The belief that wealthy nations became wealthy because early on they were able to develop the necessary beliefs, values, and practices for trade, industrialization, and rapid economic growth to occur is one of the major assumptions of the theory.

According to subpart d, research with children may be eligible for exemption when: the children will be asked to complete a surveythe research involves the use of educational teststhe children will be interviewed by the researcher. the research with children will involve participant observation with researcher interaction.