Why is Western Europe more rich than Eastern Europe?
One theory is that while western europe moved away from a feudal system over the course of the 14th-17th centuries, Eastern Europe became more reliant on bonded peasant labour.
Is Western Europe richer?
The EU as a whole is the second wealthiest and second largest economy in the world, below the US by about $5 trillion….Economy of Europe.
| Statistics | |
|---|---|
| GDP | $22.9 trillion (Nominal; 2018) $26.7 trillion (PPP; 2017) |
| GDP growth | 2.4\% (2017) |
| GDP per capita | $27,330 (2017; 3rd) |
Is Western Europe or Eastern Europe more developed?
It should come as no huge surprise: VC activity in Western Europe is much stronger than in Eastern Europe. Countries in Western Europe generally have more developed economies and a higher level of income per capita.
Why is Western Europe so advanced in its economy?
The Western European region is very much advanced in its economy. Along with the inventions of the industrial revolution, countries have been able to gain a high economic development rate. In this region may Catholics and Protestant Christians can be seen.
What are the cultural differences between Eastern and Western Europe?
When examining the culture and society of the countries of Eastern Europe, a clear difference can be seen in family structures. In the Eastern European countries, the conservative ideas are more prominent in comparison to the Western region. People speak languages with Slavic roots.
How do Eastern European countries Remember the Great War?
While in Western Europe the Great War is seen as a dirty, pointless, bloody mess, the result of European hubris, in the Eastern part it’s also remembered as a defining national event, either a great victory or a grave defeat. Many Eastern European countries either became independent or were consolidated in the aftermath of WW1.
Why did Eastern Europe become an economic powerhouse?
There was a time when Eastern Europe was the economic powerhouse and Western Europe was an economic backwater. In Antiquity the Romans had to move their capital from Rome to Constantinople to participate in that wealth. Cities like Alexandria were major economic and cultural hubs.