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The Science of Everything Podcast

Episode 107: Cultural, Geographic, and Political Explanations of Poverty

The Science of Everything Podcast

James Fodor

Natural Sciences, Science, Social Sciences

4.8750 Ratings

🗓️ 15 June 2020

⏱️ 74 minutes

🧾️ Download transcript

Summary

In this fifth part of our series on economic growth and development, I examine the major factors that have been advanced as explaining differences in growth outcomes between countries. I provide a summary of the arguments and evidence for and against the importance of culture, dependency, democracy, geography, education, and institutions in accounting for differential growth outcomes, and conclude with a comparative empirical analysis in which I argue that institutional differences explain the majority of growth differences. The Recommended pre-listening is Episode 106: Economic Growth and Development Part IV. 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, 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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