Yes, everything is simple. It can not be all the rich, it is not a priori possible. Money flows from one to another. Similarly in countries. Some people have smarter people, more developed politics, economics, and so on.
Topic: Why are some countries still so rich and others so poor - page 2. (Read 16362 times)
wars and crimes
You gave a partial answer to your own question right there. Other reasons that there are many, many, many poor countries include dictators who decide who may or may not prosper (if they dont like you, you are out of the game), as well as backwards customs and religious beliefs that quickly slows down societies. Countries where women are second class citizens, who are not allowed to work, and such. Heck, even countries where people are not really allowed to own things, causing them to depend 100% on whathever the government / general / king / emperor gives them or allows them.
Yes advanced countries often abuse poor countries, that is true. But many of these poor countries are / have been extremely flawed societies for a long time anyhow. Flawed in ways that hinders progress overall, even if left in peace. Not to mention when ruled by some all-powerful psychopath...
There are many reasons for these problems. Religion, politics, wealth, bad ethics. Technological advancement doesn't mean improvement of life quality for all, it means a better life for those who can afford it. What we need and we are going through is ethical advancement, getting our morals right. We live in a world where the president of one of the most powerful countries doesn't think (I'm not gonna say believe because that's a fact, not a ghost story) that global warming is real.
i think it depends on the government how the rule their country
Corruption and greed can destroy the most vibrant economy just take a look at Venezuela. The inflation has reached milllion figure , currency render worthless, item beyond the reach ordinary citizen etc.
In some countries there are no resources, such as oil and gas for example. Others were colonies of different other countries and they were under the pressure of them, under the immediate complete political control, so they didn't have a chance to develop normally.
Let’s return to our simple picture of economies as having capital, labor and an efficiency factor. Capital is valuable because it increases output directly and also because it increases the productivity of labor. Yet Jones reports that capital-output ratio is remarkably stable across countries. Its average value is very close to one, meaning that an extra dollar of capital gives you an extra dollar of output. Even the poorest countries tend to have a capital-output ratio very close to the U.S. value. So differences in physical capital contribute almost nothing to differences in GDP per worker across countries. It has also been documented that the marginal product of capital is very similar in rich and poor countries.
The principle is somehow similar to what we are experiencing in the society. There are some people who are rich, others are poor. Somehow it roots from where the individual came from. He is lucky if he came from a well off family. Same as a country, who already had money and power from the beginning of time. Another thing is resources and the proper utilization of it. For example, the Arab countries know how to make use of their oil resources to become rich.
My country is in middle of list but could be better
As we look around the world today, we see many vestiges of these practices plus new ones – government created labor monopolies, currency controls, land use controls, etc. Plus, Hernando de Soto has brought our attention to something else. In Adam Smith’s England the existence of stable government and the rule of the common law was taken for granted. In many parts of the world, that is not the case.
What causes a “misallocation of resources”? In Smith’s day and in the country where he lived (Britain) it was mainly bad government policy. Under mercantilism, the British crown established monopolies that were protected against the rigors of competition in the marketplace. Tariffs and quotas did much of the same thing. Medieval guilds operated under anticompetitive conditions – controlling output, prices and entry into such crafts and trades as textile workers, masons, carpenters, carvers, glass workers, etc.
With all the technology, healthcare and education why is the world still so divided? With some places being rich while others being torn in wars and crimes, forcing people to hide or become refugees. What are your thoughts on the issue?
You mentioned technology. Actually, technology itself can cause the disparity. Expensive technology for others, seems elitist. Even if the whole of humanity should have access to life-changing technology, money and power still take the front seat. It’s similar to what is discussed about the new 5G technology.
https://thehill.com/policy/technology/409047-experts-worry-5g-could-widen-digital-divide
What are your thoughts about this?
Because of the people and who governs them. Each and every country has its resources and manpower and it will depend on them how to utilize hem.Having a Good leader is a must.
More than two centuries ago, Adam Smith wrote the book that is generally credited with initiating the science of economics. The central question he addressed is contained in its title, An Inquiry into the Nature and Causes of the Wealth of Nations. What is amazing is how prescient Smith was. Almost everything he said 240 years ago is still true today. Modern economic studies are confirming it. Think of an economy as reflecting three fundamental features: capital, labor and what I will call the “efficiency factor.” A country’s stock of capital consists of machinery, buildings, land, etc. Labor consists of the country’s human resources that are used in production. The efficiency factor determines how well the country turns capital and labor into output.
I think we will never know who is the real responsible for it,
the government or the public.. since the public that vote the leaders more responsibility is on its hand. Wrong law, wrong mindset leads to worst situation.
the government or the public.. since the public that vote the leaders more responsibility is on its hand. Wrong law, wrong mindset leads to worst situation.
In terms of natural resources, social institutions, and economic governance, each country has different rates of influence. There are 196 countries in the world. 25 of them are very rich, with a per capita income of over $ 100,000 per year. Most of the rest are relatively poor countries and some are very, very poor. All countries more or less are on the road of development. But in poor countries, this is extremely slow. Remarkably, poverty and corruption are correlated and directly influenced. The richest countries in the world are also the least corrupt countries, and the most corrupt countries are also the poorest countries. When corrupt states, they can not collect enough taxes to build one body. Natural resources such as oil, precious metals can be a real problem. Poor countries tend to view them as a trump card. These natural resources are called "amplification effects" by economists. They will help a country with a wealthier institution, but with a bad institution, it will even make it poorer. This is called "resource traps".
With all the technology, healthcare and education why is the world still so divided? With some places being rich while others being torn in wars and crimes, forcing people to hide or become refugees. What are your thoughts on the issue?
No doubt sure is problem from government
Your all wrong 
There are many reasons.. but the main reason is IQ.
Look at the poor countries.. all have low average IQs.
Then to compound the problem.. people with high IQs leave the poor countries and go to the western countries..
Take a look at IQ data - Then take a look at peoples income.. it all matches up perfectly..
There are many reasons.. but the main reason is IQ.
Look at the poor countries.. all have low average IQs.
Then to compound the problem.. people with high IQs leave the poor countries and go to the western countries..
Take a look at IQ data - Then take a look at peoples income.. it all matches up perfectly..
Economic growth of less-developed economies is key to closing the gap between rich and poor countries. Differences in the economic growth rate of nations often come down to differences in inputs (factors of production) and differences in TFP—the productivity of labor and capital resources. Higher productivity promotes faster economic growth, and faster growth allows a nation to escape poverty. Factors that can increase productivity (and growth) include institutions that provide incentives for innovation and production. In some cases, government can play an important part in the development of a nation's economy. Finally, increasing access to international trade can provide markets for the goods produced by less-developed countries and also increase productivity by increasing the access to capital resources.
Herrmann and collaborators replicated the previous results in subject pools in the U.S., Australia, England, Switzerland, Germany, China, and South Korea. However, when they conducted the identical experiment with subjects in Russia, Ukraine, Belarus, Turkey, Greece, Saudi Arabia, and Muscat, they found that the opportunity to punish other group members had much less ability to stave off a decline in contributions, and that the likely cause was that in those subject pools, punishing cooperators was almost as common as punishing non-cooperators. As a consequence, subjects in the “bad” subject pools earned less in the experiment than did their counterparts in the “good” ones.
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