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The wealth of nations - Essay Example

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I chose this article because it gives me some answers into the causes of why this disparity exists even in the 21st century. I also chose this article because it looks forward into the future giving answers as to what can…
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The wealth of nations
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The wealth of nations

The purpose of this article is to suggest certain solutions to do those countries so they can apply those principles and try to help themselves rise above the line of poverty.
The language used is very simple and easy to understand which makes it a very popular article among the common masses. On the other hand it is not a fiction story it is a well-researched article with reference given at the end. The audience is certainly anyone who is interested in knowing about the economics of the developing countries. It will not be exaggeration that the policymakers of developing countries can also be and take guidance from this article.
Relying only on a few products to sustain the whole economy of the country is a bad idea. The developed countries of the world have a huge range of products or services to offer the world on the contrary toward countries have either coffee or cocoa beans which is a very bad idea to rely solely on a few products to run the whole country.
It is an unconventional introduction in the sense that it does not start with painting a rigid context for the article. The first paragraph is part of the 25 sections of the article that I did address the issue or provide solutions. Hence the introduction addresses the problem so that the reader understands what he can expect from the article. The thesis statement is also given in a very simple way that makes people understand complexly, concepts in digestible phrases.
5) “Traditionally, economists have tried to link a countrys commercial expansion to ‘factors of production’, such as a viable transportation infrastructure or the availability of skilled and unskilled labor explained Ricardo Hausmann and economist at Harvard University.” (p. 149)
15) “The rich countries of the industrialized world tend to have broad portfolios of industries, and accordingly occupy large areas of the product ... Read More
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