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SpinDistribute.com Article Directory

The following article was published in our article directory on November 17, 2010.
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Three Elements Lay United States Wealth Basis

Article Category: Business

Author Name: Amanda xzh

Although the economic difficulties encountered and the dark about prospects, but the U.S. remains the world's richest countries. Wealth to strengthen the U.S. "special state" self-awareness, it also made the U.S. such as optimism, degree of business savvy, professional ethics and a series of economic variables than the other economies, is far more impressive. But the U.S. Why is it so rich?

Per capita GDP in the top five countries, four countries are common law countries, ranking first in Norway has a very wealth of oil resources, otherwise it would be higher, according to the list. In addition to Norway, the top four countries are outside the country of immigrants, founder effect is obvious.

In addition, a large number of scientists are less certain dividend inflows, mostly in Germany to the United States during World War II and the Jewish scientists are gone, but their role in promoting the United States today still make an impact. The United States as the center of the scientific world, and there is no fundamental reason, but because for many scientists, it was the only safe place.

Difficult to answer why the United States so rich because there are too many elements. Early last century, the United States through the development of high-yield resources and capital-intensive industries, provide a large market of goods, so that it received a substantial increase in labor productivity. Divided, there are class conflicts of the European continent has the technology to emulate the United States, even though the ultimate use of these methods appeared in the European continent a rapid growth period, but the catch-up process is still not over, Europe and the United States there are still significant gap.

Europe and the United States if only the international metropolis like compared to the number of human capital and hours of work into statistics, it seems the difference between the two is not significant. But in fact, the biggest difference between the size of the market, that is, a unified regional market level. The first five countries with the highest GDP per capita are to benefit from the common law, they are all English speaking countries. And cultural barriers in a country still play a role in the world, the wealth of the United States may be unique from that it is a fact that unified the country to benefit. Common rules, culture, language, etc. to promote a higher level of trade and mobility. In contrast, Europe is still within the national and cultural barriers exist, limiting the overall economic potential of Europe to play.

Immigration and the importance of talents in various regions of the world's economic development is uneven, to the innovative talent like gathering areas. The United States through a lot of money into creating a vision and foresight, such as Silicon Valley, Boston, New York's world-class talent such centers. Relatively open immigration rules, to include the persecution of Jews, including providing safe haven for war refugees commitment to help build these knowledge centers. When people put innovation and encourage new ideas and new ideas can relatively easily converted into a system linked to economic success, there may be rapid and sustainable economic growth.

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