ipl-logo

Three Major Factors Affecting A Country's Wealth

787 Words4 Pages
bulb-icon

Recommended: Poverty effects to social problems

Why do some countries prosper while others stagnate? Why does almost half the world live on $2.50 a day? Why are most of the world’s nations living in poverty? In our modern world, the three main factors that determine a country’s wealth are institution, culture and geography. Rich countries have very good institutions while poor countries have extremely devastating ones. This is due to the fact that there is a direct correlation between poverty and corruption. Studies prove that the wealthiest countries in the world are invariably the least corrupt ones and the poorest countries are the most corrupt. There are often political factors based behind this and one of them is a bad government. Governments need to do many things in order to encourage development. One of …show more content…

One generalisation someone can make about poverty and culture it’s that the less people believe the higher their chances of being rich are. Studies show that 19 of the richest countries in the world have 70% of their population considering that religion is not important to them. Conversely, the poorest nations in the world are extremely believing ones with over 96% of the population supporting religious beliefs. So, why is culture such a determining factor for a country’s poverty? First of all, religiosity is often related to the fact that the current conditions of this world cannot be improved so people should become spiritual and look forward to the next world. In the rich world however, people are usually believers in work ethic and talent and that is why these countries are developing much faster than others. On the other hand, USA is an anomaly because its population consists of 70% religious people but is one of the wealthiest and most developed countries in the world with a GDP of $17 million/year. The God that Americans believe in doesn’t want the country to prosper in the other world, but in this world right

Show More
Related
710 Words | 3 Pages

For example, the corrupted people can enjoy a better life but other is still get trouble on how to live a good life. The most dangerous effect of corruption is when judiciary is corrupted. Development, justice and civil society are based on law and justice, but in developing countries corrupted people uses law to justify their illegal behaviors. Otherwise, there are many cases that government officials cooperate with mafia in other developing countries.

Read More
781 Words | 4 Pages

Having religion keeping them strong and moving forward, while others will blame God and remove themselves from their religion as they feel that God could easily fix such a

Read More
475 Words | 2 Pages

If you are born into a family of wealth you will also be wealthy. If you are born in a family that is poor, you will also be poor. No matter how hard you work, there is a very little chance that you will ever leave your group or class, unlike the United States. If you are born into a poor family in the United States, there is still a chance that you could become wealthy and powerful if you work hard enough. Hinduism also uses the Caste system to set groups within the religion.

Read More
766 Words | 4 Pages

Founding of North American British Colonies The History of North American Colonies began with the Native Americans rather then with Christopher Columbus, even though current History says America was discovered by Columbus. He named it the New World. The Europeans grouped the Native Americans as "one people" even though they did not see themselves as such. That is because they were filled with a linguistic diverse group of individuals.

Read More
1390 Words | 6 Pages

We are the ones that have decided that hierarchy cannot be separated from the worth that we have in this world. In the eyes of God we are all created equal from the person sleeping on the side of the street to the person in their mansion. Jesus said in Mark 10:25 “It is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.” It is not bad to have money and for there to be different economical classes, what is important is how others are treated outside of our

Read More
612 Words | 3 Pages

War stories can be very challenging stories to write, and most war stories are just replicas of other war stories in which it is all action, it is what we already know about war. A true war story should touch upon the soldiers and the lives and battles within themselves, not just the fighting out in the field. O’Brien defines what a real war story is and how it should be written in the story “How to Tell a War Story.” O’Brien believes that a true war story lies within the reality of the situation. In other words, O’Brien believes that war stories should be about the truth of it, the hardships and daily battles with their partners and with their psychological challenges.

Read More
1550 Words | 7 Pages

Like most things that are society based, religion has evolved alongside our own culture. America is a melting pot of different ethnic backgrounds and cultures making it a perfect place for religion to adapt and flourish. For this analysis, I am drawing from “Civil Religion in America” by Robert N. Bellah (1967) on his ideas of American civil religion. In the text Bellah (1967) argues that civil religion is an important dimension that needs to be recognized in sociology. While Bellah focuses specifically on the United States of America, he still gives a valuable perspective on civil religion and how it plays a part in religion as a whole.

Read More
628 Words | 3 Pages

There are many causes for poverty in America. According to Pusuegod.org, the common causes of poverty are “poor economy, drug use and lack of education”. In addition, debts and medical expenses. Having a poor economy can ruin people’s life because people depend on the economy. When the economy goes down people have limited resources and may have to ration out their food and money.

Read More
575 Words | 3 Pages

Abstract The economy is very skewered and is not equal in any meaning. The poor stay poor and the rich stay rich. The poor die off faster and the rich live longer. The poor get little to no education and the rich get the best education possible.

Read More
267 Words | 2 Pages

Wealth is a fortune you not acquire yourself but instead the money works for you. Many people start companies, make it big, then sell their business for a fortune. With this new fortune many high class people invest and save their money for generations. In Class in America it sates that, "The wealthiest 1 percent of the American population holds 34 percent of the total nation wealth" ( pg 179). The upper class people with billions of dollars and most of the countries money are called the one percent.

Read More
248 Words | 1 Pages

John Bodley’s article, “Price of Progress”, argues that America and other developed countries worry about economic development less than developing countries. The economies in developed countries believe that every culture should be full of progress. Progress in economies is defined by how high your income is, how high your standard of living is, greater security and how good your health is. The most common used measure of progress is one’s standard of living. The lowest class of people is the tribal people who have different cultures and lifestyles and they find ways to survive on their own.

Read More
1010 Words | 5 Pages

The main factor of wealth that causes trouble is the inability to create a better life. Most want success

Read More
1459 Words | 6 Pages

In David S. Landes book, The Wealth and Poverty of Nations, he decides to take a historical approach on the reasons behind why some people remain poor and how others are so rich by trying to comprehend the reasons that lead to advances in economies and modernization in certain regions around the world over the past few decades. In other words by asking how we have come to where we are today in the sense of making, getting and spending. Throughout the book, Landes talks about how we live in a world filled with inequality and diversity therefore leading to classifying those who are poor and unable to afford medical health care living in the North and the wealthy in the South. David S. Landes aim was to basically make people aware of how it is actually geography that is responsible for this division between countries that have caused a lot of hardship for the unprivileged people by making it impossible for them to improve economically as a result of their geographical location on the map.

Read More
1815 Words | 8 Pages

And assets being the stuff that you own: your car, your house and your cash money is also an asset. It is the job of the government, leaders and citizens to ensure that the wealth and income is distributed equally among the population. However, when this fails due to corruption, discrimination among other causes the country is unable to move forward economically, further leading to poverty and civil unrest and other consequences. Surprisingly, statistics show that wealth inequality is not limited to only developing countries, but also some of the most developed countries. America, Israel and Greece are one of the countries with the worst income inequality.

Read More
1299 Words | 6 Pages

This was an increase of 10% from the survey conducted by 2007/2008 and was due to economic problems including jobs, rising prices and public debt. Corruption and tax evasion by government officials are rampant crimes committed in developing countries than developed countries. Surveys conducted by Transparency International proved that more than 50% of the people in third world countries have been tempted to bribe tax officials mainly because of inequality. This will then engender the inclined risk of people living in poor countries to commit such

Read More

More about Three Major Factors Affecting A Country's Wealth

Related Topics

Open Document