Economic Discussion Essay

1) Do you think market economy plays a role in the development of a nation? Obviously explain your role and HOW it will or would not make such contribution. Market economy and development of a nation get hand in hand. You can't have one without the other. Have a look at any nation from the Us to Nigeria. Each country's development depends on their marketplace economy. In that case take a look further more into just how wealth in distributed within a nation. This further explains those that have prosperity live by a higher standard of living. There would be no explanation to drink muddy, unsanitize water if there was clearly money getting into the country. Education also leads to00 the development of a nation. You have to know better to learn better. Lack of cash hinders education. My mom did not finish high school since she was required to contribute to the household. This in that case becomes a group of devastation.

2) The Internet has penetrated aspects worth considering of organization and traditions in created countries, however it is scarcely available in a large number of poor countries. Do you think this technology is going to widen the economic development gap between rich and poor countries? Why or why not? Is there a way for producing countries to work with such technologies as equipment for economical development? (From Talk It out, page 134) Technology is going to widen the economic difference between the abundant and poor countries. There is certainly an investment in infrastructure that's needed is to use technology. There are costs involved with dietary fiber optic lines, satellite, personal computers, cell phone, and so forth Those countries that have the money to invest in technology are the only countries in the game. If a created foreign nation see the, or a useful resource that can be used they are going to sometimes commit for the huge benefits. If an undeveloped country doesn't have any methods that can be leveraged there is no wish for them. An undeveloped nation is at a massive disadvantage if they do not have the tools to participate. I realize the gap widening. If a...