Three major elements lay the foundation of American Wealth
Source: Internet
Author: User
KeywordsWealth elements
BEIJING, November 16 (BCC) The United States is still the richest country in the world, despite economic difficulties and dark talk about the future. Wealth strengthens America's "special-country" self-awareness, which also gives the US better performance than other economies in a range of economic variables such as optimism, business acumen, and ethics. But why is America so rich? The Economist's website wrote in a recent article explaining that the three major elements of common law, massive immigration and the influx of scientists during the Second World War laid the foundation for American Wealth. According to the article, in the top five of GDP per capita, four countries are common law countries, the first wealth of Norway has a very oil resources, otherwise it is impossible to top. With the exception of Norway, where the top four countries are immigrant countries, the founders ' effect is obvious. In addition, the huge influx of scientists to the dividend must be shrinking, most of the World War II to the United States, German and Jewish scientists are dying, but their role in the United States is still in effect today. There is no fundamental reason why America has become the center of the World of science, but because for many scientists it was the only safe place in the world. It is hard to answer why America is so rich because there are so many elements. In the early part of the last century, the United States, through the development of resources and capital-intensive High-yield industries, provided large-scale market commodities, so that its labor productivity has been greatly improved. The fragmented, class-class European continent has tried to imitate American technology, and although the adoption of these methods has led to a rapid growth period in the continent, the catch-up process is still not over and there is still a big gap between Europe and the United States. The article argues that if the comparison between Europe and the United States of a similar international metropolis, the human capital and work hours in the statistics, then the two look very different. But in fact, the biggest gap between the two is the size of the market, that is, the degree of regional market unity. The top five countries with the highest per capita GDP benefit from the common law, which is also English-speaking countries. In a world where national and cultural barriers still play a role, America's wealth may benefit from the fact that it is a unique unifying power. Common rules, culture, language, etc. promote higher levels of trade and liquidity. In contrast, there are still national and cultural barriers within Europe that limit the overall economic potential of the continent. The Economist also talked about the importance of immigration and talent, because of the uneven economic development in various parts of the world, people like to gather in innovative areas. The United States has built up world-class talent centers such as Silicon Valley, Boston and New York through a lot of capital investment and foresight. The relatively open immigration rules, the commitment to provide safe havens for war refugees, including persecuted Jews, helped build these knowledge centres. When people associate innovation with the system of encouraging new ideas and the relatively easy transformation of new ideas into economic outcomes, they are likely to be quickly and effectivelyContinued economic growth. (correspondent)
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