Why Are Cold Countries Richer Than Hot Countries?
 | BWG
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Why Are Cold Countries Richer Than Hot Countries? | BWG

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39 thoughts on “Why Are Cold Countries Richer Than Hot Countries? | BWG

  1. Here's an alternative explanation to your correlation… resource depletion and political instability due to the era of colonialism that came from the industrial revolution. The vast majority of poor nations are ex-colonies of European nations. Spain, Portugal, France – all have mixed climates with the populations focused in the warmer areas. What didn't they have? Resources free from competition that they needed to drive industrialisation. England is cold, but was also overpopulated and in competition with the Dutch and French. The colonies the Brits didn't withdraw from suddenly (i.e. Australia) maintained stability, but the post-colonial fallout through SE Asia, the effects of the scramble for Africa in the 19th and early 20th century… these are causational – not temperature. Run a regressive analysis on GDP and temperature again but separate by colony or coloniser and let us know the results. Chances are the successful economies are ex-colonial powers concentrated in western Europe, and the weakest ex-colonies still dealing with the fallout of colonial powers' withdrawal. Remove Tiger Economies as they grew up in the 90s (note they were in warm climates). You'll get some outliers such as Japan (never colonized nor maintained occupation of anywhere else), or economies suffering from sustained conflict i.e. Afghanistan.

    Regarding hot vs cold locations, European colonisers only stayed on in hot locations if it was of continued benefit to them (i.e. Hong Kong, Singapore), and the settlement patterns of countries like Australia are explained by access to resources (Darwin isn't great for extensive farming) and, in Australia's case, the colonialists preference for climates similar to their own and access to ports for continued export of resources. Multiple countries in sub-Saharan Africa are land locked and that does have an effect on their economy, they also happen to be hot.

  2. It is all about ideology. Poor country are poor because their ideology prevents them to be materialistic and teach them life is misery and not worth living. Fate and luck is told be cause of being rich. So, obviously, people will lack energy to do problem solving and wealth creation.

  3. Warmer countries were pretty much all colonized

    Pretty much all the rich countries were former colonizers, the poor countries were pretty much the colonized, or the otherwise dominated by the colonialist powers.

  4. Climate isn't necessarily the only indicator of wealth or prosperity. Political stability, freedom, faith have been a larger influence throughout history. Political instability, dictatorships, slavery in all its forms, regardless of climate, will limit prosperity.

  5. An important factor left out is the role of colonialism. More temperate regions were selected as settlement colonies, because the European settlers could hardly survive in tropical environments. Countries like the USA, Canada, South Africa and Australia are therefore still richer than their neighbours. Meanwhile, hotter colonies were used for extraction, as they can produce more food, as explained in the video. In these former extraction colonies, old institutions somehow remain and pose a barrier to economic growth, while in former settlement colonies economic opportunities were already explored during colonisation.

  6. I have an accent myself, like a lot of people, and maybe some wouldn't like mine, but this is the second video I've seen and listened to with this guy narrating. Sorry, but his accent annoys me, and it's not that I don't like Australian accents either!

  7. European exploited South America and Africa. Extracted the countries and brought all the exports and money back to North America and Europe and most of Africa and South America got little if anything. I just don't understand why Africans, South Americans and most Asians are not as assertive.

  8. According to me
    The hotter, the less u get out and get ur work done
    The hotter, the more u drink beverages and cause health degradation
    The hotter, the electric bill comes more for Ac and fans
    The hotter, the less you play sports outside and don't win prize in the Olympics
    …..keep adding

  9. Not sure if others pointed it out, but there's a whole field of economics dedicated to understanding why countries are rich and others are poor. The ideas in this video were really disappointing. It claims that one paper was produced on this topic? I can recall dozens of books and research on this, and the bottom line is climate is a thoroughly debunked indicator of wealth. Better explanations abound, you can start with Daron Acemoglu and his numerous papers and his book Why Nations Fail, which points largely to institutional differences and the effects of colonization in the world (differences between countries where Europeans settled vs colonized for extraction). Other books explore regional approaches such as How Asia Works, etc. You touch upon differences in capital and agrarian societies, which the latter points out is actually a foundation of growth in Asian economies when done right as opposed to exclusively raw material exports from poor countries today, but there's also Paul Colliers work on why poor countries stay poor in his book The Bottom Billion… such a rich field of study and this is what you gathered from it? Otherwise love your other videos.

  10. Yeah, im sure the "correlation" in the statistics has nothing to do with those regions being where colonialism and imperialism hitted the hardest for centuries. I guess it must be the weather then.

  11. nonsense. Cold country rich because of colonialism… They stole everything from their colony. Dutch for example, most of their money is from Dutch East Indie, which is Indonesia. British? From India, Pakistan, Hongkong, Malaysia, and so many Middle east country.

  12. The colder counties are richer because they are the counties that have merderd and stolen resources from others during colonization less than 100 years ago lets not play dumb to this fact

  13. You either had to do colonialism right and amass a great wealth, or to be a US ally with something they wanted in return to be rich, tis that simple. Now this channel is hovering above tinfoil hat level theories. This video just masks the real facts.

  14. You're right, heat is what's causing it! That's why Cihna, especially the southern part of it is so much more underdeveloped, almost Africa like (not to mention Hong Kong where they sleep on the ground).

  15. Without seeing the upload yet, a title of an upload that is surprising me for I think 30 years, so finally…. Now I am going to watch from a country most will call COLD, the Netherlands (It isn't at all, it's just your mindset)

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