Productivity and Growth: Crash Course Don't Do These 5 Things With 3 months ago   08:51

Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is mor productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people. And, there's a mystery.

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Comments 1125 Comments

Warren Harrison
I love how economic videos color code people when talking about wealth. Imagine if the did that for basketball, sprinting or penis size.
Fei Cheng
3:58. The End, is near!
Maruha Starshaya
It's about production and consumption: poor countries producing nothing while consume products
Nana Kwaku Akrofi
Love from Ghana!🇬🇭🇬🇭🇬🇭🇬🇭😃
90% of the comments are about his AC/DC belt ......that’s 2019 for ya😂
Haley Portillo
That AC/DC belt with work dress attire hurt my brain
1:55 i believe the reason why some countries are poor revolves around two things:
1)People- people are both an asset and a liability of a country it just depends on where they bend more, whether their more productive or more of a consumer
2)Regulations and taxes- governments who are often uptight of these two usually observes economic downturns. Take San Francisco as an example, high taxes and building permits takes forever to be approved results to businesses moving out of the country.

edit: sometimes it all just depends in the communities mentality. If they're lazy they are a liability to their country but if they produce goods at an extremely large quantities they're more of an asset to your country

by asset and liabilities I'm referring to how Robert Kiyosaki defines them. Asset is something that gives you money while liabilities is something that take away that money
Papa Yaw Agyekum Addo
Ghana 🇬🇭🇬🇭
Sarath SunilDutt
Does anyone else think Mr. Clifford is fast speech person? Thanks YouTube developers for the speed option. I had to put him in 0.75X or sometimes maybe 0.5X to catch up to him.
Kenneth and Teezy53
this is a fact?
Queen swift deserves the world
2:56 who Aloysius are you referring to?
Álex Rosas
I love this guys S2
Dylan Kusumo
This video helps me for research, it's very intreststing
A lot of people bring up the topic of colonialism and oppression. That is a very pessimistic, but understandable world view. Since I support limitless freedom of thoughts, I welcome you to have whatever opinion youd like to have, despite my disagreement. Domination and exploitation has undeniably been part of history, but its net influence to success has significantly decreased over time, let me explain why I believe so.

As far as I can see it, western society's standarts and developments were no secret, ever. Our markets, our law system, our technology and our political structures are the biggest contributors to our wealth. Take middle eastern countries for example. They could have easily adapted to all of what we figured out over the course of hundreds of years: Democracy, open markets, a secular state, our lawsystem. All of this worked observably well for us. Why did they not adapt?

China used to isolate itself. Just few decades ago, they adapted to open trade markets and created a globally tolerable political stability and BOOM: From poverty to strongest market force and still developing upwards.

I see cultural ignorance when it comes to the differences in wealth. The middle east, for example, has - out of tradition and religion - largely not agreed upon adapting to what we in the western world figured out to be most succesful and now they pay the price for it. It is not that they are poorer, we are just richer, because we developed faster. They are where we were hundreds of years ago.

Out of moral virtue we assign this circumstance to be our fault - as the developmental more successful culture, we are sceptical towards our own success, which is fundamentally a healthy thought. It is easy to find reasons, why we could consider ourselves oppressors, because there are some instances in form of examples, in which we did and still do indeed exploit these nations. As for my opinion though, those instances are rather rare and certainly not the main contribution factor to the situation we are in.

Poverty has halved during the last 10 years, majorly because of westerners initiating global trade with underdeveloped regions. Almost all of the technology used all around the world comes from us and its knowledge is almost free to use for other countries. In my opinion, we do carry them to success more than we exploit and oppress them.

When there is a winner, there must be a loser, but unlike in poker, it is not nessecarily the winners fault, that there is a loser. The loser can still develop, but if the winner develops just faster, it will on surface always appear like one is dragging the other down, despite this not being actually the case.

With growing success of our strategy, the influence of it has increased. With growing possibilities of communication, there is less and less excuse for ignoring it. With the consistent factor of ignorance towards a system that is being perfected more and more, the influence of such ignorant behavior becomes more and more the main factor of wether you succeed or not.
Samantha Delorme
The word “countries” is spelled incorrectly at ~3:35...
Vukasin Spasic
To increase productivity country needs resources. Most developed (read productive) countries are what they are just because of harsh exploitation of other countries and slavery. Now days, since "human rights have developed" and one cannot just simply kill and seize, that is done by "bringing the democracy".
2nd - most developed countries passed the industrialization period with enormous pollution, and now they accuse developing countries for polluting. I'm not saying pollution is good thing, I just want to emphasize the unfairness.
Economics are much simpler if you have an army and unarmed undeveloped object to exploit. (I have 10 cookies and I'm strong. My neighbor has 5 cookies but he's weak. It's easier to beat him and take his cookies, then to manage mines. Even it's impossible to manage it. And no problem, in few days I will use propaganda to demonize my neighbor and find the reason of his poverty in incapability of doing business himself.)

That's where the truth of US' and other developed countries' wealth lies.

Btw, great courses.
Ariel Ibata Bidie
If some countries are poor and others rich, it is not just productivity that is key. I also think that rich countries' policies of exploiting and keeping poor countries in some dependence are also an explanation for this difference between rich and poor countries.
Yukimo x
85% of the comments: tone down on the humor it's not a kids show
10%: Zimbabwe is poor because of the US and Nestle
5%: summary notes
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Don't Do These 5 Things With Productivity and Growth: Crash Course 3 months ago   06:08

So you just got paid! Woo - well, here are 5 things NOT to do with your money so you don't end up like the majority. Remember, it's not how much money you make but how much money you keep.
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Don't Do These 5 Things With Your Money
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