The economy of Afghanistan is collapsing as remittances and foreign aid dry up. As the militant Taliban consolidate their control over the country, it's unclear whether they will be capable, or even interested, in propping up the economy to prevent further humanitarian crises. Today on Business Daily, we're looking at how the economics of life under the Taliban. Professor Jonathan Goodhand of SOAS University of London, explains how the Taliban managed to generate revenues over the years since the US invasion, from local taxation on commodities, as well as support from sympathetic parties outside the country. Ian Hannan, a British mining engineer, says the Taliban has also benefitted enormously from mining in recent years. Now, the big question is whether they will be able to manage the country's entire economy, and Vanda Felbab-Brown of the Brookings Institution in Washington D.C. thinks Afghanistan cannot survive without the aid it has relied on for decades.
Producer: Frey Lindsay
(Image: Taliban militants in Kabul on August 16th, 2021. Image credit: AFP via Getty Images)