Thomas Sowell argues that the wealth of a nation is determined by the skills and the employment of skills in a disciplined and frugal way. He refutes the arguments that attribute poverty to colonialism, imperialism, and exploitation by pointing out that those parts of the third world that have been colonized are the most prosperous ones, while those that have not been colonized are the poorest. He also argues that the operation of multinational corporations in developing countries is a source of the transmission of international human capital and helps to generate wealth.
What are the two main arguments against the idea that poverty is caused by colonialism and imperialism?
What does Dr. Thomas Sowell say about the idea that the parts of the third world that have been colonized are the poorest?
What does Dr. Sowell say about the idea that the operation of multinational corporations in developing countries is a hindrance to the generation of wealth?
What are two examples of advantages that western Europe had over eastern Europe that contributed to the development of wealth in western Europe?
What are some of the other things that moved from west to east in Europe?
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