The Ever-Present Challenge of Escaping Poverty (with Noah Smith)
EconTalk
00:00
Complexity Breeds Innovation
Modern industrial processes require significant capital, making it impractical to replicate such systems in all situations. The evolution of transportation and connectivity globally didn't occur as a linear progression but rather involved a series of missteps that ultimately led to innovation. Extraordinary developments often emerge in economically constrained environments, countering the romanticization of poverty by highlighting that true progress arises through complex interactions, not solely from an idealized past.
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