What Is the Most Important Factor That Explains Why Some

question 122

Essay

What is the most important factor that explains why some countries have experienced sustained economic growth and some have not? Please explain.

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Definitions:

Socio-economic Status

A measure of an individual's or family's economic and social position in relation to others, based on income, education, and employment.

Guilty-knowledge Test

A psychological assessment technique used to determine whether a person has knowledge only a guilty party would possess.

Lie-detector Test

A procedure that attempts to determine if a person is telling the truth by monitoring physiological responses to questions, also known as a polygraph test.

EEG

Electroencephalography, a non-invasive method to record electrical activity of the brain used in medical and research settings.