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April 4, 2022
BPL2 – AB Political Science Reflection Paper 2
Deducing Poverty and Prosperity:
A Truism [Yet Vexed] Interest of Comparative Politics
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resources serve as an “intensifier”. Such in the case of Democratic Republic of Congo (DRC) – it
holds m ost of the world’s coltan, a mineral that accurately every mobile phone has. Yet, it remains
a poor country due to mismanagement and lack of discipline to mining companies. Disparate from
DRC, the economically rich and resource-rich country of Botswana managed to maximize its
people’s expertise while maintaining discipline among the companies overseeing the extractions
of natural resources.
Profoundly unfolding the specificities of “why countries are poor, while others are rich”,
it remains vital to evoke the certainty that some countries are rich owing to their high
productivity. This high productivity stood attributed to a better and more factors of
production. Rich countries engender a lot of physical capital akin to shovels, tractors, roads,
among others. Furthermore, they better invest in education, training, and experience which renders
a “well-built” human capital. These people, have a swift access to technological knowledge which,
as a result, affords them critical knowledge in understanding genetics, soil composition, and
chemistry. And eventually, these physical and human capital, as well as technological knowledge,
are adequately organized for the purpose of generating valuable goods and services. The
justification in the wake of such “better factors of production” lies on the incentives. Such in
the case of China, who’s currently recognized as an economic powerhouse, their economic growth
remains stagnant not until their farmers stood permitted to keep the product of their efforts. This
inexorably entails that when effort was divorced from payment, there stands a diminutive incentive
to work productively. And ultimately, the grounds at the flip side of “good incentives” is the
“good institutions”. A “good institution” entails the presence of an efficient property rights,
honest government, dependable legal system, political stability, and competitive or open markets
– all of which are portrayals of an Inclusive Institutions. Institutions can be either Inclusive or
Extractive. Inclusive Economic Institutions [distinct from Extractive Economic Institution who
fail to enforce property rights, contracts, regulations, financial arrangements, and education]
stipulates a tenable property rights, establishes a judicial system that imposes contracts and
indorses law, tolerate private party to sign contracts for economic or financial connections,
preserve fairly open and free entry into diverse industries and profession, empower people to
obtain assistances and education, and eventually inclines to cohabit with diverse sorts of political
institutions. By way of illustration, South Korea, who’s GDP per capita is $24,479 and HDI lies
on 17th highest spot in the world, portrays an Inclusive Economic Institution. It stimulates
participation of great majority of its population on economic activities for the purpose of advancing
their capacities, exhibiting the principles of universality and non-discrimination. Contrariwise,
North Korea, who’s GDP per capita is $583 and HDI remains not recognizable due to stringent
data disclosure, portrays an Extractive Economic Institutions. The citizens of this country grow up
devoid of high-quality education, no chances of possessing private property or business, and no
prospects for the access to markets where they can maximize their potentials. Predominantly, an
inclusive institution, contrasting the extractive ones, cultivates economic activity, productivity,
and prosperity that in the long run equates to a rich country.
In consonance with the aforementioned assertion, comparative politics goes beyond
understanding the form of government of a country. It necessitates an in-depth comprehension of
the schemes, conditions, background, and history of a particular nation. Analogous to the ways in
which the matter of “why countries are poor, while others are not?” was being unfurled, there
persists a variety of queries that comparative politics can respond to such as “why some extractive
institutions [e.g., China] remains rich, while other are not [e.g., North Korea]?” – which is implies
another distinct and supplementarily prolonged discourse.
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References
ABS-CBN News. (2020). Dissecting Data: How to measure poverty in PH?. Youtube.
https://www.youtube.com/watch?v=VjAqzH5EO1Q&t=10s
Devex. (2016). How inclusive institutions bring development to resource-rich nations. Youtube.
https://www.youtube.com/watch?v=TOBrvcalAQE
Elefane, J. (2022). Twain Pattern of Comparative Political Analysis: The Perfunctory and
Profound Scrutiny of Nation-States.
Kenya Digital Archives. (2020). Why some countries are poor and others rich?. Youtube.
https://www.youtube.com/watch?v=OMUjR7TBv6M&t=5s
Marginal Revolution University. (2017). Puzzle of Growth: Rich Countries and Poor Countries.
Youtube. https://www.youtube.com/watch?v=u5P8AZRBLac&t=429s
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