Example Of Development Essay
Type of paper: Essay
Topic: Economics, Development, Economy, Future, Countries, Wellness, Crime, Corruption
Pages: 1
Words: 275
Published: 2021/02/07
Jeffrey Sachs and Tyler Cowen present a conversation in which they are discussing the future of economic development. According to Cowen, Jeff’s cited work reveal that natural resources play a great role towards economic development. Jeff supports this idea by relating natural resources relates to wealth and purports that countries with oil resources have rich economy. They concur that the countries rich in resources will continue to grow and develop in economy while those with poor economy will face slow growth and development in economy. For instance, a nation like Canada rich in resources will have its economy developing in the future as compared to Venezuela that does not have many resources.
Cowen believes that there are various factors that influence the growth and development of economies in the future. Some of these factors include resources, politics and financial institutions among many others. Furthermore, according to Jeff, it is true that economic development is subject to two fundamental factors namely innovation and catching up. Innovation is driver to future economic development. On the other hand, catching up is another driver that is playing a great role towards the future development of the economy. This is to mean that those countries that are catching up very fast with respect to the changing environmental factors such as technology will experience a development in economy. For instance, China economy is rapidly growing and this is due to the countries response to changes in the world environment of business.
Although Cowen believes that corruption is a fundamental factor affecting the future economic development, Jeff clearly brings an understanding that corruption may or may not affect the future economic development. For instance, U.S.A and China are having been subject to corruption and yet the economies are growing and developing with time. Catching up to the changing economic environment remains the most fundamental factor towards the growth and development of world economies in the future.
- APA
- MLA
- Harvard
- Vancouver
- Chicago
- ASA
- IEEE
- AMA
Please remember that this paper is open-access and other students can use it too.
If you need an original paper created exclusively for you, hire one of our brilliant writers!
- Paper Writer
- Write My Paper For Me
- Paper Writing Help
- Buy A Research Paper
- Cheap Research Papers For Sale
- Pay For A Research Paper
- College Essay Writing Services
- College Essays For Sale
- Write My College Essay
- Pay For An Essay
- Research Paper Editor
- Do My Homework For Me
- Buy College Essays
- Do My Essay For Me
- Write My Essay For Me
- Cheap Essay Writer
- Argumentative Essay Writer
- Buy An Essay
- Essay Writing Help
- College Essay Writing Help
- Custom Essay Writing
- Case Study Writing Services
- Case Study Writing Help
- Essay Writing Service
- Economics Essays
- Development Essays
- Economy Essays
- Future Essays
- Countries Essays
- Wellness Essays
- Crime Essays
- Corruption Essays
- Social Issues Essays
- Growth Essays
- Instance Essays
- Innovation Essays
- China Essays
- Nature Essays
- Environment Essays
- Driving Essays
- World Essays
- Factor Essays
- Role Essays
- Developing Essays