Many believe that money makes countries rich or poor, but that variable isn’t the only object that makes countries rich or poor. Even though money is involved in the decision of a rich or poor country, there are still a variety of different actions that happen in order to make countries rich or poor. A rich country is interesting because it is full of diversity or complexity. A poor country is worse than desired and can also be a low or inferior quality. These definitions allow for more of a vast consideration of rich or poor countries. A rich country is one that has lots of characteristics, and a poor country is one that focuses on one characteristic. Countries can be considered rich in quality. Some of these qualities are civilians that …show more content…
Money cannot buy happiness. When parents are asked how their money gets in the way of their family that was a payload. There was an endless amount of responses on how money does not always aid in a successful life. The families mentioned the way their children are treated by others. These children are labeled as rich kids or trust fund babies. This led to parents pondering on the subject of the love from other people. They question whether people really loved their children or just their children’s money. In life, money creates questions on whether people know if their successes were because of their own skills, knowledge or talent or was it because they have a lot of money (Novotney). This financial success creates an illusion of happiness. Eventually, the financially successful person will realize that they live their life a lie. The only time money buys happiness is if the money is used the right way. Money isn’t directly buying happiness, but the outcome of buying objects creates a better quality of life. Money isn’t always the most beneficial object, but it can help improve the quality of life. This is only because money runs the world, besides God, for now. In an interview, Karen Hudes stated that money is not reliable for the sustainability of life. Hudes graduated from Yale and worked for the World Ban k for 20 years. She was fired for “whistleblowing” on how money is a scam. Money …show more content…
Fagon, Ph.D., Patrick F.. "Why Religion Matters: The Impact of Religious Practice on Social Stability." The Heritage Foundation. N.p., 25 Jan. 1996. Web. 20 Apr. 2014. <http://www.heritage.org/research/reports/1996/01/bg1064nbsp-why-religion-matters>.
3. Gyatso, Tenzin. "Human Rights, Democracy and Freedom." His Holiness the 14th Dalai Lama. The Office of His Holiness the Dalai Lama, n.d. Web. 20 Apr. 2014. <http://www.dalailama.com/messages/world-peace/human-rights-democracy-and-freedom>.
4. Holden, John, John Kieffer, John Newbigin, and Shelagh Wright. "Cultural value: why money isn't everything and public support matters." theguardian. Guardian News and Media, 17 Feb. 2014. Web. 1 May 2014. <http://www.theguardian.com/culture-professionals-network/culture-professionals-blog/2014/feb/17/cultural-value-money-public-support>.
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Jared diamond reiterated, time and time again, that global inequity coincided with geography. Egypt, in comparison to France, had the natural disadvantage of being dealt with a desert climate, as opposed to France’s favorable cultivating climate. This allowed for France to naturally be more skilled in areas such as planting crops; having the adverse effect for Egypt. The lack of water also contributed to the inequality, as animals were able to thrive in environments that offered a surplus of water. Lastly, a more favorable geography in developed countries plays a major role as to why developing countries are not quite developed. Jared Diamond’s thesis thoroughly explains this as geography is reason for the unequal distribution of wealth in the world today.
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Reich, Robert B. “Why the Rich Are Getting Richer and the Poor, Poorer.” A World of Ideas:
As the old saying goes, money is power. As the statistics show, some people have an insane amount of money, yet their fellow countrymen have close to nothing. In a struggling economy, unfair distribution of wealth can create real problems and unimaginable hardships for some people. For example, millions of people pay $2 for a bottle of designer water, while millions more live on less than $2 a day. If this is to one day change, wealthy people must adopt a much more magnanimous conviction towards their money.
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Why do nations fail? This is a topic of popular debate with many economists and a question many scholars have struggled to find an answer to. Global poverty is an issue that economists Daron Acemoglu and James A. Robinson investigate and provide an alternative insight for in their book: ‘Why Nations Fail’. Acemoglu and Robinson investigate inequalities that exist across countries and why nations are an epitome of success and others, failure. They come up with an alternative explanation for why standards of living differ across countries, and why a gap exists between the rich and poor. The book introduces an example of two cities that are separated by a border: Nogales, Arizona and Nogales, Sonora. On the American side of the border, the income of the average household is $30,000, the population is relatively healthy, and the citizens live prosperously (Acemoglu & Robinson, 2012). On the opposite side of the border in Mexico, majority of the population do not own a high school degree, poor health conditions exist, poor infrastructure and unfortunately, high infant mortality rates (Acemoglu & Robinson 2012). How can situations on opposite borders be so different? The basis for Acemoglu and Robison’ s thesis for this phenomenon is that of institutions. They propose that that there is a strong correlation between economic and political institutions. That is, inclusive political institutions support inclusive economic institutions, and extractive political institutions support extractive economic institutions (Acemoglu & Robinson, 2012). Democratic institutions generally allow opportunities for the majority, leading to positive economic growth. Political institutions that look after a narrow elite is reinforced with stag...
Why nations Fail: The Origins of Power, Prosperity, and Poverty, is a captivating read for all college economic courses. Coauthored by Daron Acemoglu and James A. Robinson, they optimistically attempt to answer the tough question of why some nations are rich and others are poor through political economic theories. They lay it all out in the preface and first chapter. According to Acemoglu and Robinson, the everyday United States citizen obtains more wealth than the every day Mexican, sub-Saharan African, Ethiopian, Mali, Sierra Leonne and Peruvian citizen as well as some Asian countries. The authors strategically arranged each chapter in a way that the reader, whomever he or she is, could easily grasp the following concept. Extractive nations that have political leadership and financial inconsistencies within their institutions are the largest contributor to poverty and despair within most countries. It also states that countries with socioeconomic institutions that work ‘for the people and by the people’, or in other words, focus on the internal agenda of that
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 the needless suffering of many, and generally a lower level of living for all those caught in the trap. It is true that growth does create it own problems such as pollution and congestion, but these are acceptable compromises to reduce the level of poverty. The governments around the world have many policies to try and improve the workings of their economies. Governments will differ in the emphasis they give to particular objectives and the ways in which they try to achieve these. The circumstances around these change from time to time, focusing on certain objectives that need the most influence. Economic growth is an ongoing priority. Governments just have to make sure they manage what resources they have properly, in order to achieve this objective.
Why Nations Fail takes an in depth look into why some countries flourish and become rich powerful nations while other countries are left in or reduced to poverty. Throughout this book review I will discuss major arguments and theories used by the authors and how they directly impact international development, keeping in mind that nations are only as strong as their political and economical systems.
As Christmas time approaches, many Americans start to get excited about returning home to all of the familiar festivities. They imagine the smell of the Christmas tree mixed with the aroma of apple cider or think about all of the Christmas specials on television that they will watch. They can not wait to relax in front of the fireplace with their families and to open all of the Christmas gifts piled under the tree.
United Nations Development Program (UNDP). (2000). Human development report 2000. New York and Oxford: Oxford University Press.