Why the Poorest Countries Can't Escape the Poverty Trap

Why do some countries get rich while others stay poor? 📉💰

It’s the most important question in development economics. In this video, we break down the "Poverty Trap" and the hidden forces—from the Resource Curse to corrupt institutions—that keep nations from growing.

We analyse the "Why Nations Fail" theory: Is it geography, culture, or just bad policy?

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TIMESTAMPS
00:00 - Intro
01:20 - The Poverty Trap Explained
03:31 - The Debt Trap
06:09 - The Brain Drain
08:24 - Why Aid Doesn’t Fix It
11:21 - What Actually Works
15:21 - Recap Summary
16:21 - Outro

🔍 QUESTIONS ANSWERED IN THIS VIDEO:
• What is the poverty trap in economics?
• Why do developing countries have high debt?
• What is the difference between inclusive and extractive institutions?
• How does the resource curse affect economic growth?

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🌍 This video is designed for global audiences interested in financial history and economic patterns.

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Disclaimer: This content is for educational purposes only and should not be considered financial advice.

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