Tag: Adam Smith Wealth of Nations

Geography and Economic Growth

Geography and Economic Growth

Think about some of the biggest and most prosperous cities you’ve been to. What do many of them have in common? Water. They sit on a major coast or on a major river. This map shows GDP density – how much GDP is produced per square kilometer. You can see that the coasts of the …

Puzzle of Growth: Rich Countries and Poor Countries

Puzzle of Growth: Rich Countries and Poor Countries

[Alex] We now return to the core question of this part of the course. Why are some countries rich and other countries poor? I’m going to lay out various pieces of the puzzle keeping in mind that it’s it’s a complex question with many factors at play which are still being debated. Let’s start with …