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International Inequality
International inequality refers to inequality between countries, as compared to global inequality, which is inequality between people across countries. International inequality research has primarily been concentrated on the rise of international income inequality, but other aspects include educational and health inequality, as well as differences in medical access. Reducing inequality within and among countries is the 10th goal of the UN Sustainable Development Goals and ensuring that no one is left behind is central to achieving them. Inequality can be measured by metrics such as the Gini coefficient. According to the United Nations Human Development Report 2004, the gross domestic product (GDP) per capita in countries with high, medium and low human development (a classification based on the UN Human Development Index) was 24,806, 4,269 and 1,184 PPP$, respectively (PPP$ = purchasing power parity measured in United States dollars). Proposed explanations Differences ...
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Map Of Countries By GDP (PPP) Per Capita In 2025
A map is a symbolic depiction of interrelationships, commonly spatial, between things within a space. A map may be annotated with text and graphics. Like any graphic, a map may be fixed to paper or other durable media, or may be displayed on a transitory medium such as a computer screen. Some maps change interactively. Although maps are commonly used to depict geography, geographic elements, they may represent any space, real or fictional. The subject being mapped may be two-dimensional such as Earth's surface, three-dimensional such as Earth's interior, or from an abstract space of any dimension. Maps of geographic territory have a very long tradition and have existed from ancient times. The word "map" comes from the , wherein ''mappa'' meant 'napkin' or 'cloth' and ''mundi'' 'of the world'. Thus, "map" became a shortened term referring to a flat representation of Earth's surface. History Maps have been one of the most important human inventions for millennia, allowin ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social poli ...
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Jared Diamond
Jared Mason Diamond (born September 10, 1937) is an American scientist, historian, and author. In 1985 he received a MacArthur Genius Grant, and he has written hundreds of scientific and popular articles and books. His best known is '' Guns, Germs, and Steel'' (1997), which received multiple awards including the 1998 Pulitzer Prize for general nonfiction. In 2005, Diamond was ranked ninth on a poll by '' Prospect'' and ''Foreign Policy'' of the world's top 100 public intellectuals. Originally trained in biochemistry and physiology, Diamond has published in many fields, including anthropology, ecology, geography, and evolutionary biology. In 1999, he received the National Medal of Science, an honor bestowed by the President of the United States and the National Science Foundation. He was a professor of geography at UCLA until his retirement in 2024. Early life and education Diamond was born on September 10, 1937 in Boston, Massachusetts. His parents were both Eastern Europ ...
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International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states, factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization. These organizations work towards the ...
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Geography
Geography (from Ancient Greek ; combining 'Earth' and 'write', literally 'Earth writing') is the study of the lands, features, inhabitants, and phenomena of Earth. Geography is an all-encompassing discipline that seeks an understanding of Earth and world, its human and natural complexities—not merely where objects are, but also how they have changed and come to be. While geography is specific to Earth, many concepts can be applied more broadly to other Astronomical object, celestial bodies in the field of planetary science. Geography has been called "a bridge between natural science and social science disciplines." Origins of many of the concepts in geography can be traced to Greek Eratosthenes of Cyrene, who may have coined the term "geographia" (). The first recorded use of the word Geography (Ptolemy), γεωγραφία was as the title of a book by Greek scholar Claudius Ptolemy (100 – 170 AD). This work created the so-called "Ptolemaic tradition" of geography, w ...
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Costa Rica
Costa Rica, officially the Republic of Costa Rica, is a country in Central America. It borders Nicaragua to the north, the Caribbean Sea to the northeast, Panama to the southeast, and the Pacific Ocean to the southwest, as well as Maritime boundary, maritime border with Ecuador to the south of Cocos Island. It has a population of around five million in a land area of nearly . An estimated people live in the capital and largest city, San José, Costa Rica, San José, with around two million people in the surrounding metropolitan area. The sovereign state is a Presidential system, presidential republic. It has a long-standing and stable Constitution of Costa Rica, constitutional democracy and a highly educated workforce. The country spends roughly 6.9% of its budget (2016) on education, compared to a global average of 4.4%. Its economy, once heavily dependent on agriculture, has diversified to include sectors such as finance, corporate services for foreign companies, pharmaceut ...
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El Salvador
El Salvador, officially the Republic of El Salvador, is a country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, and on the south by the Pacific Ocean. El Salvador's capital and largest city is San Salvador. The country's population in 2024 was estimated to be 6 million according to a government census. Among the Mesoamerican nations that historically controlled the region are the Maya peoples, Maya, and then the Cuzcatlan, Cuzcatlecs. Archaeological monuments also suggest an early Olmec presence around the first millennium BC. In the beginning of the 16th century, the Spanish conquest of El Salvador, Spanish Empire conquered the Central American territory, incorporating it into the Viceroyalty of New Spain ruled from Mexico City. However, the Viceroyalty of New Spain had little to no influence in the daily affairs of the isthmus, which was colonized in 1524. In 1609, the area was declared the Captaincy General of Guatemala by the ...
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Guatemala
Guatemala, officially the Republic of Guatemala, is a country in Central America. It is bordered to the north and west by Mexico, to the northeast by Belize, to the east by Honduras, and to the southeast by El Salvador. It is hydrologically bordered to the south by the Pacific Ocean and to the northeast by the Gulf of Honduras. The territory of modern Guatemala hosted the core of the Maya civilization, which extended across Mesoamerica; in the 16th century, most of this was Spanish conquest of Guatemala, conquered by the Spanish and claimed as part of the viceroyalty of New Spain. Guatemala attained independence from Spain and Mexico in 1821. From 1823 to 1841, it was part of the Federal Republic of Central America. For the latter half of the 19th century, Guatemala suffered instability and civil strife. From the early 20th century, it was ruled by a series of dictators backed by the United States. In 1944, authoritarian leader Jorge Ubico was overthrown by a pro-democratic m ...
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Central America
Central America is a subregion of North America. Its political boundaries are defined as bordering Mexico to the north, Colombia to the southeast, the Caribbean to the east, and the Pacific Ocean to the southwest. Central America is usually defined as consisting of seven countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. Within Central America is the Mesoamerican biodiversity hotspot, which extends from southern Mexico to southeastern Panama. Due to the presence of several active geologic faults and the Central America Volcanic Arc, there is a high amount of seismic activity in the region, such as volcanic eruptions and earthquakes, which has resulted in death, injury, and property damage. Most of Central America falls under the Isthmo-Colombian cultural area. Before the Spanish expedition of Christopher Columbus' voyages to the Americas, hundreds of indigenous peoples made their homes in the area. From the year 1502 onwards, Spain ...
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Path Dependence
Path dependence is a concept in the Social science, social sciences, referring to processes where past events or decisions constrain later events or decisions. It can be used to refer to outcomes at a single point in time or to long-run equilibria of a process. Path dependence has been used to describe institutions, Technical standard, technical standards, patterns of Economic development, economic or social development, organizational behavior, and more. In common usage, the phrase can imply two types of claims. The first is the broad concept that "history matters", often articulated to challenge explanations that pay insufficient attention to historical factors. This claim can be formulated simply as "the future development of an economic system is affected by the path it has traced out in the past" or "particular events in the past can have crucial effects in the future." The second is a more specific claim about how past events or decisions affect future events or decisions in ...
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History Of Colonialism
The phenomenon of colonization is one that stretches around the globe and across time. Ancient and medieval colonialism was practiced by various civilizations such as the Phoenicians, Babylonia, Babylonians, Persians, Greeks, Roman Empire, Romans, Han dynasty, Han Chinese, and Arabs. Colonialism in the modern sense began with the "Age of Discovery", led by the Kingdom of Portugal, Portuguese, who became increasingly Expansionism, expansionist following the Portuguese conquest of Ceuta, conquest of Ceuta in 1415, aiming to control navigation through the Strait of Gibraltar, spread Christianity, amass wealth and plunder, and suppress predation on Portuguese populations by Barbary pirates as part of a longstanding Slavery in Africa, African slave trade – at that point a minor trade, one the Portuguese would soon Slavery in Portugal, reverse and surpass. Around 1450, based on North African fishing boats, a lighter ship was Iberian ship development, 1400–1600, developed, the car ...
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Simon Johnson (economist)
Simon H. Johnson (born January 16, 1963) is a British-American economist who has served as the Ronald A. Kurtz Professor of Entrepreneurship at the MIT Sloan School of Management since 2004.https://mitsloan.mit.edu/shared/ods/documents?PersonID=41226&DocID=11324 He also served as a senior fellow at the Peterson Institute for International Economics from 2008 to 2019. Before moving to MIT, he taught at Duke University's Fuqua School of Business from 1991 to 1997. From March 2007 through the end of August 2008, he served as Chief Economist of the International Monetary Fund. In 2024, Johnson, Daron Acemoglu, and James A. Robinson were awarded the Nobel Memorial Prize in Economic Sciences for their comparative studies in prosperity between nations. Education Born in 1963 in Sheffield, Johnson was privately educated at Abbotsholme School in Rocester and then went onto read Philosophy, Politics and Economics (PPE) at the University of Oxford where he was an undergraduate studen ...
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