The question of why some countries are rich and others poor is one that has been hotly contested by many economists and political scientists. There exists a plethora of theories on the issue which would take ages to account for individually. Thankfully, Acemoglu and Robinson (2012), in their book, Why Nations Fail, provides us with a comprehensive and succinct version of the major theories competing to sufficiently answer the question of concern. The theories concerning the wealth of some nations
KUZNETS’S INVERTED U HYPOTHESIS KUZNET (LIFE) Simon Kuznets was born in a Jewish family in Pinsk (located in Belarus) on the 30th of April, 1901. When his family shifted to Rivne, he attended a Realschule. Soon, due to the war conditions, his family relocated to Kharkiv where he attended the University of Kharkiv. He learnt various disciplines that included Economic sciences, History, Statistics and Mathematics. He was introduced to economic theory and Schumpeter’s works during this time. The rise
Ottoman system but are nonetheless an inherent part of Saudi management. The authors of the article hypothesize that such a paternalistic relationship may in fact make Saudis more receptive to supportive coaching than their US counterparts. The hypothesis presented by the authors of the article is threefold: Saudi managers will be more homogenous in their coaching behaviors than US
hypotheses on the relationship between social anxiety and online communication. The social compensation hypothesis assumes that it is mainly socially anxious adolescents who turn to online conversation. The reduced audiovisual cues of the Internet may help these adolescents overcome the inhibitions they typically experience in real-life interactions. The opposite hypothesis—the rich-get-richer hypothesis states that it is primarily socially competent adolescents who use the Internet for online communication