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Growth Miracles and Growth Disasters
| Content Provider | WatchKnowLearn |
|---|---|
| Description | These countries are proof of one thing: with the right factors, a poor country can not only grow, but it can do so quickly. It can catch up with developed countries at an astonishing rate. What took the United States two centuries of steady growth can now be achieved by other countries in about one-fifth the time. Catch-up can happen in 40 years—about the span of a generation or two. That's the good news. The bad news is, while growth can skyrocket in some countries, growth isn’t guaranteed at all. Argentina is an example of this. It grew well for a time, and then it stalled. Even worse than Argentina, are countries like Niger, and Chad, which are the very worst of growth disasters. Not only are these countries in extreme poverty, but they also have little to no growth. More than that, these countries have never experienced substantial growth in the past. But why does that all matter? It matters because growth isn't just about numbers. It's not just about more goods and services. When a country grows, its citizens often end up with longer, healthier, and happier lives. Conversely, the countries that are growth disasters have citizens in poverty, with shorter and less happier lives. As bleak as this seems, it’s the plain truth: while growth miracles are possible, growth disasters are, too. Which leaves us with another question: what causes either state? What leads to growth, prosperity, health, and happiness? And then, what leads to the opposite situation? We're excited to share the answer, but that's a topic for future videos. For now, check out this video to get up to speed on growth miracles and growth disasters. |
| Language | English |
| Access Restriction | Open |
| Rights License | Educational Community License |
| Subject Keyword | k-12 homeschool homeschooling home school parents educational videos Economic Growth k12 preK-12 Social Sciences Economics and Business Economics Social Studies Economics Concepts Macroeconomics |
| Content Type | Video |
| Educational Role | Student Teacher |
| Educational Use | Self Learning Lecture |
| Education Level | Class XI Class IX Class XII Class X |
| Pedagogy | Lecture cum Demonstration |
| Resource Type | Video Lecture |
| Subject | Economics |
