Why Eritrea Might Be The Worst Economy In The World

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You are way to positive about the "diaspora tax", it is basically extortion and relatives in Eritrea are threatened if you don't pay up. Emmigrants from poor countried already send lots of money home to loved ones.

“Things are never so bad they can’t get worse”. Both an important point to remember, and a great book about Venezuela.

About the ad: just as a public service I want to mention that these same information sources are available for free, via your public library card, if you live in the US or the UK.

One of my neighbors is from there. He's an 80 year old man with a big grey beard that can only say 'good' in Dutch. He has the eyes of the sweetest man, that has seen it all. Love and sorrow. Around my flat there's always junk that people throw down but he is always cleaning it on his own. We can talk about politics or economics all day, but stuff comes close to home and heart, when you meet someone like this every day.

"Every successful economy is successful in roughly the same way. Every economic failure is a failure in a unique way." You must be the first economist to make a casual Anna Karenina reference in a piece of detailed analysis. Certainly the first to be this slick about it. Applause

I visited Eritrea about 10 years ago when my mother was working for VSO over there. It doesn't have many of the hallmarks of what one might consider a 'poor' country - like gangs or high crime. Nor were there people starving on the streets. They seem to mostly manage to sustain themselves off of the land. My understanding of the govt is that they are incredibly paranoid of outside influence - and with fairly good reason. Their history is one of abandoned Western promises and war. I can very highly reccomend the book "I didn't do it for you" - which is a story of their history told by an investigative journalist. A truly fascinating book. The people of the country were incredibly kind and generous and its a memory that will always stay with me.

If living in Turkey has taught me anything it’s that it can always get worse

90% of videos and images shown here are not from Eritrea. You could have done simple search online

"Assuming it will be willing to give up power when it is necessary" is a laaaarge assumption

A friend of mine came from Eritrea to Germany in 1990, as a little girl. She and her family had fled from war and poverty. Female genital mutilation was (and has been until very recently) almost universal throughout the country, and unlike her mother, she has been lucky to escape this fate. Just horrible.

The final rateing at the end was just brutal.

I have noticed that many people in underdeveloped and developing countries seem want their countries to become developed overnight, hence they support any draconian measure that seems to advance the country forward even though it does long term harm than good and keep whining that their country sucks and has no future. People need to understand that unless their country has large reserves of oil/gas or other high value natural resources with high global demand or becomes a tax haven, the journey to economic prosperity is a slow and steady process and mistakes in policy making is usual since mistakes are a part and parcel of life. Certain reforms and policies also take time implement and it's effects will not be seen immediately. I hope more people understand this and work with preserverance to develop their countries. No country is perfect. The people must strive to make it as perfect as possible.

I'm an American and grew up with Eritrean and Ethiopian Americans, just my class of 13 people in middle school probably had more Eritreans than there are North Koreans in the US. Isais's regime is terrible and still very authoritarian, but it's not North Korea, it's its own thing.

As someone who was born in Eritrea, it feels weird being born in one of the worst countries only to migrate to one of the best, Norway which is the country i currently live in. lucky my parents knew which country to pick.

My boyfriend is from Eritrea and immigrated here with his mom and siblings. They literally some of the sweetest and kindest humans I know. His mom and older sisters has been through so much but still managed to keep their hearts and minds open. They also did a stand up job raising my boyfriend 🙌🏾❤️

Watching from Trinidad and Tobago 🇹🇹. Can't wait to see a video on us.

Love your channel! Cheers from Puerto Rico.

13:19 great use of Anna Karenina opening line

Crazy how you use videos of Nigeria for Eritrea. Moscow is closer to Paris than Lagos is to Asmara, but Africa is a country I guess.