Using economic theory explain why some countries are richer than others. 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. How is it possible that there are some countries in 21st century‚ where families cannot feed their children
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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. This is because the level of economic growth differs from country to country. The greater amount of growth the less room there is for poverty. This is simple reason why some countries are richer than others. If countries fail to move forward than it can present many problems. Mainly
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Question 1: The Rich and the Poor The term poor refers to the people who do not have enough wealth to feed and cloth their families‚ on the contrary the term rich refers to the people who possess wealth and are capable of buying the luxuries for them. Poverty exists everywhere‚ and‚ unfortunately‚ in the third world countries its magnitude is substantial. Every year‚ millions of people in underdeveloped countries die because of starvation or various diseases. (Sen and Foster‚ 2007) It is common
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between Rich and Poor Countries.:. Introduction: Who are considered the rich and poor countries of the world? Most of the wealthy countries are in the northern hemisphere plus Australia and Japan‚ which is found in the Southern hemisphere. The following countries are mostly considered the wealthiest and most educated with a high standard of living; Canada‚ USA‚ Britain‚ and Germany‚ are just a few of the most developed and wealthy countries in the world. Examples of the poorest countries are;
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Why is the Rich Superior to the Poor? There is a significant difference between the rich and the poor. Being wealthy gives you the opportunity to become more secure and independent. However‚ those in poverty are less likely to be independent because of their lack of money. Day by day‚ people are on corners of the street pleading for money or necessities to get them “back on their feet.” The rich will always be above those who do not have the ability to provide for themselves or their family.
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control what country they are raised in as a child. As a result of being born into different countries and better families‚ some are lucky enough to grow up and live a better life than others that were not lucky enough to be born into a great country. The reason why some countries are better than others are due to things such as geography‚ opportunity‚ and education. Another important factor that contributes to people living better lives than others is because the government system in one country is better
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Health‚ education and trade are important for rising countries and their nations. Poor countries in some situations need support from other rich nations. Nevertheless‚ some people hold their opinions that rich countries should take responsibilities trend these nations to help them. Other thinks against this topic. However‚ poor nations should take more responsibility by themselves and depend on their recourses by trading with rich countries to be able to confrontation difficulties such as poverty
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English 102 10/12/14 Should Richer Countries Help Poorer Countries? Some people live in a country where every minute of everyday they are hungry‚ under clothed‚ and at risk for death because they are poor. Other people wake up and their biggest problem is which shirt to wear with which jeans. Both are scenarios that occur on a daily basis in our countries‚ some more extreme than others. With that in mind a question of whether or not rich nations have an obligation to help those nations
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Oxford University Graham Lecture‚ 2008 Why are some countries rich and others poor? Since 1500‚ incomes have risen in most of the world‚ however: • Incomes have risen fastest in the countries that were richer in 1500 • Consequently‚ world inequality is much greater today than in 1500 • In 1500‚ average income in the UK was only 30% higher than in India • Today‚ the average UK income is ten times that in India. The graph shows when the West got rich. 25000 GDP per head 1990 US$’s 20000
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Today’s world is divided into developed and developing countries. The developed countries are those that have achieved the process of development and developing countries are those which are in the process of development. Often‚ it happens so that developing nations do not have enough money in order to develop themselves. The money they would require could be for any major developmental project in that country. These developing countries ask for international aid in order to facilitate the implementation
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