Ep. 1867 How Poor Countries Become Rich

What is the process by which countries develop economically? It used to be assumed that government-to-government transfers were indispensable. That view has fallen somewhat out of favor, but there are still plenty of errors in the way some economists think about this question. Shawn Ritenour, professor of economics at Grove City College and author of a forthcoming book on development economics, joins us for the right answer.