because of this countries follow of global economics and free trade, and standard of living follow free market.
The income level and standard of living
The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
Usually, the higher the GDP, the higher the standard of living.
Generally, globalization implies increasing trade, lowering tariffs, higher technology, and increasing economic integration. All of these factors have been empirically linked to higher economic growth, so GDP will, in a normal sample, be higher than if globalization didn't exist. However, just like many economic activities benefit society or many people, there are often 'losers' from economic changes. Globalization will negatively impact some groups of people and systems, but it will increase the GDP of all countries and their societies.
Brain drain is defined as the migration of health personnel in search of the better standard of living and quality of life, higher salaries, etc. The majority of the migration is from developing countries to developing countries and this has a negative impact on both the quantity and quality of health care in those countries.
People in developed countries have a higher standard of living then people in developing countries.
leads to a higher standard of living
Compared to what? Switzerland has an higher standard than most countries in the world.
There was a generally higher economic standing and standard of living in New England than in the Chesapeake.
Yes it is
Unfortunately, the United States is the largest consumer of all energy products. There are few countries that have a higher standard of live but countries like Dubai and Kuwait have higher living standards BUT their populations are very small compared to the US.
Strong economic growth in the 1990s made Australia's standard of living much higher than some countries. As such, the cost of living in Australia in 1990 may have been too great.
The income level and standard of living
The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
impressive, with most Chinese having achieved a higher living standard.
Beyond all relevant historical/cultural factors, the simplest explanation of why countries are rich or poor is productivity. The economic wealth of a country, to a large degree, depends on its ability to produce goods and services. Since that production is a function of how productive actors are, higher productivity usually translates to higher economic output and thus higher wealth and vice-versa.
On the Human Development Index, Chile ranks 45 and Argentina is 46. They are the highest two countries, but both are still considered to be "developing countries".