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Explanations

Video Shorts on Economic Development Issues

Geoff Riley

1st February 2026

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Here is a growing collection of video shorts on key economic development concepts and issues.

The Lewis Turning Point

The Lewis Turning Point is a key concept in development economics that explains how countries move from labour-intensive growth to productivity-led growth.

The Natural Resource Curse

The natural resource curse explains why some countries rich in oil, gas or minerals experience weaker growth and poorer development outcomes than resource-poor economies.

The Middle Income Trap

The middle-income trap explains why some countries grow rapidly out of poverty but then struggle to reach high-income status.

Human Capital and Endogenous Growth

Endogenous growth theory explains how long-run economic growth can come from within an economy rather than from external shocks.

Capital Flight - Why Money Leaves Crisis Economies

Capital flight is the rapid movement of financial assets out of a country when investors lose confidence in its economic or political stability.

Dutch Disease and De-industrialisation

Dutch Disease occurs when a boom in natural resource exports causes a country’s exchange rate to appreciate, reducing the competitiveness of manufacturing and agriculture. Higher export revenues increase foreign demand for the currency, making non-resource exports more expensive and imports cheaper. This leads to de-industrialisation and greater dependence on a single volatile sector, increasing long-run economic vulnerability.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.