By David S. Landes
ISBN-10: 0393040178
ISBN-13: 9780393040173
A towering paintings of historical past reading the world's such a lot urgent problem--the starting to be gulf among wealthy and negative. For the final 600 years, the world's wealthiest international locations were as a rule eu. overdue in our century, the stability has began to shift towards Asia, the place international locations resembling Japan have grown at surprising charges. Why have those dominant countries been blessed, and why are such a lot of others nonetheless mired in poverty? the reply lies during this vital and well timed publication, the place David Landes, taking his cue from Adam Smith's The Wealth of countries, tells the lengthy, interesting tale of wealth and gear during the international: the production of wealth, the trails of winners and losers, the increase and fall of countries. He reviews background as a approach, trying to know how the world's cultures lead to--or retard--economic and army good fortune and fabric success. international locations of the West, Landes asserts, prospered early throughout the interaction of a necessary, open society enthusiastic about paintings and data, which resulted in elevated productiveness, the construction of latest applied sciences, and the pursuit of switch. Today's new fiscal winners are following a lot an identical roads to energy, whereas the laggards have someway didn't reproduction this significant formulation for fulfillment. the major to relieving a lot of the world's poverty lies in figuring out the teachings historical past has to coach us--lessons uniquely imparted during this groundbreaking e-book.
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Additional info for The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor
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This accident: the shape taken by South America as tectonic continental plates parted and the Americas broke off from the African landmass, specifically, the great eastward bulge o f Brazil (roughly corresponding to the eastward bend in the Atlantic coast o f Africa). Brazil's salient splits the south equatorial current and sends roughly half of it north ward to join its northern counterpart, producing a huge warm-water mass that washes finally against the coasts of Ireland and Norway (see Map 1).
Geography had been tarred with a racist brush, and no one wanted to be contaminated. And yet, if by "racism" we mean the linking, whether for better or worse, of individual performance and behavior to membership in a group, especially a group defined by biology, no subject or discipline can be less racist than geography. Here we have a discipline that, con fining itself to the influence o f environment, talks about anything but group-generated characteristics. N o one can be praised or blamed for the temperature of the air, or the volume and timing of rainfall, or the lay of the land.
N o surprise, then, that pharmaceutical companies, which say it 14 15 16 12 T H E W E A L T H AND POVERTY OF NATIONS costs about $ 1 0 0 million to develop a drug or vaccine and bring it to market, are reluctant to cater for that kind of customer. Even in rich countries, the cost of medication can exceed patients' resources and the tolerance o f medical insurance. The latest therapies for A I D S , for ex ample, cost $ 1 0 , 0 0 0 to $ 1 5 , 0 0 0 a year for a lifetime—an unthinkable fortune for Third World victims.
The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor by David S. Landes
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