Question

Choose three of the following four (imperialism, geography, institutions and/or culture). How are those three supposed to be important for development? Which are the more important and which are the less important in your opinion and why? Appropriate examples and references to assigned reading will be helpful.

Answer 1

Geography, institutions and culture are the three most important things which are important for development of a country. First are the institutions in an economy, if people have the knowledge then only the can use the geography at its best and people will become skillful and they will use the resource effectively and efficiently. Geography is the second most important part for the development as knowledge of location of resources which can be used to make the things which make the country grow more rapidly is the most important part here. Third is culture, a good culture makes the person more valuable. I think things like corruption and other crimes are indirectly related to the culture of a country. People who follow their culture are relatively having more values than who does not. So it increases growth.