This blog compiles the thoughts of UCLA undergraduates on the connections between economic history and current events. All contributors to this blog are enrolled in Ec183, The Development of Economic Institutions in the United States. The premise of this course is the history matters. The careful application of economic theory and quantitative reasoning can help us understand the past.
Thursday, November 17, 2011
Gap Widening
According to this news source, http://www.boston.com/bigpicture/2011/11/feeding_7_billion.html, the gap between the rich and the poor are still widening despite the more developed world we live in. One of the most important staples of the world is wheat and from the pictures, it looks like Canada is one of the main producers of wheat. This could be part of the reason why Canada was able to be one of the countries who experienced reversal of fortune because it was fortunate enough to have the land that is conducive to growing wheat and therefore allowing Canada to have a continuous source of food and also allowing Canada to have control over a main food source of the world.
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