10 Countries with ECONOMIC MIRACLES!

[@h0ser]

#5 was Chile but I have taken it out because it doesn't belong in this video. Every other country had massive quality of life improvements during their miracles, Chile had a quite large reduction in quality of life despite GDP per capita spiking.

[@debater452]

Respect the decision. What would you but on this list instead

[@noth_ng]

hey, do you mind giving us the ost (songs) that used in the video please ?

[@uyuiii6639]

Pucha la weaa 😅

[@andrewrogers3067]

Given people have mentioned other contenders like Singapore, maybe try that?

[@Arkantos1900]

It's understandable. The economic "miracle" is a lie that far right politicians like to spew today. At that time, the economy was super unstable and only began to recover when democracy returned to Chile. Our economy has improved, but we are one of the most unequal countries in the world

[@dennischan1349]

Kinda surprised Singapore isn't on this list considering they were dealt a pretty bad hand with their forced independence, tiny size, surrounded by vastly larger and more materially rich countries and being something of a dictatorship, they managed to become one of the wealthiest and most well developed areas in the world.

[@rohanindra6401]

Singapore is literally the inspiration behind many countries development. Deng took inspiration from Lee Kuan Yew. Agree, a very strange omission.

[@starsky9832]

And Singapore is the most significant counter example of the saying tropical countries can't be rich.

[@rohanindra6401]

@@starsky9832 yeah and well planned and organised. Most tropic countries haven’t got nice architecture and streets but Singapore made it work. They have glass buildings but also know what colour schemes/housing designs look pleasant in tropical climate where American or communist architecture doesn’t look great. Vietnam also looks nice. Hanoi etc they have proper pavements and plan well along rivers. Impressive considering their average income is less than $4000 USD. There are countries in Middle East and Delhi, India which look like large slums despite having comparable incomes due to no urban planning. In Africa maybe only Morocco and Tunis in Tunisia have nice looking cities. Confucian culture places emphasis on aesthetics.

[@starsky9832]

@@rohanindra6401 nice observation, thanks

[@RajeshRavindranathan]

one word...geopolitics behind Singapores rise.

[@orboakin8074]

7:10 As an African (Nigerian), Botswana's story is so inspiring. So very few post-colonial African leaders managed to lead their countries onto better heights after colonialism. Many simply went the route of marxism and "anti-western" and destroyed their nations with authoritarianism and incompetence. The best one I know is Seretse Khama of Botswana. He and his fellow officials managed to negotiate for a peaceful transfer of power from the British and actually kept the systems of economics and government and even maintained good relations with the white population and the British government. Today, Botswana is one of the freest, economically prosperous and stable countries in Africa.

[@jackholman5008]

Botswana doesn't have 200 million people and overpopulation problem

[@nakoreacts4795]

@@jackholman5008 Because we are 71% desert, and we do have land shortage here, I'm from Botswana

[@jackholman5008]

@@nakoreacts4795 that's not bad there's underground aquifers and with modern green house agriculture it shouldn't be a problem like with the Israelis

[@nakoreacts4795]

@@jackholman5008 You're right to an extent, Israel has helped us with our water situation more than any other country and our agriculture sector is more efficient but we cannot reach Israeli levels as quickly or at all because the costs of building infrastructure will be too much for us. For context, Botswana is about the same size as either Texas, France or Madagascar and our GDP last I checked was $22bn

[@orboakin8074]

@@jackholman5008 If population metrics were the main determinant for a country's success, then Madagascar, Niger republic, Congo and Zimbabwe would be the richest and nost developed countries in Africa since they have less than my country's population.

[@4011Harry]

Another thing to kinda note about the South Korea vs North Korea economy is that throughout history, the Northern part of Korea was the richer country, having most of the peninsula's natural resources, and the South was a rural, farm/fishing-oriented poor area. Plus North Korea had a land border with USSR/China to trade with but South Korea was essentially an island. That forced SK to build ships and they now build most ships in the world.

[@petersmythe6462]

Yeah North was always less populated but more industrial. Which is no longer true mostly because the south has had much better access to global markets than the North. Worth mentioning though, the south really did take awhile to outgrow the North and even longer for life expectancy to catch up. North was richer until the 70s and healthier until the 90s when liberalization in the south and famine in the North changed an apples and oranges comparison to maybe more like a open buffet to foraged wild grasses comparison.

[@jackyex]

Also its imporrant to note that North Korea also had the vast majority of the Industries that Japan had built in the peninsula.

[@1wun1]

@@petersmythe6462 How would the two compare if the north had no sanctions? Do you think the gap would still be massive?

[@oriprogamer1404]

@@1wun1 ye cuz they forbid foreign investment. They need to remove Juche ideology and adopt capitalism like China and Vietnam

[@cyrusiithegreat2824]

Tell US stop bully North Korea and thing would change

[@depilot2035]

Economic miracles every developing country's dream

[@mateorios1636]

Chilean here Actually on the new millenium and the 90's, our economy actually boomed Because yes, pinochet made those reforms, but the market was a rollercoaster of ups n downs, and when the guy left, the economy actually healed

[@pieromorantearenaza4801]

There would be no market boom on the 90s if there was no pinochet.

[@stavas05]

Germany kind of had 3 economic miracles in less than 100, thought that would be worth mentioning. First one after it got unified going from a at most average European economy to maybe second to England if not first until 1900, then after being economically destroyed after ww1 to again be a very rich nation, and after ww2 with many cities getting up to 90% destroyed and split in two to becoming the 3/4 largest economy in the world

[@fjooyou]

True! Maybe the changes Germany went through 1870-1990 are seen as former nations and therefore not included in the video?

[@leoe.5046]

@@fjooyou I don't know why he didn't mention germany. It's probably the country with the most economic miracles in roughly a century

[@Tobi-ln9xr]

*UK The whole UK was industrialized, not just England.

[@bachpham6862]

For the period after WW1, I would not say that it was extremely economically successful, given how it did have one of the worst hyperinflation and instability during 1918-1923. However, after that the economy did pick up amazingly well, due to surprisingly competent governance from amazing people like Gustav Stresemann or Friedrich Ebert. For WW2, I think a case to be made that Germany massively benefitted from the Marshall Plan that saw the US pumping massive amount of money into it. Not saying that it doesn't deserve a spot, just trying to put in some context with it.

[@kowa8846]

@@leoe.5046 I think this video is very pro-capitalist and pro-free market and that's the main reason he didn't include germany, germany was a very protectionist and regulated economy since the beggining.

[@lontongstroong]

Another notable example that is excluded from the list: Mauritius. Back in 1960s it is considered a basket case country with life quality parameters mirroring India (where most of the inhabitants came from as indentured slaves) and uncontrollable fertility rate in a very small archipelago. A series of savvy policies afterwards turn it into a solid upper middle income country, with higher quality of life than Botswana and still growing economy propelled by service sectors (that are made possible due to very high literacy rate).

[@wishdomhighschool_46]

IMF, World Bank,Bloomberg,ADB etc 1)*IMF--India is the World's 3rd and 5th largest economy by GDP $3.535 trillion (nominal; 2022 est.) $11.745 trillion (PPP; 2022 est.)GDP rank 5th (nominal; 2022) 3rd (PPP; 2022)GDP growth 8.9% (2021),8.2% (2022) GDP per capita $2,515 (nominal:2022) $8,358 PPP; 2022 2)*IMF 2022 -India's Per Capita has rose to--$ 2,515 dollars by Nominal GDP dollars and $ 8,256 dollars by GDP PPP, Which makes India 3rd richest in South Asia and Ban*ladesh has per capita income of $ 2,110 dollars and Poor paxtan has just $ 1550 dollars😂😂 3)*According to World Poverty Clock, India's poverty rate has decreased to just 6% and Extreme poverty rate to 1%But, Poor paxtan has a poverty rate of whopping 40% and Extreme poverty of 22% and Bangl*desh has poverty rate of 24% and Extreme poverty of 14% 4)*According to World Poverty Clock, Only 29% of population in India earn less than $ 5.50 dollars per day, (15% in China) But,In poor paxtan a whopping 77% of population earn less than just $ 5.50 dollars per day, And 84% of poor Bang*adeshi population earn less than just $ 5.50 dollars per day, What a poor Islamic neighbors India has 5)*IMF -Under Modi, India overtook Russia, Brazil, Itlay, France and The UK in Nominal GDP in just last 8 years and IMF predicts India will overtake Germany and Japan in next just 6 years by GDP Nominal as It is already world's 3rd largest economy by PPP GDP with $ 11.75 trillion dollars. 6)*Under Modi, India has become World's 8th largest exporter with $ 676 billion dollars and Became 5th largest Manufacturing country in the world, And poor paxtan has exports are just exports of just a little of $26 billion dollars 7)*#WTO -India is an Industrial Power house, As India is the world's #largest manufacturer of generic Pharmaceuticals , and its pharmaceutical sector fulfills over #50% of the global demandv for vaccines It is also the WORLD'S #2ndlargest cement producer, the #2ndlargest steel producer, and the #3rdlargestelectricity producer. #4th largest Car Manufacturer in the world and #5th largest Manufacturing Country in the world 8)*In 2021 India became 4th largest Car manufacturer and Market, as Indians bought 4 million cars and And Exported 600,000 cars to The UK, USA, Brazil, Mexico, Latin America, Africa and The Middle East.But in p*or B*ngladesh Only just 50,000 cars were sold what a poor country and only 114,000 cars were sold in poor paxtan as it is a poor country 😂😂‚And all of them are imported or half assembled in paxtan 9)*In 2021 India became 2nd largest Automobile and 4th largest Car manufacturer, As India manufactured 4.4 million carsand 18 million otger Automobiles and Exported 4 million automobiles to The UK, The US, The EU, Brazil, South Africa, Mexico, Latin America and Australia etc. But, poor paxtan imported All of its automobile needs as no one manufactures its automobiles in poor terror infested country like paxtan😂😂😂😂 10)*BLOOMBERG :India is the world's 2nd Highest receiver of Foreign Direct Investments (FDI) with $ 83.4 billion dollars, which is only after China with $149 billion dollars and No one invests in poor begging ,poor infrastructure, poor governance, Highly unsecured, Terrorist infected and poor and Unskilled Labour force country like Poor paxtan😂😂 11)*BLOOMBERG: India has world's 3rd highest number of Unicorns and Start-ups with 100+ unicorns and 70,000+ start-ups with investments of over a whopping $ 450 billion dollars only after The US and China and poor paxtan has 0 unicorns because no one invests in poor begging country 12)*Microsoft, Amazon and Google have their Largest Campuses in India in Hyderabad's Financial District. Which has become India's 2nd Silicon Valley,After Bangalore 13)*In 2021,India has become world's 4th largest Car Manufacturing country with 4.4 million cars and Exporting 800,000 cars to US, UK, Africa, Latin America,Asia,and Australia etc.With alredy Top Car companies javing manufacturing plant, Ex:TATA,Volkswagen,Skoda,Audi, BMW,Mercedes-Benz,Porche,Citroen Renault,Kia,Mahindra,Honda,Toyota,Hyundai,Jeep,MG,Maruti Suzuki, Jaguar Land Rover(Tata),Nissan etc. India has world's 3rd highest number of Billionaires with 232+ billionaires and 1 Million+ Millionaires only Behind the US and China and Poor Paxtan and Ban*ladesh has 0 billionaires as the countries has only 1 industry and 0 tech, and Very poooooorrrrr 14)*Just India's Tata Group has a Market capitalisation of whopping $ 320 billion dollars and Reliance industries has a Market capitalisation of $ 280 billion dollars, Which is more than Poor Paxtans Entire GDP. Poor beg*ing country 15)*Poor paxtan beg**ng country, India administered Kashmir is booming with Billions dollars of Investments from Gulf and India,As India is building World's Highest Bridge, Semi-High Speed rail(Vande Bharat train), 600Km Expressway, Large Hydro power plants and A new Hydrogen Plant by Private company, And IT parks by TCS and Mahindra etc, 16)*India's Two Stock Markets BSE and NSE are 6th and 7th largest Stock markets in the world with a combined Market Capitalisation OF Whopping $ 8 trillion dollars, Which is 28 times the GDP of poor paxtan😂😂😂😂And its poor stock market has Little value of 10 billion dollars and mostly owned by Chinese companies what a poor be/ging country ****Unlike poor paxtaan Puppet, Wikipedia -With the world's #3rdlargest milit*ry expenditure, #4th largest arm*d for*es, #5th largest economy by GDP nominal rates ($ 3.5 trillion)and #3rdlargest economy in terms of purchasing power parity ($ 11.75 trillion),[2] India is a prominent #regional power,[3] a #nu*lear power, an emerging #globalpower and a #potentialsuperpower. India assumes a growing international influence and a prominent voice in global afraid

[@trendymadness5159]

Mauritius is a very underrated development story, especially since it's one of the only countries to develop without falling into a period of autocracy or dictatorship. I would have put Mauritius over Rwanda...

[@concept5631]

Good for them.

[@lucianoosorio5942]

“A bad economy and weak governments meant that the people are a little too unhappy.”

[@bogi2557]

Until a certain bald italian man siad he could Fix everything

[@The_whales]

Or a silly man with a silly mustache

[@daandevos122]

@@The_whales All he did was make some jokes, sadly forgetting Germans don't have humour, so they took him seriously...

[@nathanseper8738]

I believe the three qualities of any economically successful nation are an honest government, the rule of law, and an environment where business can operate without too much interference.

[@Bolognabeef]

Nailed it, couldn't word it better

[@steam9140]

What about China for the first two 💀

[@nathanseper8738]

@@steam9140 China's government did allow for free enterprise for a time, but it is an autocratic government that can shut everything down with no outside checks and balances to stop them.

[@nathanseper8738]

@@Bolognabeef Stability is key to prosperity.

[@musamaluleke]

True

[@seeeeeeean5106]

It is always a good day when hoser posts a 30 minute video ☺️

[@mal_3157]

fr

[@lekevire]

🤖🤖🤖🤖

[@reborn756]

I think adding Chile as an economic miracle because of that specific period is a huge mistake. The Chilean Economy was a roallercoaster during his administration having growth over 5% most of the time but followed by falls over 10% Assuming by the end of 1973 the economy of Chile was 100, by the end of 1988 (Pinochet left by early 1989 so we're not counting that since this video covers only his term), the Chilean economy would be around 152, in 15 full years he was in power, the economy grew about 2.85% in average, I don't know you guys but that doesn't sound like an economic miracle to me. Plus Chile became one of the most expensive and unequal latinamerican countries ever since. And before you comment: "Oh those falls were because of the previous government", well that's not true, by Pinochet's first year in power the economy started to grow again, plus sanctions on Chile were lifted. During Allende's term the economy grew 9% to fall 6.5% in the next two years (1.2% the first and 5.6% the second) and it's called the worst crash in the Chilean Economy ever, ignoring that in 1975 there was a wopping 12.9% fall (Almost double than the fall during Allende's term which was really bad), taking two years to recover to it's pre crash level, just to fall again in 1982 followed by another fall in 1983 of 13.6% and 2.8% respectively, the Chilean Economy took four years to recover from that second big crash. Just by this we can see that, during 1974 and 1988, years that Chile was 100% rulled under Pinochet, of those 15 full years, 3 years were of a falling economy spread across his term, 6 were for economic recovery with a little bit of growth and the end of the last year of their respective bounce, only 6 years were actual growth (of which 2 of them were 2% or under), only 4 years of those 6 years were considered of high economic growth not product of a bouncing economy. Just saying, México grew about 20% more than the Chilean economy during Pinochet's era, even when México entered a dark age, during 1982 and 1988 where México grew a wopping 0.7% during those 7 years, yes, not even 1% in 7 years, that's less than 0.1% every year in average, even with that, even México performed better.

[@richbandicoot]

yeah this video had a bit of a neo liberal economic bias

[@helast3916]

But pinochet liked burgars!!!!!!

[@pagaun]

The economic miracle and the situation chile was in from 1990 - 2012 aprox, in which it was the most rapidly growing country in latin america and having the highest gdp per capita in the region, was the cause of pinochets phylosophy and the economic measures taken by his administration.

[@whatdoyoumean2945]

the crash probably happened due to the coup and sanctions from the us and its allies

[@asapdiegos]

A Chilean economics student here. Actually our called “economic miracle” is mostly referred as the growth that occurred after Pinochet dictatorship until a couple years ago. The time Pinochet was ruling most of the population suffered even more when compared to Allende’s administration.

[@seangallagher9435]

The story of Botswana is really interesting, because the country could have just sat on all the money they were making, but instead put it into education, so there wouldn’t be a crisis should anything happen to their mining industry

[@JimmyM1975]

I think the diamond economies is going to survive more longer than the oil economies since there isn’t any talks that diamonds is bad but with oil people people treat it as evil. Car oil will probably end in 2050 for Europe

[@nomahope3182]

There are now synthetic diamonds. They could hurt the diamond industry.

[@juliushakala5148]

Finland also had interesting economic history to industrialize after WW2 without marshal aid from US while paying war reparations to Soviet Union and not being part of western institutions during cold war

[@lontongstroong]

The power of Nokia and Perkele

[@juliushakala5148]

@@lontongstroong And sisu, my parents tell me of those times in the late 40's and early 50's when my great grandparents and grandparents lived from hand to mouth while paying the reparations desperatly. Thankfully it paid out in the end

[@zhcultivator]

Indeed, such a shame that Oman isn't like Finland smh........

[@lontongstroong]

@@zhcultivator I reckon Omanis are too content with their oil deposits. And if there is a yardstick to compare with it, it should be Norway instead of Finland - small population that are relatively homogenous and extremely high natural resource density per capita. Finland and Oman have barely anything in common that is.

[@stevens1041]

I miss Nokia.

[@botronas6039]

As a lithuanian im happy for my estonian brothers 🥲

[@petersmythe6462]

In PPP terms, which are all that matter in the cold war since trade between eastern and western blocs was not that common, NK was richer than RoK until the 70s. And healthier until the 90s with longer life expectancy. The biggest factor that kills NKs economic performance is lack of global trade. That is why it lost almost all of those gains in the 90s with the fall of the USSR, and went from ~$3000/year GDP/capita to ~$500. It has still not recovered, with around ~$2000/year and any growth that does happen likely to be undone in their next trade crisis, having only limited and sporadic trade with Russia and China, and some trade with poor and remote countries that don't care about the sanctions. I would say North Korea might even been on this list if they could just wave a magic wand and implement free trade with the west. Like, extrapolate that $3000/year GDP/capita out 32 years? That's gonna be at least into the five digit range which puts it in the same category as China if not necessarily South Korea.

[@8is]

"NK was richer than RoK until the 70s. And healthier until the 90s with longer life expectancy." You're not kidding, they had a devastating famine in the 90s that killed anywhere between 240,000 to 3.5 million people.

[@ЛевТро́цкий-в4р]

Average communist😂😂 Healthier untill the 90s 😂😂 I literally escaped the nk and now live in sk And it literally disgusts me everytime I see comments trying to lie about the hell I was born in

[@eduardpeeterlemming]

Thank you for adding Estonia into the list

[@sanitarycockroach9038]

The Botswana story is glorious and a result of genius forethought and effective policy. The peaceful transfer of power from former colonial administrators to the native population by taking time to educate the local populace before letting the old guard retire with pensions and the natives running things takes far more restraint than most people are willing to give. That ended up paying huge dividends to the country, turning it into one of the jewels of Africa. Also the rightful native king of the land choosing to switch the country to a more democratic republican system willingly gives me George Washington vibes.

[@MrInsdor]

Libya under Ghaddafi was another country that did oil nationalization well, damn well when directly compared to other states of the region, having the lowest social inequality and biggest growth of any African country in many years despite Western sactions targeted at it

[@sotch2271]

Wasn’t the richer country of africa or richer per capita or something before lybia invasion ?

[@DBV-iu1qw]

it dudnt have the biggest growth thats not true. and it was never even relatively wealthy, in fact it was and still is very poor compared to other arab countries

[@mangogaming149]

it was still very poor, and badly managed state.

[@shauncameron8390]

But Libya was a dictatorship.

[@mouhamedali6587]

@@DBV-iu1qw 😂😂

[@nenenindonu]

South Korea's story of economic advance is just second to none, its not comparable to any of those at all

[@habibmagala970]

More impressed by China 🇨🇳 to be honest

[@user-dz4eb5rb3g]

@@habibmagala970 China has natural resources and was a always a huge economy and a superpower, South Korea never had any of these

[@theburden9920]

@@user-dz4eb5rb3g China achieved the fastest economic growth in human history the only one country to compare is Japan.

[@user-dz4eb5rb3g]

@@theburden9920 yes but China was always a superpower South Korea never was they don’t even have resources North Korea has those

[@poetrypagan9309]

True, the only country that went from dirt poor after WWII to a developed economy in the whole world.

[@TheJayTex]

It’s channels like these that keep me interested in history. These are the kind of people we need as teachers and professors

[@joshschmidt4546]

you should make a full vid on the baltic countries or Estonia or former soviet countries or whatever!! love ur vids

[@darrendoesstuff1127]

1 thing to note is that Norway is not the only country with oil and gdp per capita. Canada is a country similar to Norway. Good gdp, lots of oil and low population cause of ruff terrain.

[@aSuperPi.]

But Canada wasn’t ever really that poor

[@staropramen478]

I don't think he meant just GDP per capita (which is something a lot of people do) but also wealth equality, high median incomes, HDI etc. Countries like Qatar and Saudi Arabia has higher GDP per capita than Canada but their population is not as prosperous.

[@Oversneeze]

Damn i hate that my country keeps being referd similary to Canada, we are not so much the same

[@Lemon04]

But then Canada lets the Norwegian government (Equinor) exploit its own oil resources instead of exploiting it itself

[@Pants69]

@@aSuperPi. Norway wasn't really that poor either

[@global.things]

Yo H0ser! I also make country/geography type videos and wanted to let you know that I really like your content!

[@bruh83483]

Yoooo

[@Ventbrise]

yoo i watch your content, good stuff

[@europeanmappin]

@@Ventbrise yeah same, mans sick

[@kureciparatek2838]

I was expecting Poland to be on the list, their growth is impressive aswell.

[@lucasharvey8990]

The entire Soviet sphere after the Soviets is impressive. I think out of all of them, Estonia represents them the best.

[@trendymadness5159]

Whole Eastern Bloc, former Warsaw Pact group of countries' economic growth since Soviet dissolution has been impressive. Especially when juxtaposed with the rest of Europe's economic stagnation.

[@gustavoritter7321]

It is not actually, Poland is basically only recovering.

[@gustavoritter7321]

Besides, Polish (and other Eastern European growth) won't last because these are childless, stunted societies.

[@M8M8ss]

@@gustavoritter7321 If only the Poles would get rid of the concordat, and kick the Church out, it would be richer than Romania, Slovakia, Czechia, and all the ex-Yugoslav states combined

[@BotswanaShorts]

Thanks For Including Me ❤

[@sevenoxia7199]

I’m surprised you didn’t mention how in 2015, Ireland’s GDP grew by 25%, which you just brush past and say that after 2008 Financial Crisis, Ireland was a very stabilised country economically compared to the previous 2 decades, which is quite inaccurate.

[@tomkav345]

Its a tax haven so that money isn't generated there anyway, nor can they access that wealth since their entire existence is to hide the profits of Google, microsoft, Apple etc. They are a lot poorer than their GDP numbers would lead you to believe.

[@sevenoxia7199]

@@tomkav345 of course, but I'm specifically talking about GDP Growth Rate, which even if the money isn't remaining in Ireland at all, still makes Hoser's statement inaccurate as he said after the 2008 Financial Crisis Ireland had much slower GDP Growth rates, even though in 2015 the economy "grew" by 25%, an artificial growth rate or not, it still counts.

[@shway1]

there are a lot of innacuracies in this video, most annoying is pretending like north and south korea are in the same situation except for economic policy... then it cuts to an ad about media bias lmao

[@jgw9990]

@@shway1 North Korea actually had a better starting position. It was more industrialised and developed than the South, and had the trade routes to the rest of Asia.

[@shway1]

@@jgw9990 when one side is allied with and in the sphere of influence of the rich industrialized world and the other is completely sanctioned and in the sphere of influence of a poorer regional power, that's not a "natural experiment" as it is often framed, that's all I'm saying. also south korea isn't the great example of free market capitalism some people think. it started out as a dictatorship with strong economic planning and is now a democracy with a huge govt-created monopoly problem, which ended up with their president going to prison and the heir to a quarter of south korea's gdp being pardoned by the next one. just to be super clear I'm obviously not saying the north is better it's much worse, but really bugs me when people make the "natural experiment" claim.

[@livescript4462]

thanks for another banger my guy

[@YukiSakurajima]

As an estonian I'm really proud😎😎💪💪🇪🇪🇪🇪🇪🇪

[@deadend4785]

the way you talk with an excited/proud tone is one of my fav parts of this channel

[@Pasakid]

Hearing Säkkijärven Polkka as Estonia's background music feels a bit cursed as a Finn.

[@coffeemakerbottomcracked]

Bruh &lumen

[@Commenter495]

@user-tn4vk9uj5d bruh. Finnish derives from ancient Estonian?

[@butterflies655]

​@@Commenter495 or vice versa.

[@butterflies655]

​@Zhong Xina You have done nothing wrong.

[@alexaustonjr119]

Plzzzz make a video on South Korea!!! Love the content btw , good luck !!

[@damian4926]

Poland in 90-2020 had second biggest growth in the world, second only to China. 30 years of growth and zero recession.

[@alank.c.3822]

Mexico also had a very interesting Economic Miracle in the 50s - 70s

[@rohanindra6401]

They’re right next to the United States. The parts close to the border are pretty much first world. Yet they hover over 10k per capita. Mexico doesn’t deserve to be on the list. They should be developed. Yet its become corrupt and cartel ridden in many parts. Anyway i still expect them to become a developed country this century. US is lucky to have them as a neighbour

[@alank.c.3822]

@@rohanindra6401 I mean, as a mexican I'll be the first one to admit Mexico is not on a good spot rn, but to say Mexico is not developed is kinda wrong. Now, it's not a first world country either, the government is a joke and it's the main reason that keep Mexico from being as good as it could be

[@senhox970]

Like Brazil did, but I think it wasn't sustained growth

[@normanclatcher]

​@@alank.c.3822Federal Government and the cartels, really.

[@BLUELANDSBALL]

But on this times like 50s-70s there weren't cartels yet​@@normanclatcher

[@ShadowSkryba]

Would you consider also making a similar vid on Spain, and the other former Eastern Bloc states?

[@redrox3312]

I love how the thumbnail implies that simply switching the satellite image to night means an economic miracle

[@latitude01]

The Chilean economy miracle happened after Pinochet's dictatorship, mostly during the Patricio Aylwin & Eduardo Frei's governments.

[@CptNero]

Funnily enough Alwin's government raised social spending and financing of public institutions. He also strengthened labour laws. Which is totally the opposite of what the boys from Chicago tried to achieve!

[@MA-go7ee]

Because they kept the policies though

[@latitude01]

@@MA-go7ee There were very few "policies" under Pinochet, most of all privatizations of state companies. The "miracle" truly began when Aylwin, Frei and Lagos stabilized the economy, opened it to free trade & poverty declined, when actual reforms were enacted. None of those things happened during the dictatorship. Pinochet reluctantly (after two consecutive recessions) agreed to an autonomous Central Bank, probably the only good-no-caveats economic policy under the regime, as it has helped Chile better endure recessions. Other policies, like the privatization of pension funds have yielded poor results.

[@Lars_H08]

You deserve much more subscriber's, your vids are super entertaining

[@dontrememberit6834]

It's just amazing that how only one right leader in power can change whole countries future.

[@rubylagahit7622]

I was shocked to see that Guyana isn't here. Guyana is literally speed running economic growth with a staggering GDP growth of 20, 30 sometimes 60% which literally makes it the fastest growing economies in the world because they found a huge amount of oil in their area. Before they found oil they were really poor but now they are getting richer with a GDP per Capita of 20k$ and a GDP per Capita (PPP) of 80k$. And there will be a time where Guyana would be super-duper rich like Qatar or the UAE where they also found oil. Also Guyana didn't get the oil curse like Norway. So there is a chance Guyana would be like Norway and rich Saudi nations. I am really excited to see you uncover the astounding growth of Guyana in a future video.

[@FERDI-f6n]

Do you see improvement in quality of life there? I am curious

[@helast3916]

The problem in a lot of those examples is that some of those are extremely inequal nations and skew the datas (botswana,rwanda,ireland) yes the nation got richer but the average citizen did not. Like the average life expectancy in botswana is 69 years and it’s lower than countries like morocco or albania

[@korkorkorkorkor]

wait, ireland?

[@GTM9164]

I disagree on Rwanda so many examples of countries not recovering from genocide and war. they did and then some.

[@YesYes-uj2ld]

@@korkorkorkorkor the economic growth mainly benefited the government and not the average person, especially recently

[@1wun1]

@@GTM9164 the average Rwandan is poorer than both his neighbors and his parents

[@helast3916]

@@korkorkorkorkor most is in the hands of corporations,

[@KenLinx]

oh crap a sponsorship I'm actually interested in for once!

[@יהונתןדובנו]

I really liked your video, and I'm surprised you didn't pot Bangladesh in. If you don't have any ideas for a new episode do a part 2 ❤️

[@pratyushdash7573]

bangladesh is still not a economic miracle. all south asian countries like india,bangladesh are one of the fastest growing in the world but still haven't experienced the economic miracle because their gdp per capita is still less than 3000 usd. but bangladesh and india are going to experience economic miracle in the future.

[@auguaauaguga6517]

@@pratyushdash7573 Maldives and Bhutan are good

[@pratyushdash7573]

@@auguaauaguga6517 yeah but here i am talking about big countries who are developing like india and bangladesh

[@יהונתןדובנו]

@@pratyushdash7573i think Israel is a good contestant for part 2. In the last 70 to 80 years Israel gone from almost starving to really wealthy. it is a economic miracle

[@auguaauaguga6517]

@@יהונתןדובנו when someone's foster father is the USA then yeah it's a miracle

[@joshschmidt4546]

dont even have to watch before knowing that its gonna be a banger.

[@dairallan]

You dont appear to have read your own data for Chile. Pinochet's dictatorship fell in 1990 having ruled since 1973. Your graph shows **clearly** that Chile was on par with South America for that entire period. Only after the dictatorship fell and they returned to democracy did Chile begin its remarkable growth.

[@jonasastrom7422]

Isn't the point that his capitalist policies, (excluding the government intervention that made the 1982 crisis worse) paved the way for the Chilean economic miracle?

[@dairallan]

@@jonasastrom7422 You can make that argument. But its spurious and correlation is not causation. Uruguay never had a fascist dictatorship to achieve the same outcome. Even the badly run SA countries made significant progress during the same period.

[@jonasastrom7422]

@@dairallan Fascism? Where the hell did that come from?

[@dairallan]

@@jonasastrom7422 Where did it come from? Well the CIA wanted to replace the democratically elected leader of Chile. They identified a fascist named Pinochet and decided that was their man so they installed him into power. I would thought you'd know this before commenting on the thread.

[@jonasastrom7422]

@@dairallan No I meant the word fascist, he wasn't in any way or form a fascist. Also Allende's KGB funded campaign gained him a third of the vote, not the majority, so hardly very democratic. And the CIA had very little to no influence on the whole affair, the military was intent on couping the government after the disaster Allende created, all they wanted was "approval" from Nixon, which they got.

[@joaquincimas1707]

Spain probably deserves a spot too. At least a mention. From a agricultural base country, destroyed by the civil war in the 30's, disconected from the world until 1952 for the connections Franco have with Hitler. To the 9 or 10th world economy in the early 70's. Only being beaten by growth of GDP by Japan in the 60's. I think Spain deserves by their own a spot. In fact, that period, (1959-1974) its called the spanish economic miracle. Good video overall :))

[@dapumpking7202]

Amazing Channel, Amazing Vids=Hoser!

[@CandyHatsuneWolff]

1:24 Are we not going to talk about that gorgeous LEGO setup?

[@benkim2016]

Pretty good lessons but could have included the biggest export items from SK which are now Kpop and Kdramas! K weapons are also getting popular as the top 5 in the world since the Russo Ukraine war!

[@rohanindra6401]

A miracle has to be broader than “significant improvement”. Theres so many countries that fit that bill like Bangladesh, India, Indonesia. Yet these are not miracles. Id say they must’ve done a creative strategy and reached first world or high income status which Vietnam, Rwanda etc haven’t. So Japan which is the first non Western nation to industrialise, Singapore, China with its SEZ concept and Botswana demonstrating development is possible in Africa and avoiding resource curse deserve to be on that list. Not Ireland and Vietnam (which is definitely impressive and something im very proud of them for considering the war they suffered)

[@idifjrivhjf5198]

I mean bangladesh went down the drain anyways I do agree though

[@frankyfeuilles3511]

None of the asian countries could compete with Japan due to being destroyed by it in WW2

[@kiritugeorge4684]

Its misleading to say that the free market and liberalisation played an immense role in Chinese boom. Post Mao Chinese econony was still centrally planned. It allowed for the *existence* of liberalisation policies but those were still subservient to the state.

[@Vitorruy1]

The creation of a private and finantial market to attract foreign investment was literally THE reason the chinese economy took off, this cannot be understated. Without it China would still be poor. How on Earth this doesnt qualify as an "immense role"?

[@BalancedEarth]

I can't wait for the next 10 am upload :)

[@Clen12]

i like how he uses animals as a country idk why

[@ETB3341]

it's more interesting than if they were just circles.

[@crashclash2866]

I think it's their national animals but idk

[@Commenter495]

@@crashclash2866 Yeah it is

[@konsumkind99]

This video is oversimplifying too much. Its boiling everything down to "freemarket", where a lot of other factors contributed way more (and in vietnams case its not even a free market lol). Also the taxhaven Ireland is causing a lot of problems in the EU and obviously very fragile

[@CptNero]

> Vietnam and China shifted from strict central planning to what Lenin started in 1920s as NEP > h0ser: they got rid of communism and embraced free market!

[@ianpokemon04]

Im surprised you left out Taiwan with the whole Four Asian Tigers thing. With Taiwan, Singapore, South Korea and Hong Kong all having economic miracles. Not to mention the fact that most countries don’t recognize Taiwan or have formal relations with Taiwan.

[@ianpokemon04]

@@zorbathegreek8339 I hope and pray (Im an atheist, I dont pray. But you understand what I mean) that Taiwan will be a free and independent country. Its so beautiful and has a rich history. I dont want China to destroy it. Especially before me and thousands of others get to experience its beauty.

[@ianpokemon04]

@@zorbathegreek8339 I don’t think China would like that well at least the CCP

[@poetrypagan9309]

then you'd also have to include singapore

[@kittenbus0]

Technically China is still in a civil war?

[@ianpokemon04]

@@kittenbus0 yea because there was no peace agreement but thats more of a technicality

[@dynahops]

I love the visuals in these videos!

[@agme8045]

Chile is poorer than Uruguay, and just a couple of years ago it was also poorer than Argentina (to be fair the 3 countries shared a similar economical situation, similar GDPs per capita, HDI, etc.) And argentina and Uruguay never had some kind of economic miracle that lead them to that level of development. The truth is that the 3 countries have terrible economies, that are heavily dependent in exporting natural resources. Argentina is the most industrialized out of them all, but still it has a terrible industry that’s heavily protected and would scramble to pieces the minute that changes. While Chile’s macroeconomics looked good, inequality was (and is) rampant, people were still poor, didn’t have access to free or even affordable healthcare or education. And last but not least, corruption is a huge problem in all 3 countries (and all of latin america too)

[@lontongstroong]

Uruguay is actually less corrupt than a number of high-income countries. But I agree with the rest of the argument, it's waaaaayyyyy too unambitious relative to its potentials. Given its geographical location and institution quality, it could've easily positioned itself as Singapore of Latin America and branches beyond meat and grain exports.

[@biggestnibba]

>Chile is poorer than Uruguay, you're deadass wrong there buddy lmao

[@JoacoG11]

@@biggestnibba nah he isn't

[@biggestnibba]

@@JoacoG11 then sort by gdp or GDP per Capita adjusted to inflation and inequality, chile still higher. the only reason Uruguay has been doing so fine in statistics it's because it's a miniscule country, barely bigger than a medium city in population, it's really easy to have good statistics when your country it's barely over 3 million lmao

[@rs-dp6pr]

You clearly have no idea of Chinese economy.. watch less media in your country.. or people will just think you are dumb.. you are not.. you just don't know much.

[@bungercolumbus]

Fun fact. Estonia at the moment is one of the most digitalized societies. 99% of public services are online. Everything can be signed digitally. You have e-voting, e-health and e-residence. It's quite amazing if you stay and thibk about it.

[@rileygraney9568]

There are more countries with economic miracles, or just countries who bounced from weak to strong economies, I would love a part two, even if it’s only 5 countries.

[@simonjames9481]

These are the countries that experience actual economic miracle China- 1980-2020 Japan- 1950-1990 South Korea- 1980-2010 Germany- 1950-1980

[@hambster9759]

Bro botswana and Rwanda are honestly more "miracle" than all these 4

[@sotch2271]

@@hambster9759 honestly seeing the exponential growth and the work of lifting millions upon millions of chinese out of poverty is far more impressive

[@john0ldman.]

Japan and Germany are very impressive to me !

[@hochigaming14yearsago90]

Mega

[@sugeuni]

Southkorea 1960-2000

[@greenoftreeblackofblue6625]

China "Miracle" was more like having a not rebellious country and a government to semi point in a direction. It felt more like a thing that was always gonna happen. Am not belittling china but Ireland becoming rich seems more like a Miracle to me.

[@ueIl]

You should make a video like "10 countries with economic tragedies"

[@Vitorruy1]

gonna be a 4 hour video

[@aralian8180]

Me and the boys reforming the Chilean economy:

[@ethiopianballer1263]

Amazing video bro

[@makifc.]

I love how the background music for South Korea is Gangnam Style lmao. Good choice of music, and kinda fits in well with the graphics in the segment.,

[@fancyotter123]

Im irish and im glad you included our country 🇮🇪🇮🇪💚💚

[@basilshamali2690]

I think Israel should be up there too. Despite being established less than 80 years ago, a small land area and a small but yet heavily divided population, literally zero resources and being at war with half of its neighbors it still managed to out perform every other Middle Eastern country all without a single drop of oil. Today Israel is a leading country in many different industries like space, technology, weaponry and many others, it even has its own nuclear program and nuclear weapons, not a really positive feat but still an impressive one. It also has some of the highest ranked universities on earth like the Technion and the Hebrew university of Jerusalem. Now Israel has a gdp per capita of 51,000 usd. One of the highest among all countries. And a side note, 13 Israelis have received the noble price since 1966.

[@confucius2215]

Israel? Never heard of it

[@basilshamali2690]

@@confucius2215Denying its existence doesn’t make at any less real

[@shellshockedgerman3947]

I mean its impressive but the Jews that migrated their were very well educated and very connected with the elite. It would be more suprising if Israel failed to make their country prosperous with all the highly connected and skilled Jews in the country.

[@jackzhou4813]

The Jews have never been short of money and wisdom

[@kakonthebed]

Interesting how these replies are hyperfocusing on the fact that the country is Jewish. You never see mfs talking about majority catholic countries like this

[@nathanbeech8720]

Not the Gangnam style in the background😂😂

[@jgw9990]

While Ireland's GDP is high, that's partly due to being a tax haven so a lot of global companies are based there. Importantly this wealth doesn't really trickle down to the people. The median income is a lot lower.

[@uggali]

Fr, trickle down economics is a scam

[@MrKobus-rz4qy]

Median household income in Ireland is $73,406 (2021) which is extremely good, so "trickle down" has been working for them. Also it's not even trickle down. Trickle down has never been implemented anywhere in the world, because trickle down is when you raise taxes on the poor and on middle class individuals, while deregulating big businesses and lowering taxes for them. Ireland lowered taxes for all and deregulated all industry, not just big ones.

[@Vitorruy1]

Not true, the mediam income skyrocketed since those policies were implemented

[@TheMacz69]

​@@MrKobus-rz4qythis. People say the Irish don't benefit. They do, it's just not proportional. By GDP vs income no, they don't benefit to the fullest extent. But if you compare to prior to these policies vs now, oh hell ye have they benefitted

[@lzh4950]

@@uggali Meanwhile 1 of my countrymen was arguing that "inequality is a must" as he believes in trickle-down economics, & that the alternative is trickle-up economics that's associated with Communist/planned economies

[@jujuoof174]

Learned a lot! Thanks!

[@Moiaija]

Good video!

[@WINDYCHUNG]

I like this video, there is no miracle, but only hard working can work.

[@eddiestilll]

all of these countries are a good example of "don't judge a book by its cover" :)

[@gunterxvoices4101]

Watching Canadians try to understand economics is pretty funny 😁

[@therealcanada12]

As a Canadian I can agree

[@gunterxvoices4101]

@@therealcanada12 Based Canadian

[@endex190]

I think when you were talking about estonia you shouldve said all baltic countries, cause gdp (PPP) is actualy higher in Lithuania and all of the baltic states basicly went though the same thing as estonia

[@Alexandros.Mograine]

Finland didnt have as drastic of a climb as estonia since finland had decades of progress while estonia was under soviet rule. But finland did have a decent economic "boom" in the 50s. not worthy of being in this video im sure, but it helped us pay back our war reparations, infact finland was the first and only country to pay them back fully! i was born when the union fell, and has been nice to see estonias progress.

[@iloveapple530]

Do a 10 worst geography

[@starsky9832]

Second this

[@williamthebonquerer9181]

Just a list of land locked African countries. Yes Ethiopia has bad geography I have no idea why hosar thinks otherwise.

[@mountainous_port]

This has a very positive air to watch.

[@MC_MMV]

It wasn't just the Americans that won the war against Japan, Australia and New Zealand put in considerable efforts from what I know

[@willevensen7130]

Eh not as much as the Americans

[@willevensen7130]

Still contributed just not as much

[@pedrofr1434]

I really hope Botswana and Rwanda keep growing

[@NikolaYordanov357]

For most of the history China has been the richest country. The last 150 years DO matter but ...

[@willevensen7130]

They also slaughtered tens of millions of their own people in some of the most deadliest ancient wars. The last 150 years do matter but….

[@jackzhou4813]

100 years of economic development in an industrial country is equivalent to 1000 years in an agricultural country，Just like a small country like Japan and Britain beats a giant China

[@DanielFlores-yz6vd]

Good choice on background music 😂

[@JohnDiceAcademy]

Still waiting for Turkmenistan to become a global superpower. Miracle on the hell hole let's go 🇹🇲 💪 🔥

[@Ttegegg]

Yeaaaaaaaaa. Let’s do some donuts

[@user-dz4eb5rb3g]

Pretty sure the government is rich cause of gas

[@axlr8deathpls294]

Turkmenistan finds oil and suddenly the US goes on a campaign about liberating turkmenistan from their oppressive dictatorship lmao

[@user-dz4eb5rb3g]

@@axlr8deathpls294 aren’t they already rich do to gas and friendly with the us

[@axlr8deathpls294]

@@user-dz4eb5rb3g turkmenistan is called "the north korea of central asia" since it's currently a part of a brutal dictatorship.

[@robertortiz-wilson1588]

Extremely well done!

[@GwainSagaFanChannel]

I do think unlike south africa botswana is very stable economically socially and politically would be interesting to see how they develop maybe together with south africa can form a regional powerhouse to create a south african market similar to cono sur so they can attract more investers companies and earn more income as well

[@jackholman5008]

Botswana and south Africa cannot developed together south Africa is completely screwed

[@shauncameron8390]

Botswana was and is fortunate not have any Marxists run the show unlike its neighbors Zambia, Zimbabwe, Angola and South Africa.

[@kakonthebed]

@@jackholman5008I live here boet. Western cape is like a different world now under the DA. We might even get our own provincial electricity company which would be awesome

[@jackholman5008]

@@kakonthebed no it's not boy,it can never be independent of the rest of the country stop dreaming

[@kakonthebed]

@@jackholman5008 Never said it would be independent, I’m a fence sitter on the WC independence thing. Maybe consider the idea that other people have done a significant amount of research and have come to logical conclusions of their own that might disagree with yours :)

[@pavankumarhk7074]

When looking at India, many youtubers make the mistake of treating its economy as the same across the country. Indian states namely Maharashtra, Gujarat, Kerala, Karnataka, and Tamilnadu have had significant economic growth. These states together have a population of 380M and per capita gdp of $3,500. Each of these states are similar to many countries mentioned in the video. If we just look at India's average economic growth, then it would get pulled down by highly populated underperforming states like Uttar Pradesh, Bihar, and West Bengal, which together make up 480M population and have per capita gdp of $1,150.

[@connortaylor8609]

I’m not sure if this is something that you would be willing to do but “what if the Mississippi River was cargo ship navigable” how would this change the US, possible impacts of its implementation, and what it would take to do so.

[@EVIL-t4o]

you should do one on economic disasters, there is a lot if not more to learn from failures than success.

[@karl9999]

Babe wake up, Hoser just posted a new vid

[@rohanindra6401]

A lot of people are pointing neoliberal bias. Unfortunately there are not many economic miracles which flourished under Marxism. The video names countries run by Communist parties such as Vietnam and China who embraced liberalisation (not synonymous with neoliberalism which is about deregulation at all costs). For example an economic liberal would believe in fiscal responsibility unlike a socialist but not US style neoliberalism which believes any banking regulation is COMMUNIST. The video outlined countries that invested heavily in education which is not neoliberal either. And for the lefties, it is not a socialist principle either. Socialism in my view is collective ownership of resources where as education is a public good.

[@thetaomega7816]

cringe tankie

[@rohanindra6401]

@@thetaomega7816 lol no. Im actually a fan of Thatcher and Reagan. And they were successful but in a different era with different problems. I guess id like someone like Ron DeSantis, if forced to pick a Democrat Bloomberg. Dream guy John Kasich lol. Idk if you’re from the States.

[@sotch2271]

@@thetaomega7816 american being american

[@shauncameron8390]

Because Marxism was never a viable or sustainable model to begin with. Aside from USSR and China, most Marxist states were too inefficient and inadequate in supporting themselves having to rely on USSR, China or some other well-off state for aid.

[@TisDansk]

🤓

[@theemperorofmankind7706]

Never heard a single man in Europe call Ireland a technological hub of the continent ..

[@JonBrownSherman]

Did you choose long-extinct Irish Great Elk as the animal for Ireland? Nice.

[@emeldaobidike7627]

Great video 👍 and next one what about Nigeria!?

[@stevens1041]

I agree with Vietnam on this list. In the year 2003 Vietnam had an income per person on par with some of the poorest countries in the world. Their most advanced industries in those days was making printer cartridges and engineering windows for cars. Fast forward to this year, they are making RAM, LCD monitors, automobiles, and even foldable phones and computers. Vietnam is amazing and has made incredible progress, I recently visited there again and it was incredible how much it has changed.

[@BlazeDragonEternal]

Hopefully Argentina will be on this list soon. With the new administration, we're following similar steps to Ireland, going from a heavily controlled, protectionist, very poorly handled economy to aiming to be the most free country in the world. The results speak by themselves so far, in less than a year, inflation and country risk have been heavily cut down, the Argentine peso has become significantly stronger after being in free fall in comparison to the US dollar, massive investment from outside and even inside the country is coming, and the economy has been freed from several chains, though many more remain. Seeing the results in other countries makes me hopeful we'll go down the same path, after years and years of corruption and mismanagement that created massive poverty in what was once, very long ago, one of the most promising economies in the world.

[@weirddudeuwu]

Estonia finally gets recognition

[@Т1000-м1и]

I missed this channel

[@alexpetrovic4585]

Hoser will be the first KZbinr to get to 1 billion subscribers

[@IkeReviews]

You forgot Singapore went from a 3rd world backwater to a 1st world developed country despite not having no natural resources

[@heuzame6198]

They got location

[@thatrobocop8175]

Could you talk about the Mexican Miracle after WW2 pleeease??