What's Causing This Wave of Economic Collapses? | Economics Explained

The video discusses global economic growth, highlighting increased prosperity but also rising inequality. It examines economic collapses in developing countries, emphasizing the role of market dependency and informal economies. The importance of infrastructure and government roles in economic growth is explored, alongside the advantages of advanced economies. The impact of democracy on economic performance is analyzed, referencing Nobel Prize-winning work. Finally, the video addresses economic shocks and the future outlook, considering the effects of the pandemic and international financial institutions.

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