Topic: Why are some countries still so rich and others so poor - page 3. (Read 16395 times)
Poor countries suffer from serious corruption, even not, they are difficult to compete with rich countries in technology, education and more.
That's the World's order and I think it won't change 
The same reason people are rich or poor: a combination of circumstance and ver good or very bad decisions. Like usually attracts like, hence stereotypes of populations and countries accomplishing everything or nothing.
Because people from countries which are abused from western countries, are going to this western countries to do the same work for more money. The people that stay in their countries are working for less money and the economy from the country is growing more slowly then the others with more salary.
Second, international trade is an important part of the economic growth story for most countries. Think about two kids in the school cafeteria trading a granola bar for a chocolate chip cookie. They are willing to trade because it offers them both an opportunity to benefit. Nations trade for the same reason. When poorer nations use trade to access capital goods (such as advanced technology and equipment), they can increase their TFP, resulting in a higher rate of economic growth.7 Also, trade provides a broader market for a country to sell the goods and services it produces. Many nations, however, have trade barriers that restrict their access to trade. Recent research suggests that the removal of trade barriers could close the income gap between rich and poor countries by 50 percent.8
While this seems like a simple relationship—if government provides strong property rights, free markets, and the rule of law, markets will thrive and the economy will grow—research suggests that the "institution story" alone does not provide a complete picture. In some cases, government support is important to the development of a nation's economy. Closer inspection shows that the economic transformation in South Korea, which started in the 1960s, was under the dictatorial rule of Park Chung-hee (who redirected the nation's economic focus on export-driven industry), not under conditions of strong property rights, free markets, and the rule of law (which came later).5 South Korea's move toward industrialization was an important first step in its economic development (see South Korea's growth in Figure 2).
Each country has a leader ship and it depends on how they handle their resources.
North and South Korea often serve as an example of the importance of institutions. In a sense they are a natural experiment. These two nations share a common history, culture, and ethnicity. In 1953 these nations were formally divided and governed by very different governments. North Korea is a dictatorial communist nation where property rights and free and open markets are largely absent and the rule of law is repressed. In South Korea, institutions provide strong incentives for innovation and productivity. The results? North Korea is among the poorest nations in the world, while South Korea is among the richest.4
actually it all depends on the leader of the country. if the leader of a country has a goal to advance the country, no matter what happens it will be done for the welfare of its people. if the leader of a country is silent without any definite purpose the country becomes poor
What about the fact that the people choose the leader? Couldn't we say that the leader's views should be a reflection of the population? Or at least of the majority of the population? I guess this would only be applicable in democratic countries. What do you think "silent" leaders do? If they don't have ambitions for the country, then why do they want to be politician? I think it's usually that they have some personal ambitions. They don't care much if the country gets richer, but they do care if they get richer themselves.
actually it all depends on the leader of the country. if the leader of a country has a goal to advance the country, no matter what happens it will be done for the welfare of its people. if the leader of a country is silent without any definite purpose the country becomes poor
I think it all depends on how the government organizes and manages its economy. In essence the system of government and its policies will affect economic growth.
This is a whole complex of problems that leads to the fact that some countries are poor and others are rich. Of the main ones I'd call error economic policy, financial insolvency and poor governance.
I think it is about education that will give birth to intelligent human resources. When a country has a smart society (of course also economically savvy) then per capita income will rise and it will improve the country's economy.
i thought a lot about this but i still don't know what is the reason who are responsible government or public.......
Mostly because of the system that is in those countries and the corruption.
Why are some countries still so rich and others so poor?
Actually, the question is interesting. Really, with all the technology that we have now, why countries are still poor?
We have improved our health care system and people are still unable to cure themselves. Moreover, in some countries, they die and suffer from strange diseases.
About education, well, so many are still without degrees. Why? Why people can't just go to college and get an education? Is it so hard to learn basic economics rule and become rich? Moreover, the world is really divided. Different religions, different theories. We have developed many sectors but we still have work to do.
What about war, prostitution and migration?
Actually, to tell the truth, it seems that all the problems of the world are needed. The elite needs it to feel better or to be superior.
Migration is definitely a big issue that I didn't think about. There's something called brain drain. The exaggerates the problem poor countries are already faced with. Whenever truly smart and talented people come up in a poor society, they have to make a decision. Usually poor countries can't provide them with a worthy salary. This leads so many people to leave those countries. They leave poor countries and go to rich people. This was the poor countries are left with less qualified people. The rich countries keep getting the best of the best and they just get richer. Actually, the question is interesting. Really, with all the technology that we have now, why countries are still poor?
We have improved our health care system and people are still unable to cure themselves. Moreover, in some countries, they die and suffer from strange diseases.
About education, well, so many are still without degrees. Why? Why people can't just go to college and get an education? Is it so hard to learn basic economics rule and become rich? Moreover, the world is really divided. Different religions, different theories. We have developed many sectors but we still have work to do.
What about war, prostitution and migration?
Actually, to tell the truth, it seems that all the problems of the world are needed. The elite needs it to feel better or to be superior.
This mostly has to do with government policy. It seems like wherever there is a loophole, somebody will use it. If companies can find a way to take advantage of a law or policy, then they will. Their main goal is to make money. That seems to often be the goal of politicians too, personal gain. Often these businessmen get together with the politicians and come to agreements where they both get richer. The politicians of rich countries make laws that let the businessmen pay less taxes or receive different subsidies. The politicians of poor countries make laws that allow (often) foreign businessmen to take advantage of their resources and people. For this the politicians get some cut for themselves. It mostly comes back to corruption.
Really because of exploitation, and when you're down it's hard to crawl yourself up. Then you have entities like The World Bank, which is evil, putting poor country into more debt, by pretending to be helping them out.
The industrial revolution is the deciding factor for measuring the richness of any country.
The most important factor for the wealth generation of the country is the employment rate, countries with high employment rate have high economy and this high rate is depend on their infrastructural means, If a country is well in technology and the production industries like China than you have to watch the rich country the other reason for poor countries there are lot of reason behind this especially their leadership and the rate of taxes which they welcome to the new investors and the war thread in between the country,
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