4.8 • 750 Ratings
🗓️ 15 June 2020
⏱️ 74 minutes
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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, my. Hello, you're listening to the Science of Everything podcast, episode 107, Economic Growth and Development |
0:39.3 | Part 5, Explanations of Growth Differences. |
0:43.6 | I'm your host, James Fodor. |
0:45.7 | So this is a fifth part of our ongoing series in economic growth and development. |
0:50.9 | Recommended pre-listening is, of course, the previous episode, part four on growth theories, |
0:57.2 | and really recommend you've listened to all the prior episodes in the series to really get the most down of what I'm going to be talking about today. |
1:03.5 | So our topic for today's episode is, as I said, explanations of growth differences. |
1:08.2 | And in this episode, what I'm going to look at is finally getting |
1:11.0 | down to reasons of why some countries have experienced much better growth outcomes over the past |
1:17.8 | few centuries compared to others. So in the first episode, we went through various introductory |
1:22.9 | concepts and talk about growth and poverty. The second episode in the series, we talked about |
1:26.5 | the when and where of growth with the history of the world economy. In episode three, we talked |
1:31.5 | about the what of economic growth, which is about structural change and sort of what economic |
1:36.0 | growth and development looks like. In the previous episode four, we talked about economic |
1:41.0 | theories that model the process of growth without necessarily explaining why it happens |
1:45.8 | in some places rather than others. In this episode, we're really coming to the nub of the |
1:50.6 | issue by addressing a number of explanations that have been put forward to really explain why some |
1:55.6 | countries do well and other countries do worse. And I've grouped those under a number of different categories. So there |
2:02.9 | are cultural explanations, dependency-based explanations, democracy, geography, education, and institutions. |
2:09.9 | And I'm going to be talking about each of those in turn. Also, just before getting started, |
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