Emergence from poverty requires effort, firmly established property rights, and productive investment. Todays world economy is filled with contrasts. Yet the 2006 Nobel Peace Prize was awarded to a for-profit microloan bank and its founder, an apparent vindication of the ideas of Peter T. As Bauer wrote, Development aid, far from being necessary to rescue poor societies from a vicious circle of poverty, is far more likely to keep them in that state.... A 2005 United Nations report called for a doubling of foreign aid to poor countries as the means to reduce poverty.
It is easier to find opulent societies guilty of having plundered underdeveloped communities than to explain why some people can prosper and other cannot.
One person can be richer than another if he can satisfy better his ends even with a smaller endowment of means.
First of all, wealth is directly related to individual ends.
Afterwards, we will study which are the implications of globalization on the sources of wealth. A human being needs means to fill the gap between his current state of affairs and his desired state of affairs.
The first one is devoted to the definition of wealth, its foundation and its economic sources.