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The Wealth of Nations Predicting Economic Growth.

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Presentation on theme: "The Wealth of Nations Predicting Economic Growth."— Presentation transcript:

1 The Wealth of Nations Predicting Economic Growth

2 *All data from CIA World Factbook 2001, www.odci.gov. 1 st Place - COUNTRY E Name of country: Singapore Name of country: Singapore Population: 4,300,419 Population: 4,300,419 Per capita GDP: $26,500 Per capita GDP: $26,500 Life expectancy: 83.35 years Life expectancy: 83.35 years Literacy rate: 93.5% Literacy rate: 93.5% Infant mortality rate: 3.62/1000 Infant mortality rate: 3.62/1000

3 *All data from CIA World Factbook 2001, www.odci.gov. 2 nd Place - COUNTRY B Name of country: Japan Name of country: Japan Population: 126,771,662 Population: 126,771,662 Per capita GDP: $24,900 Per capita GDP: $24,900 Life expectancy: 80.8 years Life expectancy: 80.8 years Literacy rate: 99% Literacy rate: 99% Infant mortality rate: 3.88/1000 Infant mortality rate: 3.88/1000

4 *All data from CIA World Factbook 2001, www.odci.gov. 3 rd Place - COUNTRY A Name of country: Argentina Name of country: Argentina Population: 37,384,816 Population: 37,384,816 Per capita GDP: $12,900 Per capita GDP: $12,900 Life expectancy: 75.26 years Life expectancy: 75.26 years Literacy rate: 96.2% Literacy rate: 96.2% Infant mortality rate: 17.75/1000 Infant mortality rate: 17.75/1000

5 *All data from CIA World Factbook 2001, www.odci.gov. 4 th Place - COUNTRY D Name of country: Russia Name of country: Russia Population: 145,470,197 Population: 145,470,197 Per capita GDP: $7700 Per capita GDP: $7700 Life expectancy: 67.34 years Life expectancy: 67.34 years Literacy rate: 98% Literacy rate: 98% Infant mortality rate: 20.05/1000 Infant mortality rate: 20.05/1000

6 *All data from CIA World Factbook 2001, www.odci.gov. 5 th Place - COUNTRY C Name of country: Nigeria Name of country: Nigeria Population: 126,635,626 Population: 126,635,626 Per capita GDP: $950 Per capita GDP: $950 Life expectancy: 51.07 years Life expectancy: 51.07 years Literacy rate: 57.1% Literacy rate: 57.1% Infant mortality rate: 73.34/1000 Infant mortality rate: 73.34/1000

7 *All data from CIA World Factbook 2001, www.odci.gov. LONG-TERM ECONOMIC GROWTH High investment levels in physical and human capital High investment levels in physical and human capital Greater economic freedom, including lower taxes, fewer government regulations, sound monetary policy, protection of property rights, and decentralized decision-making in most sectors of the economy Greater economic freedom, including lower taxes, fewer government regulations, sound monetary policy, protection of property rights, and decentralized decision-making in most sectors of the economy Strong incentives to save, invest, and increase productivity (including property rights) Strong incentives to save, invest, and increase productivity (including property rights) Competitive markets Competitive markets Low inflation Low inflation Political stability Political stability Free trade Free trade

8 *All data from CIA World Factbook 2001, www.odci.gov. Economic Freedom 2002 1. Hong Kong 2. Singapore 3. New Zealand 4. Estonia 5. Ireland 6. Luxembourg 7. Netherlands 8. United States 9. Australia 10. Chile 11. United Kingdom 12. Denmark 13. Switzerland 14. Finland 144. Yugoslavia 145. Burma 146. Syria 147. Zimbabwe 148. Belarus 149. Uzbekistan 150. Turkmenistan 151. Iran 152. Laos 153. Cuba 154. Libya 155. Iraq 156. North Korea LOWEST LEVELS HIGHEST LEVELS


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