14min chapter

"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong cover image

PODCAST: Hexapodia LVI: Economic Development: Oks & Williams, Rodrik & Stiglitz

"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLong

CHAPTER

Challenges of Economic Development Strategies in Latin America, Middle East, and Africa

The chapter explores the living standards in Latin America and the Middle East, delving into the middle income trap and the challenges faced by commodity-based economies. It discusses the drawbacks of relying solely on commodity exporting, emphasizing the need for flexibility in economic development strategies. The conversation also touches on African population growth, fertility transition, and the prevalence of extreme poverty, raising questions about the future economic prospects of various regions.

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