2) because some countries are more developed so they could invest in mining resources which other countries may not be able to do for their lack of capital or 3)because some countries are more politically stable than others. Why some countries are richer than others - ocr different countries of the world are classified according to their level of social and economic development levels of development are dependent on.
Abstract this paper tries to analyze why some countries are richer than others economic theory is used to identify the different factors affecting countries to be richer or poorer introduction one of the fundamental questions regarding the world during all the time is why some counties are richer than others. [t]his is our best candidate answer to the question of why are some countries so much richer than others what causes a “misallocation of resources” in smith’s day and in the country where he lived (britain) it was mainly bad government policy.
Lecture 2 nicolas coeurdacier [email protected] understanding the world economy master in economics and business why are some countries richer. Chapter 12 production and grouth study play why are some countries richer than others productivity productivity average quantity of goods and services produced per unit of labor input y property whereby poor countries tend to grow more rapidly than rich ones foreign direct investment. Countries like saudi arabia are rich because of mineral resources and countries with rich soil and dependable rainfall tend to be richer than desert lands or rocky soil also over-population. There is no tendency for poor countries around the world to grow either faster or slower than rich countries for every botswana and south korea, there is a madagascar and niger remarkably, 14 out of 100 [countries] exhibited a negative growth rate of gdp per person between 1960 and 2011.
Originally answered: what are the main reasons why some countries have become developed/richer and others have not the reasons you suggest are all valid they all contribute toward development, some more than others, and some more emphasized in particular countries than others. Why some countries are richer than others - ocr different countries of the world are classified according to their level of social and economic development levels of development are dependent on physical, economic and environmental factors. Learn about and revise contrasts in development and why some countries are richer than others with gcse bitesize geography (ocr.
The penn world table has long been a standard data source for those interested in comparing living standards across countries and explaining differences in cross-country growth the artic. Highlighting elements of geography and institutions to examine why some countries are richer than others is just one part of the thesis this is because virtually all societies back then lived with an absolute minimum of economic security and survival, which meant that any additional income resulted in more survivors – which resulted in an increased population – while lower income led to fewer survivors. Originally answered: what are the main reasons why some countries have become developed/richer and others have not the world economic forum has for 30 years been analyzing this and economic research they have done identified 12 major pillars driving economic growth and competitiveness.
This is just my mind wondering i've always thought as a kid that all countries were equal i never really got the point why some countries are richer than others. Why are some countries richer than others poverty is still the biggest problem the world faces from day to day every country suffers from it to some degree, however certain places are greater effected than others.