The Jordan B. Peterson Podcast #165 – Jordan Peterson & Marian Tupy
Topics Discussed: Why People Should Believe This Positive Narrative, Social Media, Availability Heuristic, Poverty Reduction, Always Compare Yourself Downwards Not Upwards, Decline In The Prices of Houses, Why Education Is So Expensive, Hockey Stick Effect, Blue Line, The End of Famine, Planet City Urbanization.
Marian L. Tupy is the editor of HumanProgress.org, a senior fellow at the Center for Global Liberty and Prosperity, and coauthor of The Simon Abundance Index. He specializes in globalization and global well‐being and politics and economics of Europe and Southern Africa.
Books Mentioned in this Podcast with Jordan Peterson & Marian Tupy:
Summary of Jordan B Peterson Podcast #165 - Marian Tupy
In episode 165 of The Jordan B Peterson podcast, Jordan B Peterson interviews Marian Tupy, a senior policy analyst at the Center for Global Liberty and Prosperity, about the current state of global development. The conversation covers a wide range of topics, including the history of economic development, the role of institutions in promoting growth, and the challenges facing developing countries.
History of Economic Development:
Peterson begins the discussion by asking Tupy about the history of economic development. Tupy argues that economic growth is a relatively recent phenomenon, with most of human history marked by stagnant or declining standards of living. He notes that economic growth began to take off in the 19th century, largely as a result of the Industrial Revolution and the growth of trade and commerce.
Role of Institutions:
The conversation then turns to the role of institutions in promoting economic growth. Tupy argues that institutions, such as property rights and the rule of law, are critical for economic development. He notes that countries with strong institutions tend to have higher levels of economic freedom and prosperity, while countries with weak or corrupt institutions struggle to achieve sustained growth.
Challenges Facing Developing Countries:
Peterson and Tupy then discuss the challenges facing developing countries in their quest for economic development. Tupy notes that many developing countries suffer from a lack of good governance and weak institutions, which makes it difficult for them to attract investment and create the conditions for sustained growth. He also notes that many developing countries are burdened by debt and struggle to access capital markets, which can limit their ability to invest in infrastructure and other critical areas.
The Importance of Trade:
Peterson and Tupy also discuss the importance of trade in promoting economic growth. Tupy argues that trade is critical for economic development, as it allows countries to specialize in the production of goods and services where they have a comparative advantage. He notes that countries that engage in trade tend to have higher levels of economic growth and lower levels of poverty, while countries that close themselves off to trade tend to suffer from stagnation and decline.
The Impact of Globalization:
The conversation then turns to the impact of globalization on economic development. Tupy notes that globalization has been a powerful force for economic growth and poverty reduction, particularly in the developing world. He argues that globalization has allowed countries to access new markets and technologies, which has driven productivity and innovation. He also notes that globalization has led to the spread of democratic values and human rights, as countries that engage in trade tend to become more open and democratic over time.
The Role of Technology:
Peterson and Tupy conclude their discussion by considering the role of technology in promoting economic development. Tupy argues that technology has been a critical driver of growth, particularly in the areas of agriculture, manufacturing, and energy. He notes that technological innovations, such as the Green Revolution and the development of renewable energy sources, have led to significant increases in productivity and efficiency. He also notes that technology has the potential to drive further growth in the future, particularly in the areas of artificial intelligence and robotics.
In conclusion, episode 165 of The Jordan B Peterson podcast offers a fascinating discussion on the state of global development with Marian Tupy. The conversation covers a range of topics, including the history of economic development, the role of institutions in promoting growth, and the challenges facing developing countries. Tupy emphasizes the critical importance of good governance and strong institutions for economic growth, and highlights the importance of trade and globalization in promoting prosperity and reducing poverty. This podcast is a must-listen for anyone interested in the current state of global development and the factors driving economic growth around the world.