Comments by "" (@badluck5647) on "Why Nations Fail? | Economics Explained" video.

  1. ​ @xiphoid2011  A lot depends on institutions. America started with good institutions from colonial times. Japan, Germany, and the Philippines also had some experience with elected legislators before the war, and America built up other institutions before granting full independence. Meanwhile, the colonial empire of Europe left Africa and Asia without any institutions to support democracy and self rule. If anything, the colonizers left many former subjects with a culture of patronage and ethnic rivalry.
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  2.  @mosaloquendo  Argentina has had issues paying off their debt for the last three decades. What responsible party would give them more?
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  3. Depends on the project. There are plenty of uncompleted projects built exclusively by Chinese workers and paid through debt owed to Chinese banks.
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  4.  @kalomboC  Again. It depends on the project.
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  5. Populism = bad economic policy
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  6.  @kalomboC  Are you really going to nitpick how Chinese corporations aren't exclusively using Chinese workers because they let the locals clean the bathrooms at the construction sites?
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