2006-11-21 08:38:08 · 3 answers · asked by Rabi C 1 in Social Science ➔ Economics
Private Property Rights
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2006-11-21 08:45:27 · answer #1 · answered by Zak 5 · 0⤊ 0⤋
*Private Property Rights - The growth in China happened at the same time they allowed this
*Infrastructure (including an Agricultural base) - important, gotta move goods around.You have to feed people...
Zimbabwe used to export a lot of agricultural products, they used to be a rich nation (in africa that is) then the Government did its land reallocation policies, they destroyed white owned farms (they basically all were) now Zimbabwe cannot come close to feeding itself, their economy has failed..)
*Rule of law - pretty obvious (business law too)
*Most now share trade - makes economics stronger, and people better off.
*International relationships (tied to trade, but first world countries do not fight against each other - anymore...)
There are others of course.. i gave you some
2006-11-22 06:15:57 · answer #2 · answered by holdon 4 · 0⤊ 0⤋
They buy products cheap from the underdeveloped ones.
2006-11-21 17:04:09 · answer #3 · answered by Anonymous · 0⤊ 1⤋