I like this video because it reminds people that our wealth in the West is not the cause of poverty in developing nations. The problem is that per capita productivity is low because of disease, low levels of skills and education, governmental controls on production, governmental barreirs to trade, bad financial systems, bad infrastructure andmost damaging of all, poorly defined and inconsistently enforced property rights. The video could have enumerated some of these causes.
I like this video because it reminds people that our wealth in the West is not the cause of poverty in developing nations. The problem is that per capita productivity is low because of disease, low levels of skills and education, governmental controls on production, governmental barreirs to trade, bad financial systems, bad infrastructure andmost damaging of all, poorly defined and inconsistently enforced property rights. The video could have enumerated some of these causes.
Rexanglorum 4 years ago 2