For the third chapter of The Age of Sustainable Development by Sachs, Sachs discusses how and why some regions and nations of the world have become developed over others. There are some factors that just fell into place which allowed Great Britain to be the first nation to experience the Industrial Revolution. Through the ripple effect other nations across the globe began to become advanced enough to have economic advantages in a higher degree. The country I am researching is Luxembourg, which is located in the "lowlands" of western Europe. That means that Luxembourg had felt the ripple effect much earlier than other nations in the world. This is why Luxembourg is a highly advanced nation in comparison to the global standard. However, when looking at the GDP of the nation it is not as high as one would think for a developed nation. That is because the nation is extremely small, smaller than the State of Rhode Island. That means the raw materials needed to produce a large economy are also not in great supply within the boundaries of the state.The true testament to the the development of Luxembourg is its GDP per capita which is one of the highest in the world. It seems to go against some of Sachs points of how the richest nation reached their position. First off Luxembourg is landlocked, which limits its ability to interact with international trade through the sea. Second it is small and never had a colonial empire to fuel its resource needs. However, Luxembourg has always been in favor of economic unions to help mitigate their lack of resources and landlocked position, and being close to other well developed nations can allow Luxembourg easier access to advanced technologies. Below are some of Luxembourg states in the fields of economics and demographics. Also this link will bring you to gap minder chart that shows Agriculture as the % of GDP vs the GDP per capita. It seems as percent of agriculture in GDP drops the GDP per capita rises. Since the percent of agriculture in Luxembourg has always been low, the nation has had a relatively high GDP per capita over the years.
Table 1. Common Demographic and Economic Development
Indicators: Recent Data for Luxembourg
|
|||
Indicator:
|
Value:
|
Year:
|
Source:
|
GDP
|
57.794 billion ($US)
|
2015
|
World Bank
|
GDP per capita
|
101,449.968 ($US)
|
2015
|
World Bank
|
HDI
|
.892
|
2014
|
UNDP
|
Life Expectancy
|
82.207 years
|
2014
|
World Bank
|
Unemployment
|
6.1%
|
2009
|
World Bank
|
Infant Mortality (infant deaths per 1,000)
|
1.5
|
2015
|
World Bank
|
Crude Death Rate (deaths per 1,000)
|
6.9
|
2014
|
World Bank
|
Fertility Rate (total fertility rate)
|
1.55
|
2014
|
World Bank
|
Urban Population (% of total population)
|
90.16%
|
2015
|
World Bank
|
Urban Growth (urban population growth)
|
2.693
|
2015
|
World Bank
|
Total Population
|
569,676
|
2015
|
World Bank
|
CO2 emission (metric tons per capita)
|
20.898 (high)
|
2011
|
World Bank
|
Terrific data presentation and discussion. You're right, Luxembourg is an exception to some of the arguments that Sachs is making - I'd delighted that you're thinking about that! It's so true that geography isn't destiny, which Sachs also argues.
ReplyDelete