Economist Podcasts End-Gulfed: Preparing for a post-oil future
Feb 14, 2023
Greg Karlstrom, The Economist's Middle East correspondent, shares insights on how Gulf states are modernizing and liberalizing in anticipation of a post-oil world. He discusses cultural shifts, economic diversification, and the rising living costs that threaten political stability. Meanwhile, Henry Tricks analyzes BYD's meteoric rise as a contender in the electric vehicle market, challenging Tesla with innovative strategies. They also humorously highlight the environmental dilemma of wet wipes creating islands along the Thames, sparking a conversation about pollution and regulations.
AI Snips
Chapters
Transcript
Episode notes
Rising Cost of Living
- The cost of living is rising due to new taxes and reduced subsidies, creating economic pressure.
- Many development projects seem to cater to elites, excluding many citizens and causing discontent.
Political Implications
- Gulf monarchies face long-term concerns about citizen prosperity in a post-oil era.
- Ensuring a good life for citizens is crucial to avoid future political issues.
Tesla's EV Goal
- Tesla aims to produce affordable mass-market electric vehicles.
- Even gas-guzzling Ferrari plans an electric supercar, indicating industry-wide change.