Description

Overview:

Why are rich countries rich? Why are poor countries poor? Most people think it's because of natural resources. They're wrong - economists know it's because of incentives. See what bridge collapses and the Korean peninsula can teach us about why some economies grow and others stagnate.

Level:

High School, Community College / Lower Division, College / Upper Division

Material Type:

Lecture

Author:

Patrick Walsh

Provider:

Saint Michael's College

Provider Set:

EconGuy Videos

Date Added:

11/29/2013