Seminar paper from the year 2008 in the subject Politics - International Politics - Topic: Globalization, Political Economics, University of Flensburg (European Studies), course: Seminar: "World Economic Policy," language: English, abstract: The main goal of Development Economics is to find the reasons for the rather big differences in levels of income throughout the world. Why, for instance, did European nations after the eighteenth century develop faster than Asian, African or Latin American nations and what can be done to reduce the so caused differences in income and growth?1 In recent...