Why Are Cold Countries Richer Than Hot Countries?
Economics Explained
00:00
The Correlation Between Wealth and Climate
In the modern world, wealth is no longer determined by how much food a country can produce. Instead, it's determined by industry and innovation. Cold countries got a bit of a head start in the age of innovation but places like Singapore show that this head start will not last forever. Every country has its potential, regardless of what weather is outside.
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