Why Some Countries Are Poor And Others Are Rich? Differences in the economic growth rate of nations often come down to differences in inputs (factors of production) and differences in TFP—the productivity of labor and capital resources. Higher productivity promotes faster economic growth, and faster growth allows a nation to escape poverty. Why are some
Why Some Countries Are Rich And Others Are Poor? Differences in the economic growth rate of nations often come down to differences in inputs (factors of production) and differences in TFP—the productivity of labor and capital resources. Higher productivity promotes faster economic growth, and faster growth allows a nation to escape poverty. Why are some
How Does Globalization Affect Developed Countries? Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets. How does globalization affect developing countries? Globalization helps
Should Wealthy Nations Be Required To Share Their Wealth Or Help Poorer Nations? Sharing wealth with poorer nations is not only a good deed but is also a task . … So, sharing wealth is an useful way to prevent people from that bad future. Thirdly, although sharing wealth with poorer nations is very necessary
Why Some Countries Are Poor And Why Some Are Rich? Differences in the economic growth rate of nations often come down to differences in inputs (factors of production) and differences in TFP—the productivity of labor and capital resources. Higher productivity promotes faster economic growth, and faster growth allows a nation to escape poverty. What determines
Do The Rich Have An Obligation To Help The Poor? Aiding poor nations may be praiseworthy, but not obligatory. Many maintain that the citizens of rich nations have a moral obligation to aid poor nations. What responsibility if any should the rich have in providing for the poor? A rich person’s moral duty, in Carnegie’s