not these for sports heroes. actually it was a weapon, the face, but now we just have to fight their mobilizing super powers. i'm fired up and ready down during walk down the walking go to tokyo, started july 19 d w. ah ah, ah, ah. the economics of depression with violence, crackdowns, corruption and restrictions on freedom, authoritarian regimes not of the home people. they also destroy the economies. the highly skilled and well educated often have the means to flee. but where does that leave the rest of us made looks of the economic impact of repressive governments going against the system. my savvy with us here are 2 examples. bell rows and hong

kong. in both cases, the state meddling in the running of private businesses has gone wrong. we've seen a whole generation take to the streets. those who can pack their bags and left that brain drain can be costly, and the long term effects can be disastrous. the bella roost, as in hong kong peaceful protest movements were crushed by authorities. many highly skilled workers had fled abroad. could that cause those economies to crash? ah, ah, show any jobs. i know i left the room because it's an authoritarian state. me until 10 months ago, the 26 year old program was living in mens with his family. but he moved to poland to gain more freedom. he was among the countries 100000 workers of whom 15000 have

already immigrated. databases borders are currently closed, but experts say further 40000, want to leave. the key workers in bella russo relatively well off earning 5 times the average wage. but for many immigrating is the only way to escape the violence and feel genuinely safe . during the bought, the protests began on the day of the election, bought a liberal talent. there were violent arrests by the police of please. e. somebody arrested my brother. he got badly kick with me over to live and they released him a couple of days later. but there was no court case, nothing g more. then the police visited my parents in the winter. they took my mother is i've been detained her for 15 days to live in general. not that much to

me. my story that's by no means an exception. the test against president alexander lucas shank began almost a year ago despite the crack down small sporadic protests still continue. young people make up the majority of the demonstrators. many of them work in the countries relatively new sector soldiers. busy living and working in an all star, terry and state, these people have different values and they've become a vital element of the protests which began on august the 9th last year. the reason why people have been leaving the country is the fear of reprisals by the authorities. do a lot of them will put in prison the leaving because they see they could also and

behind bars if they stay. a lot of people like me and it's not just people leaving the country. the viber messaging service closed at many offices, while a host of other firms including software company panda doc relocated their bella roo, staff to new branches abroad. last year the internet was shut down here for a total of 9 days. becky place the i t sector is an island of progress in an otherwise outdated and centralized economy . it's been a long, it was 8, generates an export revenue of 2 and a half $1000000000.00. it's useful, it's the only thing that's been a major success in the economy in recent years. well, that's a g d p is currently dominated by agriculture industry and services. agriculture and industry remain largely in state han while the service

sector is mainly controlled by private companies. in 2019, it accounted for 6.5 percent of g. d. p was going fast and last year accounted for half the country's economic growth. while bella ruth faces massive restrictions on political freedom, hong kong is also seeing growing crackdowns on civil rights last summer, peaceful demonstrations against the new national security law were violently broken up by the police. the it was the turning point for engineer gary and his wife, who's a nurse. we talked to the couple one year ago. back then they were making their final preparations to immigrate they now live in australia after the passing of the imposing of the national security law. i just don't want

to talk about anything political or argue with anyone about our point of view because i cannot tell where the lie is. so if i accidentally passed a lie, i may be in trouble. fears evidently shared by many hong kong. ers, this is manifest in the steep rise and applications for british national overseas passports. just over the last 2 years. the figures that tell a story in themselves for a lot of people on the island territory, that passport is essentially an insurance policy, a lifeline in case conditions further deteriorates so far. however, hong kong economy does not seem to have suffered from the ongoing tensions. business remains buoyant in the financial hub and outflow people out of

whose potential threats in the hong kong. so financial standing in the com expanding and then most probably bank will be ready to replace those people and allow some mainland chinese specially ill to migrations. so all factors considered gary doesn't see a chance of things improving back home. he has no plans to go back except under extraordinary circumstances. a mess days. so fears, situation like i cannot stay in australia any more or if my family really need me back in hong kong, then i may consider to go back. but right now, i don't think i have much reason to go back right now. frantisha john is more optimistic about his homeland draws inspiration from this

mural and downtown, brought to us that pays tribute to the bella, russian revolution. mamma, jazz been genetic by them. i hope we will become a democracy and then there'll be an end to the dictatorship. that bella, ruth, will become a land of opportunities, a country that people want to come to and we instead of flee from, but i global investors go giddy when brazil shall hear both sonata came to double switzerland for the 1st time to address the financial wealth. delete a few years back, but they certainly did not get what they hoped for from the new far right. president populace are often toxic to economies, despite their bombastic promises of economic boot types. it's the classic mantra of populous politicians. they promise greater wealth for the masses and protection from the greedy leech, but their policies can be toxic for the economy. steady show,

gross domestic product tends to drop considerably under populist governments. take from the economic policy. a populace leader is often very erratic in an orthodoxy. because they're not focusing on keeping the economy stable in the long term. it's a long lead. instead, they're mainly interested in holding on to power according to economists that the german think tank institute for the world economy and keel. they study populace governments in $27.00 countries, analyzing a total of 70 terms in office. they compared thousands of data sets on economic growth and income distribution, and looked at nearly $800.00 scientific studies. the economists found that 5 years after a populous government comes to power per capita g d, p is 5 percentage points lower than in comparative economies, led by non populous governments. and after 15 years, it's more than 10 percentage points, lower a staggering results. the reasons are many products and the most protect

the tray. tariffs, in certain sensitive industry will protect jobs in state control, a certain politically sensitive sectors, like the media, and even if it's one high level of stay dead on gifts to voters, of course, especially around election time. and the bible folk who was the result is a lot of expenditure. they can't be refinanced, but the populace pledge to protect those on low incomes from the powerful elite. and the impact of globalization is very appealing, the fact that disabling essential pillars of a classic democracy goes hand in hand with massive economic disadvantages is left unsaid. but there are also some unusual approaches, like in el salvador, where president g book away has pledged to make bitcoin an official currency starting in september to me doesn't s to me that's typical of a populous leader,

one or 2 and unorthodox measure, it's very risky and follows the classic pattern, is the actual we'll do anything but what the international community wants us to do . it's not much of that. i think at some point it will become very difficult to keep an overview of payment and track the flow of money within the country. in a very innovative strategy, what you but also carries a high risk the economists. and he'll say that once populism has gotten a foothold, it's very difficult to get rid of it again. then i can hear it as we can see that in argentina. christina, for an under the kitchen was out of office for 15 years, but it's now back in the role of vice president and then think they're basically back to what they were 15 years ago with no progress in terms of stability and democracy plan for what you need to bear the most

important thing. this is misty. i need to strengthen the judiciary, reinforce reelection, bolster civil society and education, and make sure people are informed that will in turn impact voting behavior which can ensure that popular eventually disappears. most of now have you ever wondered why some buildings take forever to get built or how some infrastructure projects failed so miserably? it mostly gets put down through mismanagement, but there's often another reason, corruption, massive bribes paid to secure and you would vantages. and those in charge of the job just aren't up to it. corruption exists in other sectors too. but how can it be fought me? what are the origins of corruption? it's just old as humanity passed, civilizations apiece,

they call us sacrifices. was that already a form of bribery in china? in the 11th century, corrupted officials were punished by the sensor. it was 1st anti corruption agency . it cared less about economic than moral integrity. indeed, corruption means to ruin or destroy, destroy trust value. the entire state some judges, politicians, police officers, doctors, and officials use their power for their personal gain outside law and to the disadvantage of others. here's an example of building contractor treats an official to a luxury holiday. in return, the official gives the contract to permission to build a house and in nature is once the official has been sweetened, he reveals the bids that competitors have submitted for public him. in return for a large bribe. the contract to undercut his

rivals to get the contract, but does a bad job on the cheat. the building collapses. corruption hinders global economic growth, frightens away investors and prevents progress corrupt companies don't need to innovate to win contracts. the price of services and products rise to cover the cost of price. according to the i am in the global damage amounts to $1.00 trillion euro's each year. to both bank says that's the 7 percent pay loss for every $1.00 of us. transposed international, publishes an annual corruption conceptions index in 180 countries. findings. 2 thirds of all countries are corrupt, least corrupt in 2020, with denmark, museum and 9 was germany rank last twist,

ammonia and stuff. the corruption also rises as a result of poverty or wherever it happens. correction homes, the economy under rose morals, whether you're getting bride or taking them breathing, doctors and nurses, or paying them tips for a treatment or a nice a hospital bed at long being part of the system in hungry. the government tried changing that in the middle of the pandemic by substantially raising doctors wages, but it left pay for nurses and no medical stuff untouched. and the $830.00 euros a month isn't much. and that's just one problem with the sweeping reforms. critics actually call stupidity, they blame an incompetent populace government that spots an exodus of workers. like the similar griffin. my name is christina july, i'm 53 and i've been working in.