Why Are Cold Countries Richer Than Hot Countries?

The video explores the correlation between climate and economic prosperity, highlighting that colder countries tend to be wealthier than hotter ones. It discusses statistical analyses showing a negative relationship between temperature and GDP per capita, with an R-squared value indicating temperature accounts for 9% of economic prosperity. The video addresses outliers and the importance of distinguishing correlation from causation. Various theories are presented, including economic selection and historical shifts in wealth determinants. The conclusion emphasizes that while climate has played a role, every country has potential regardless of its climate.

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