Name
Professor
Institution
Course
Date
Germany and Canada; Why they are different?
Introduction
The economic status of a country is determined by various factors and various measures that are compared to other countries. The economic stability of countries is measured with consideration of various elements such as the general income of the citizens, and also the productivity of various groups and organizations in the nations. The economic contributions of economic institutions such as banks, private and public financial institutions are also used to determine the position of nations’ economic status. The index heritage scale is an essential parameter in determination of a country’s economic position in comparison with other nations across the world. The global economy ranking is therefore achieved after a comprehensive analysis of the economic positions of various countries, and this is with comparison of the pillars of the economy of the respective nations. Poverty, poor health and ignorance are considered to be the fundamental contributors of low index heritage scale due to their negative contributions towards the economy of a country. It is the responsibility of the government and key players in the economy of a country to ensure that the economic strategies and activities that they engage in positively help in eradication of poverty, reduction of ill health and control of unawareness among people and organizations.
This paper aims at drawing a comprehensive and evidence-based comparison between Germany and Canada. This follows the realization that Canada outranks Germany on the index heritage scale irrespective of the fact that Germany has better economy than Canada. Additionally, the recognition that Canada has better economic institutions than Germany brings forth the question of what reasons contribute to the difference, and yet Germany is considered