What Makes The Netherlands So Special?

Discover the Netherlands' unique economic journey, from pioneering modern trade and finance to overcoming Dutch Disease. See why it's one of the most productive and livable countries today. Can other economies learn from the Dutch model?

This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!

#EconomicsExplained #NetherlandsEconomy #Trading212
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Check out our other channels ▶️
Epic Economics @EconomicsIsEpic
Context Matters @Context.Matters

And our Language Channels →

Also on Apple Podcasts or anywhere else you listen!

#EconomicsExplained

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏

👑 ROYALTY CLASS 👑
Juan Benet

UPPER CLASS
Valkmit, Randall, Charles Youngs, Jeromy Johnson.

UPPER MIDDLE CLASS
Ernest Hua, Michael Wakim, Pineapples&bricks, Robert Abraham, Peter Wesselius, Michael Ling, Frank Soltero, David Poliakoff, Jay Eno, Sophie G, Brett Jubinville, Anthony Roberts, jill hoffman, Nathan Ngumi, JKH, Post Apocalyptic In Missouri, Laor Glukhovsky, Forodon, Paul Ashworth, Wendover Productions, Andrew Harrison, Shane Wailes, Igor Bazarny

MIDDLE CLASS
Per von Zweigbergk, Malleus Flavus, Backartoffel, Andy Giesen, Christopher Kastensmidt, Aryan, William Sherlock, Gerhardus, Derrick Yowell, BUBBA CONWAY, Chris, Brian, Vladimir Zotov, Seth, Dragan Alexandru, Jason, Jamie Costello, Leah Klearman, Klaus Clemens, Ps0Fa, Abel, Randall Sylvia, Eric Slimko, Empyre18, Brian Jackson, Istvan P, Kieran VR, Leonid Sorokoumov, Thomas Davenport, Nicholas Luchetta, Kim Brand, Ted Marcy, John Issitt, Joe Ryan, Patrick Staight, Wees Kendall, Shane Guthrie, Karan Mehta, roGER, Randy Cleary, Arjan, Liubov Zvereva, Michael D. Hall, Long Phan, Craig Mews, Kent Klatchuk, Roman~1, Chris Hawkins, Wesley Fite, David McIlveen, Anthony, Arend Peter Castelein, Daniel Alberto Vázquez Rodríguez, Kamil Sicinski, Dodd Willingham, Leo Vassershteyn, How long can a profile name be... this long... Wow, this is longer than I would have expected. Good lord, the letters! Secunda!, Michael Kürbis, Hugh Harris, David W., Dar H, Will, Kheng Lai Tan, David Taylor, Scott Greenwood, Jane Walerud, Zachary Demko, Michael Wolff, Siegfried Eggl, PM, Jack Annear, michael, Franklin, Trevor, Marcel Roquette, Daniel Hall, Connor Costello, John D Tyler, Petronio Coelho, Kevin MacIntyre, Travis Thompson, Matthew Eggleston, Kenneth Lum, Andrew Vinnichenko, Zachary Kasow, Johannes, Reuben Field, Nigel Pauli, Jacob, AB3, Matt McKee, Victor T., John C, Rimvydas, John Downie, Donald Wedington, Demo sthenes, Ed, Hayden van Reyswoud.

[hansolo]

The Netherlands doesn't have 'one of the oldest stock exchanges in the world'. They have THE oldest stock exchange. The first ever stock exchange the world has ever seen. They literally invented the modern stock exchange as we still know it today.

[andrewthaboss]

"Doesn't have its own global companies or world industry" stares intensely at ASML 👀

[CypherDVoid]

Let’s just hope they don’t crash the market over tulips or something.

[CarthagoMike]

"It's smaller size means it does not have much in the way of its own global companies or world leading industries."
Is it me or do the Dutch, *despite* their small size, have some pretty significant global companies?

[SuperRobertByrne]

Industry should probably score more than 8/10. No mention of ASML, NXP, Philips, Heineken, DSM.

[BusanDalint]

Are they? I met hundredrs of young dutch people and not a single one is able to buy any property there ever. Living with parents of renting forever.

[soothingrelaxationandmedit]

the problem is that unlike the Netherlands, most don't have the knowledge needed to succeed in a challenging economy and markets. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high in these challenging conditions, they have experience economists handling their affairs. Ignorance is a thing of the past in the Netherlands.

[shadeblackwolf]

One thing to notice as to why the gas is staying in the ground, is that the extraction was causing a lot of property damage in the cities above the gas fields through earthquakes, and that ate the entirety of the benefits and then some, removing the economic argument for extracting the gas.

[lpeabody]

I read the title as "What makes Neanderthals so special?" and was very intrigued about neanderthal economic system analysis.

[alexmayer]

As far as world leading industries goes:
The dutch build lithography machines used to manufacture basically everything that was used to create this video, as well as every device used to watch it.

As a German I can't disregard our optics going into these machines, but still quite world leading if you ask me^^

[tijkevanderlee]

Closing the gas fields was done because it caused earthquakes not really because of the environment.
It is also quite overstated how important it was for the total economy.
The tax haven thing has mostly been fixed apart from royalties and such.
The part-time work culture is politically mostly seen as a bad thing, most parties want to make it more attractive to work full-time.
Perhaps a mention of ASML would also have been nice.

[senjaz]

The Netherlands is a global leader in advanced lithography. Without which all the most advanced micro electronics in the world would not exist. ASML (Dutch) makes the machines that TMSC (Taiwan) uses to make the chips that go into our mobile phones, our computers, and increasingly other electronics in our smart homes.

[LCTesla]

just a little heads up that the West India Company was notorious for very different reasons than the East India Company - it was a thin facade for piracy, the actual arrr kind not some kind of metaphor

[TimvanHelsdingen]

About the part time work:
It’s actually a ongoing issue here in netherlands. There are too many subsidies for people under a certain income, so a lot of people will lose money if they work more hours (as they would lose the benefits, there are pretty hard cutoffs) That is why so many people just work less, because they would lose money working more. That is not a good thing

[Eggmancan]

The Dutch approach to shipping and finance would also help one of its former colonies become the economic capital of the world. New Amsterdam, now New York City, still has much of the Dutch economic esprit of its founders.

[HotSTeh]

I once asked a Dutch guy why are weed allowed in Netherland

He replied 'so that we can be in the same level as other countries'

[wakwakwakc]

This video came just in time for my economics assessment for the Dutch economy. Convenient.

[livephysiology]

Having an economy based of a reduced workload, meaning employees working part-time instead of full-time, yet still successfully maintaining the economy, is a similar principle seen with the cardiovascular system. Increasing the efficiency of the heart by doing less work to maintain adequate blood flow is a healthy adaptation of exercise training.

[SNesbit]

A former co-worker's parents moved to the US from The Netherlands before she was born. She related that while her parents were growing up in The Netherlands that at dinner when a question was asked in one language, then the person asked the question needed to respond in a different language. I think she said they rotated among Dutch, English, French, and German.

[fricatus]

You should do a video on how much transportation efficiency contributes to the economy. I was in Texas recently and it felt like half the state was paved over with roads and parking lots. To get around we needed to spend $15-20 a pop on Uber (or hire a car if we’d been staying longer). Contrast that to a trip we made to the Netherlands. We hired bikes and took trams, and spent no more than double figures on transportation. Of course all those Uber rides look great in the GDP figures, but it’s a huge use of resources to achieve the same outcome. I would love to see your take on this topic, since I don’t have formal economic training, but I feel that the effect must be huge.