Developed Essays

Economic Globalization Makes Rich Get Richer, Poor Get Poorer

Economic globalization is the unifying of all the economic systems and markets worldwide. The world obviously is nowhere near true globalization, but countries are making huge strides towards it. There is a premise that globalization makes rich countries richer and poor countries poorer. However, I do not agree with this. Firstly, it is true that the rich may very well get richer by globalization. It opens up new investment opportunities and new growth and if they are wise they can…

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How Rich Countries Got Rich and why Poor Countries Stay Poor

How Rich Countries Got Rich and Why Poor Countries Stay Poor By Erik S. Reinert The book How Rich Countries Got Rich and Why Poor Countries Stay Poor is written by Erik S. Reinert and it is published in 2007. Reinert is a 62-year-old Norwegian economist who specializes in development economics and economic history (Wikipedia). Reinert attended the University of St. Gallen in Switzerland (where he studied economics), Harvard University for MBA, and Cornell University for Ph.D.(Wikipedia). In addition to…

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Developed Nations

Developed nations such as Canada, Japan, Australia and America are emitting the most air pollutants in the world and contribute in much emission of green house gases in the atmosphere. Developed nations use much of the natural resources until a near depletion occurs. Hover there are exceptions in that Germany, Sweden and Norway governments have worked with environment and they have benefited economically due to their environment sustainability (Pickering & Owen, 213). Environmental degradation in the third world is exacerbated…

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Product Life Cycle Theory

One of the hypotheses that were existed in the world about the trading of goods and service is called the H-O; the theory said that the international trading would only happen inside countries that have different resources; Labor rich country will trade with capital rich country. However, the theory is not really working on the international trade, 60% of the trading volume in the world only happens with the developed country which rich of the same input which is capital….

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