Tuesday, March 27, 2012

Global Economical Success of a Country

In the article, six different sections are presents about civilized countries through a global perspective. The main themes and concepts are depicted as follows: racial tensions and the country’s standard of living. In today’s society, racial tensions are high because people are different due to class status and education. The article mentioned about why people are uneasy about racial tensions and how that affects people’s history. Everybody has their own individual history that strike attention to each other of the similarities and differences of one’s country. A country’s standard of living determined how well the economy functions within the country, like GDP and the ability to produce goods and services for a population. The amount of resources one's country determined the how well the society is. 
The determinants of a society’s success are based on technology, income, country’s history, resources, economical, political, and legal frameworks, and population. Each of these assets determines the success level to determine why some countries are rich or poor. Also, by the amount of available goods and services the country can provide its members.
These ideas can be applied to today’s global economy because each country has its own uniqueness that is portrayed in country’s history, culture, and background. In order for the countries to achieve needs to have abundant amount of goods, technology, and resources for the society to be considered better off.

No comments:

Post a Comment