Workers in industrial countries earn much higher wages than workers in developing countries because of the differing political regimes in developing countries.

Question

Quizplus · Accepted Answer

The wage differences between industrial countries and developing countries are due to a complex set of factors, including differences in productivity, technology, education levels, and labor laws, among others. While political regimes can play a role in creating an environment that is conducive to economic growth and development, there is no simple link between political regimes and wages.

Workers in Industrial Countries Earn Much Higher Wages Than Workers