Free Markets Forced to Confront Crony Capitalism

The video discusses the relationship between governance and economic growth, focusing on Malaysia and Indonesia. It highlights how Malaysia, once a well-run country, is now lagging behind Indonesia due to cronyism and governance issues. The video explains how markets react to governance changes and the time it takes for scandals to impact markets. It also explores the rise of nationalism and its potential to increase cronyism. The discussion extends to US politics, examining the impact of Trump's policies on global cooperation and the economy.

What are the key differences in governance between Malaysia and Indonesia as discussed in the text?

How has the perception of Malaysia's economic performance changed in recent years?

What role does cronyism play in the economic performance of a country according to the text?

Discuss the implications of populism on global trade as mentioned in the text.

What lessons can be learned from the economic situations in Malaysia and Indonesia?

How does the text describe the relationship between governance and market performance?

What are the potential consequences of a shift away from globalization as indicated in the text?