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The wealth and poverty of nations - Essay Example

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David Landes has studied the history of economic development and focused on the causes of the divergent destinies and relative prosperity levels of different national economies (DeLong, 1998). Landes was interested in both the wealth and poverty of nations giving importance to the roots of relative and absolute economic failure and success…
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The wealth and poverty of nations

Download file to see previous pages... Other people in the world should try to understand how the expansionists Europeans have grown very rich. He also stated that relative poverty today is the result of failure on the part of political, religious and mercantile elites to pass the tests of maintaining and regaining independence from and assimilating the technologies demonstrated by the people from Europe (DeLong, 1998). Landes demonstrated that Europe was the center and basis of economic development. He also pointed out that the reason why Eurasian civilizations had an edge in technological advancement over non-Eurasian is the climate. According to Landes, it is impossible for human beings to live in any numbers in “temperate” climates before the invention of fire, housing, tanning, but that once the technological capability to live where it snows has been gained, the "temperate" climates allowed a higher material standard of living (DeLong, 1998). I am not really convinced about this argument that Landes had presented. Though, I can say that climate can be one of the factors affecting the developments of an economy, it need not be of great impact as what Landes had pointed out. In our world today, a lot of counties gifted with rich natural resources and great climate are suffering from great economic issues and belonged to the less developed countries. ...Download file to see next pagesRead More
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