The Economy: 9. International Trade and Currency Markets
The reason we can eat pineapples and sell aeroplane parts. But why might the value of the pound fall and what does that mean if it does?
The reason we can eat pineapples and sell aeroplane parts. But why might the value of the pound fall and what does that mean if it does? Tim Harford explains who wins and who loses if the pound is cheap against the dollar and economic historian Victoria Bateman tells the story of a trade deal with Portugal that flooded England with wine and Port.
Everything you need to know about the economy and what it means for you. This podcast will cut through the jargon to bring you clarity and ensure you finally understand all those complicated terms and phrases you hear on the news. Inflation, GDP, Interest rates, and bonds, Tim Harford and friends explain them all. We’ll ensure you understand what’s going on today, why your shopping is getting more expensive or why your pay doesn’t cover your bills. We’ll also bring you surprising histories, from the war hungry Kings who have shaped how things are counted today to the greedy merchants flooding Spain with Silver coins. So if your eyes usually glaze over when someone says ‘cutting taxes stimulates growth’, fear no more, we’ve got you covered.
Guest: Professor Richard Davies, The University of Bristol
Producer: Phoebe Keane
Researcher: Drew Hyndman
Editor: Clare Fordham
Theme music: Don’t Fret, Beats Fresh Music
A 91Èȱ¬ Long Form Audio Production for 91Èȱ¬ Radio 4
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- Thu 1 Dec 2022 13:4591Èȱ¬ Radio 4
- Sun 12 Mar 2023 00:1591Èȱ¬ Radio 4
- Fri 17 Mar 2023 14:4591Èȱ¬ Radio 4
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