September 2007
Intermediate to advanced
544 pages
18h 48m
English
Content preview from The Origin of Wealth
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CHAPTER TWELVE
Social Technology
FROM HUNTER-GATHERERS TO MULTINATIONALS
IN 2002, WILLIAM EASTERLY of the Institute for International Economics and Ross Levine of the University of Minnesota conducted a detailed study of seventy-two rich and poor countries and asked, “What makes one country richer than another?”1 One might assume that the major determinants of national wealth include factors such as the existence of natural resources, the competence of government policies, and the relative sophistication of a country’s Physical Technologies. Easterly and Levine found that while these factors all mattered to a degree, the most significant factor ...
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