Modern economies,

In fact, it's so massively rich that it can contain the four other top industrialized nations' economies inside itself, it's so vastly rich.

The country was industrialized very quickly.

It's become this intense industrialized zone.

Economies run on ideas.

The economies were not growing.

These are standard in all the industrialized worlds.

There's very little economies of scale.

Is this really how economies behave?

We must make economies in buying clothes.

International trade is vital for healthy economies.

What we've done is we've created economies.

I discovered the dark side of the industrialized food system.

Four billion live in growing but fragile economies.

The economies of the future depend on that.

That would be bad for economies and cities.

The best of here in the emerging economies

And this is matched in every industrialized, wealthy country in the world.

This is 1950 those were the industrialized countries, those were developing countries.

But my neighbor only knows two types of countries industrialized and developing.

The economies were hit hard by energy price increases.

And we've heard a lot about how economies function.

Economies of scale gave rise to this sigmoidal behavior.

Great for fishermen. Lots of money. Supporting local economies.

Number 2 is right as well, economies of scale.

All a welcome shot in the arms of local economies.

But the contributing value of each individual is the lowest among the industrialized countries.

And our teacher told us that the industrialized world, 1960, had one billion people.

In the industrialized world, people were healthy, educated, rich, and they had small families.

The East Asian economies were hit hard by energy price increases.

There's a discrepancy in what's happening today in the emerging economies.

And the blue former developing countries are mixing up with the former industrialized western world.

India was ranked fourth in terms of economic growth among emerging economies.

And it becomes almost impossible to save lives, educate kids, develop economies, whatever.

Very, very bad for economies and companies and cities in our present paradigm.

What are fix cost? What are variable cost? Are their economies of scale?

Ireland is one of the fastest growing economies in the European Union today.

Nigeria is going to be amongst the top 10 economies in the world.

And that's what they're trying to do in all aspects of these economies.

Because of that, we still have the old mindset of developing in industrialized countries, which is wrong.

But 1850 had already been many, many years of foreign domination, and India had been de industrialized.

They become consumers and producers and local economies begin to spiral up very rapidly.

And I think it'll be profoundly useful in understanding how it is that economies grow.

Economies don't run on energy. They don't run on capital, they don't run on labor.

OECD countries, by and large, you should think about these as the richest, most industrialized countries in the world.