Why the Poorest Countries Can't Escape the Poverty Trap

Описание: 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?

👇 SUBSCRIBE for more Financial History & Economics:
   / @sketchfigures  

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?

💡 More Money Economics Videos:

. The Shocking Truth About Inflation Nobody Tells You:    • The Shocking Truth About Inflation Nobody ...  

. What Ancient Rome's Financial Downfall Can Teach You About Money:    • What Ancient Rome's Financial Downfall Can...  

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

If you want more videos breaking down finance, economic history and money lessons that actually matter, subscribe and turn on notifications

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

#economics #povertytrap #whynationsfail #developmenteconomics #wealthinequality #financialeducation #geopolitics #sketchfigures #inclusiveinstitutions