Meanwhile, industrialists developed an ideology called Laissez Faire based on Adam Smith's Wealth of Nations (1776) and continued by David Ricardo and Robert Malthus. To construct the figure, the countries (or regions) of the world were organized into five groups, ordered by their current per capita income levels. PhD, Organizational Behavior and Human Resources Management, University of Illinois at Chicago, 2014 Mark Roehling is a Professor in the School of Human Resource and Labor Relations, Michigan State University.

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