The Anatomy of a Failed State

Listen to this episode from Economics Explained on Spotify. Why do some nations thrive while others collapse? Tolstoy’s famous quote applies to economies—successful nations share key traits, while failed states unravel in distinctive ways. From corruption and weak institutions to war and economic mismanagement, history reveals clear patterns of failure. This video examines why countries like Barbados, the Congo, and Yemen have struggled, while South Korea has transformed into a global powerhouse. Can struggling nations liberate themselves from these cycles? Watch now to uncover the anatomy of a failed state! Learn more about your ad choices. Visit megaphone.fm/adchoices