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The Science of Everything Podcast

Episode 103: Introduction to Economic Growth and Global Poverty

The Science of Everything Podcast

James Fodor

Natural Sciences, Science, Social Sciences

4.8750 Ratings

🗓️ 31 March 2020

⏱️ 71 minutes

🧾️ Download transcript

Summary

In this the first in an eight-part series covering the causes of economic growth and development, I provide an introduction to the key concepts of absolute and relative poverty, different theories of development, and how GDP is defined and measured. I also discuss the differences between rural and urban poverty, give an overview of the different levels of development of various countries around the world, and outline some of the major methodological challenges in studying causes of economic growth around the world. Recommended pre-listening is Episode 12: The Price System, and Episode 56: The Gains from Trade. If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter. https://www.patreon.com/jamesfodor https://www.paypal.me/ScienceofEverything

Transcript

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0:00.0

Oh, wow, oh, oh, wow, oh, wow, oh, wow.

0:13.0

Oh, wow.

0:15.0

Oh, yeah. Hello, you're listening to the Science of Everything podcast episode 103,

0:38.2

Economic Growth and Development, Part 1, Introduction to Poverty and Growth.

0:44.5

I'm your host, James Fodor.

0:46.1

So, at long last, after many promises, I'm finally able to begin my series of economic growth

0:53.2

podcast episodes. As I said, this is going to be,

0:56.6

if all goes to plan, an eight-part series where I'm going to try to endeavor to explain what is

1:02.7

known about basically the reasons why some countries are rich and some countries are poor,

1:08.5

with a focus on trying to explain the divergent growth outcomes

1:13.2

in different countries over the past couple of centuries. So some countries have performed

1:17.9

very well, some countries have performed moderately well, some countries have performed very poorly.

1:22.8

The purpose of this series is to investigate the reasons and the research that have been

1:26.9

conducted into why

1:28.0

this is the case. So, I've done a lot of research preparatory for this podcast episode,

1:34.0

including consulting literally hundreds of papers and doing some of my own sort of statistical

1:39.9

analysis and looking at data and reading a number of books. And this is something that I've

1:45.2

been working on, kind of on and off, obviously, for about two years now. So I hope that you

1:51.6

enjoy it and find it interesting. This is obviously a very important topic in terms of understanding

1:57.2

many aspects of the current kind of geopolitically economic state of the

2:02.3

world. And in the course of this series, we'll talk about a whole range of issues relevant to that

2:08.0

in terms of politics and economics and other issues. So in the first episode, I'm going to focus on

...

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