Show Summary Details

p. 313. Why are some countries rich and others poor?locked

  • Ian Goldin

Abstract

‘Why are some countries rich and others poor?’ considers various theories of economic growth, including Robert Solow’s widely used 1956 model, and charts the uneven development of countries around the world from the late nineteenth century, through the twentieth century, and into the twenty-first century. Some countries, such as Japan and South Korea, have seen miraculous economic growth, whereas countries such as Argentina and Uruguay have not experienced expected levels of growth. The factors that affect development trajectories include natural resource endowments, geography, history, institutions, politics, and power. While overall levels of poverty have declined, levels of inequality are rising in almost all countries.

Access to the complete content on Very Short Introductions online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can't find the answer there, please contact us.