Also trade creates a wider market for a countrys good or service This article

Also trade creates a wider market for a countrys good

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resulting in a higher rate of economic growth”. Also, trade creates a wider market for a country’s good or service. This article definitely had strengths with the author providing examples of facts that have been happening across the globe. Wolla compared North and South Korea on their same common history and culture but when the nations divided they had different governments. Wolla shows that since North Korea has strictly repressed institutions it is one of the poorest nations in the world. However, South Korea provides strong institutions and they are among one of the richest countries. This article ties into gross domestic product and also how countries can better develop themselves for the future. This article explains the ways into which a country can raise their GDP and become more productive from what we have been learning in the chapters. The article did not seem to appear biased since the author was providing straight facts to prove his points, which I do agree with. For a country to become richer it most increase its productivity and 2 factors that can help achieve that goal is trade and institutions. Article: - and-others-poor/
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  • Fall '08
  • Poverty, gross domestic product, Wolla

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