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An Inquiry into Development: The Big Picture and Possible Explanations

Author

Listed:
  • Preda Dragoş Cosmin Lucian, Şancariuc Delia-Raluca

    (Academia de Studii Economice din Bucureşti, Academia de Studii Economice din Bucureşti)

Abstract

The richest country in the world is, currently, 150 times richer than the poorest one. While a European citizen spends an average of €40 to €70 per day for food, half of the global population lives on less than $7 a day per capita. In Europe and the US, people go to school, on average, for almost twice as many years as people in Africa. Progress over the past centuries has been strongly uneven among world’s nations.

Suggested Citation

  • Preda Dragoş Cosmin Lucian, Şancariuc Delia-Raluca, 2023. "An Inquiry into Development: The Big Picture and Possible Explanations," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 02, June.
    • Handle: RePEc:oen:econom:y:2023:i:02:id:631
    as

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    More about this item

    Keywords

    development; economic growth; poverty; standard of living; institutions;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P47 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Performance and Prospects

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