An Inquiry into Development: The Big Picture and Possible Explanations

Şancariuc Delia-Raluca Preda Dragoş Cosmin Lucian
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Şancariuc Delia-Raluca Preda Dragoş Cosmin Lucian: Academia de Studii Economice din Bucureşti, Academia de Studii Economice din Bucureşti

Revista OEconomica, 2023, issue 02

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.

Keywords: development; economic growth; poverty; standard of living; institutions (search for similar items in EconPapers)
JEL-codes: O43 O47 O57 P47 (search for similar items in EconPapers)
Date: 2023
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