Tag: Principles of Macroeconomics

Growth Rates Are Crucial

Growth Rates Are Crucial

♪ [music] ♪ [Alex] In our last video, we covered the surprisingly large differences in living standards between countries. But how did we get to where we are? How did these differences come about? Now we’re going to dive into growth rates, and we’re going to see how they affect prosperity. So this graph shows …

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 …