In this episode of the Madojo Podcast, host Victor Okoro delves into the complex world of development economics and engineering, focusing on the persistent issue of underdevelopment. The discussion covers the symptoms and deeper causes of underdevelopment from a theoretical perspective, highlighting the importance of productivity, coordination failures, externalities, social factors, and historical legacies. The episode also examines influential economic models like the Solow Growth Model and underscores how improvements in institutions, technology transfer, and community engagement can help break the cycle of poverty.

00:00 Introduction to the Madojo Podcast

00:30 Understanding Underdevelopment

01:57 Symptoms of Underdevelopment

04:39 The Role of Productivity

06:06 The Solow Growth Model

11:05 Coordination Failures and Externalities

14:06 Historical and Social Factors

16:21 Strategies for Development

20:56 Conclusion and Future Topics