries that drive the economy and the dynamic founders bringing rapid change to slow-moving industries. From law, to hardware, to aviation, Will Summerlin interviews founders backed by Benchmark, Greylock, and more to learn how they're automating at the frontiers in entrenched industries.\n\nListen on Spotify: https://open.spotify.com/show/6YQZkKHN7EP2yWedAvSxBC?si=18377c69a2804333\nListen on Apple: https://podcasts.apple.com/ca/podcast/autopilot-with-will-summerlin/id1738163836.\n-\nSPONSOR: BRAVE\nGet first-party targeting with Brave's private ad platform: cookieless and future proof ad formats for all your business needs. Performance meets privacy. Head to https://brave.com/brave-ads/ and mention \u201cMoZ\u201d when signing up for a 25% discount on your first campaign.\n-\nLinks:\nNoah Smith's Noahpinion https://www.noahpinion.blog\n-\n\xa0X / TWITTER:\n@noahpinion (Noah)\n@eriktorenberg (Erik)\n@TurpentineMedia (Turpentine)\n-\nTIMESTAMPS:\n(00:00) Intro\n(01:03) U.S. Economy: Trends and Concerns\n(08:01) Transition to China's Economy: Massive Property Bust\n(15:28) Sponsor: Brave | Turpentine\n(21:36) Segue to Japan's Economy: Key Hub of the Electronics Manufacturing\n(30:11) Korean Economic Struggles\n(33:05) South Korea's Technological Capabilities and International Relations\n(34:14) Exploring Taiwan's Economy and Challenges\n(36:22) Indonesia's Manufacturing Shift\n(37:55) Vietnam's Economic Strategy and Development Needs\n(40:31) India's Poverty Reduction and Infrastructure Investments\n(44:26) Pakistan Economic Mismanagement\n(48:38) Philippines: Underrated Investment Destination\n(49:33) Transition to Australia: The Progressive Utopia\n(52:02) Russia Economy at War\n(59:59) Wrap