StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The wealth and poverty of nations - Essay Example

Cite this document
Summary
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…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
The wealth and poverty of nations
Read Text Preview

Extract of sample "The wealth and poverty of nations"

David Landes has studied the history of economic development and focused on the causes of the divergent destinies and relative prosperity levels ofdifferent 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. Landes’ economic history is overpoweringly Eurocentric. But he does not think that all history is Eurocentric. He also recognized other eras such as Islamocentric which is the rise and spread of Islam.

According to Landes, to understand the wealth and poverty of nations today we must be Eurocentric. 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. If the climate is of great importance, then those countries such as those in Asia, should belong to the most industrialized and developed countries, but it is not the case.

According to Landes, Chinese had a clear half-millenium as the world’s leader in technological innovation from 500 to 1000 (DeLongtes, 1998). After that, the innovation in China started to boom. However, when China’s pre-industrial population quadrupled, the booming Chinese technological lead turned into a significant technological deficit. Thus the problem in population of the developing country contributed to the shortfall of the Chinese development. China’s power today is increasing.

They have developed at a faster pace this time. But they still have a really big issue about their population. I believe that Landes’ claim about China can still be maintained today. China’s population today constitutes more than 1/5 of that of the world’s population (http://afe.easia.columbia.edu, Issues and Trends in China's Demographic History). Thus, for every 5 persons, 1 of them lives in China. If this population growth problem will not be addressed, China will be more likely to experience the same issues like what Landes had written.

The increasing development of China today may not be enough to support its population in the future considering the pace of the growth. Landes concluded that “the one lesson that emerges is the need to keep trying. No miracles. No perfection. No millennium. No apocalypse. We must cultivate a skeptical faith, avoid dogma, listen and watch well." If I were to rewrite the end of this book, I would write it like Landes did, that we should always keep trying but I wouldn’t avoid having faith. I believe that in the end, we really have to work hard to achieve our goals.

We cannot just lift up everything to our beliefs. A lot of our countries today are experiencing great economic problems, thus we should not stop believing, and we should ourselves make a way to attain what we dream of. Our government should always make sure that they will never stop doing their best to uplift our economy. This will help us improve in the future. We should try until we can get what we aimed for and if the faith is the only way that keeps us trying, then we should keep it as well.

References: DeLong, J. Bradford. Review of David S. Landes, The Wealth and Poverty of Nations: Why Are Some So Rich and Others So Poor?, (1998). Web. 23 April 2011 “Issues and Trends in China's Demographic History.” http://afe.easia.columbia.edu. (2009). Web. 23 April 2011

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The wealth and poverty of nations Essay Example | Topics and Well Written Essays - 500 words - 1”, n.d.)
Retrieved from https://studentshare.org/other/1418403-the-wealth-and-poverty-of-nations
(The Wealth and Poverty of Nations Essay Example | Topics and Well Written Essays - 500 Words - 1)
https://studentshare.org/other/1418403-the-wealth-and-poverty-of-nations.
“The Wealth and Poverty of Nations Essay Example | Topics and Well Written Essays - 500 Words - 1”, n.d. https://studentshare.org/other/1418403-the-wealth-and-poverty-of-nations.
  • Cited: 0 times

CHECK THESE SAMPLES OF The wealth and poverty of nations

What Was the Most Important Reason for the Growth of Western Economic and Political Power after 1750

The economic development and political governance after 1750 led to swift development changes in the many parts of Western Europe.... The main cause associated with these rapid economic and political changes was associated with the industrial revolution.... hellip; What Was The Most Important Reason For The Growth Of Western Economic And Political Power After C....
7 Pages (1750 words) Assignment

Are Nations made by Human Effort or Nature

rdquo; the author will be evaluating the process of formation of nations around the globe and different factors shaping the formation of various nations in order to give a clearer picture of the nation developmental mechanism.... Yet, the same study added that nationalism theory is an incomplete document because, it has failed to acknowledge key elements, which are deemed necessary for effective formation of nations.... In the paper “Are nations made by Human Effort or Nature?...
5 Pages (1250 words) Essay

Industrial Revolution: Factors Contributed towards Western Europe

Why the other nations did not initially join this revolution is based on multiple factors.... This essay tries to look into the different factors that contributed towards Western Europe to industrialize first, in comparison to the rest of the world.... The author states that the industrial revolution was driven not only by technology but also by profound social changes....
12 Pages (3000 words) Term Paper

The End of Poverty by Jeffrey Sachs

Sachs is a valid source on this issue, as he has worked as an economist for various institutions and countries and is even a special advisor to the United nations on global poverty.... It also makes these regions unviable for tourism, which is the main source of income for many wealthy nations.... This paper "The End of poverty by Jeffrey Sachs" discusses the book The End of poverty, by Jeffrey Sachs, which makes a number of arguments about how to alleviate poverty in the world....
9 Pages (2250 words) Book Report/Review

Relationship between natural environment, social development, and economic progress

Over the years, various studies have shown that there is significant and nearly inseparable relationship between natural environment, social development, and economic progress.... Despite the evident relationship across the world, there is evidence of notable inequalities among… The existence of direct relationship between the aforementioned aspects and presence of inequalities has made scholars particularly the historians to find the factors that underpin this phenomenon....
4 Pages (1000 words) Essay

Writting assessmet

(1998) The wealth and poverty of nations: Why Some Are So Rich and Some So Poor.... He was against the concept of family life that was being developed by the bourgeoisie family whose priority had shifted to wealth from love.... They both remain at conflict with each other because of their economic disparity as the Bourgeoisie Class is associated with wealth, politics and social power while Proletariat's only source of power is their ability to work....
1 Pages (250 words) Essay

Western Europe Was First to Industrialize because of Luck

Why the other nations did not initially join this revolution is based on multiple factors.... "Western Europe Was First to Industrialize because of Luck" paper looks into the different factors that contributed towards Western Europe to industrialize first, in comparison to the rest of the world....
12 Pages (3000 words) Coursework

US Debt Limit and Effect of Oil on the Global Market

… Question 7 and Question 7Question 4To what extent do experiences with globalization show that markets are ultimately at the mercy of states in international relations?... lobalization had opened domestic markets to the global markets, leading to the Question 7 and Question 7Question 4To what extent do experiences with globalization show that markets are ultimately at the mercy of states in international relations?...
6 Pages (1500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us