Why Are Cold Countries Richer Than Hot Countries?

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There are all manner of factors that make poor countries poor and rich countries rich. Many of these factors we have explored in depth when we have looked at economies like the democratic republic of the Congo all the way up to places like Switzerland and Norway.

Political Stability, industry, natural resource wealth are all incredibly important variables but there is something extra here that just doesn’t seem to make sense.

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Thanks as always for watching :D This video was requested by the team over on Patreon. If you want to have your say on what video is produced next please consider supporting the channel.

EconomicsExplained
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According to my maths, Antarctica is the richest country

chriseelman
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How to get rich:
1. Make a country in Antarctica
2. PROFIT

davidlapiz
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About Singapore, the first thing Lew Kuan Yew did when he was in charge (if I remember his biography correctly) was to introduce air conditioning in all government building, and said nobody can work efficiently if it is so hot.

andik
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i live in Norway, born and raised. One thing i would like to address is the fact that Norway would be a significantly poorer country without natural resources. Norway is one of the largest exporters of oil and natural gas in Europe, which has contributed immensely to its prosperity and wealth.

husneiniqbal
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So this is why Santa can afford to buy toys for all the children on Earth...

sesmeltz
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I should make a country in my ex's heart

alonsobruni
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If you've ever lived in a hot climate, then you know that you don't feel like producing anything when it's roasting and humid.

slammer
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In India, I see this playing out on a daily basis. In my village in India, around the center of the village, there’s a large banyan tree that provides lush shade. Every year when I visit, I see the same folks ( for around 15 years now) sit around the tree basically do nothing. They sit there, get drunk at night and then back by the tree early in the morning once sober, to just about do nothing.

avillageofbigheads
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The founding father of Singapore literally said one of the secret of Singapore's success is air conditioning. Temperature matters for productivity.

TheGamingAlong
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The actual explanation starts at 8:00.

sebastiancardoso
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I've been telling them for ages to add air-conditioning in the classroom but no one ever listened to me, bummer.

alxf_m
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My grade 10 teacher thought northern climates were more wealthy because people in colder climates are forced to be more active and dynamic. This is closely related to the survival/resource storing theory, and they make the most sense to me.

markanderson
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I believed a correlation between high incidence of disease and parasites associated with hotter climates would be a talking point as well? Maybe not?

drownfall
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I'd like to write my whole theory as to why cold countries are richer... but its too hot so I can't be bothered.

krazYFaic
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Ahh why Santa Claus is so loaded. The north pole!

themongolsarecoming_
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I've always believed this was the case ever since I was a kid. Growing up in Ecuador, both my parents were highly educated(something rather rare for their generation) and I remember one conversation we had when I was little, about how in Ecuador you can basically grow anything you want because we probably have the right climate for it, even more, that we can also grow stuff all year long. The concept of seasonal fruits or vegetables is alien to us aside from a handful of specific fruits. Then when I asked my dad if that was good, he told me no because having a perfect climate made us complacent and lazy, and I have noticed that the average Ecuadorian is in fact lazier to some extent. It's engrained in our cult of personality and our climate is probably a big part of it.

Gtoonm
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ah yes, Australia Inc. an american company

nilghaussy
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The weather outside is frightful, but the wealth is so delightful.

Brixxi
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Scientist: Hotter temperatures naturally lead to more aggressive behaviours in human beings.
Viking: Am I a joke to you?

progvar
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