Government corruption is the number one reason I see why there's still poor countries in this world..
I wanna set as an example a province in my country(The Philippines),called Maguindanao..
A province in the southern part of the Philippines that is governed by a tyranny political clan for a very long time and now being tagged as the 3rd poorest province in my country.Rebels exist in this part of my country and it's also one of the reason i think why the province is not making any development.
In a province where poverty is in all time high,crime,rebels,drugs,guns and other illegal activities are just a normal scene to it's residents,how come that their political leaders is getting rich day by day?( http://pcij.org/stories/featured-stories/shamefully-rich-clan-has-35-houses-fleet-of-wheels/ ).In this article its very clear to see how this so called political leaders abused their powers and took away all the things their local people should've enjoyed.
It's just so sad to see that the leaders who had been elected to support and help the people are the ones taking advantage of it's power and making the community people suffer more.
other articles related to this corrupt political clan
- http://www.gmanetwork.com/news/news/specialreports/187319/maguindanao-gets-poorer-as-ampatuans-get-richer/story/
- http://www.gmanetwork.com/news/news/specialreports/239528/an-anarchy-of-mansions/story/
This is just one of the clan that have a long political dynasty history in my country and there's still a lot more out here..and i beleived as long as this kind of people exist in my country,many of us would still continue to live in poverty and poor life.
Topic: Why are some countries still so rich and others so poor - page 4. (Read 16362 times)
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?
Many countries are rich because of having rich resources along with being large in land area. For example, we have the US, China and Russia. Some countries are abundant in oil, such as the Saudi Arabia, UAE.. They take advantage of the resources and build wealth times faster than other countries.
Other countries aren't rich in resources but their people are decent. Japan and Singapore are examples.
Poor countries mostly lack both of these and they dont have desires to grow and have a competitive economy. Being poor, they are vulnerable and being stuck in wars triggered by bigger countries.
According to my opinion main reason is how people think about their future. Because people can deside everything. If they choose wrong way country will never be rich. Most of desition so hard. People afraid to take a risk. People don't like to change their life styles. So they try to teach old life styles to new generation. Because of the fear to change. Most of country take hard desition to build up their countries. Everyone must support. Ex. Japan after Nagasaki attack, Singapore, just see how they built up their country.
We can do lot of things to build up any country. Need a good leaders and supporting peoples.
We can do lot of things to build up any country. Need a good leaders and supporting peoples.
I think you should read a lot of books and documents that you will understand the problem. The economy of a country is determined by history and geography. a country without war, favorable geographical position will grow rich. The poor countries are the opposite. Another issue is the leadership of the country
Because everyone works for himself, a human can't work for the community as I can see in history the communism can't work in our society. ANd without the communism, we can't reach this objective!
most of the poorest were victims of colonialism in the past, that empowered corrupt elites, the consequences are still here.
while the richest are the ones who explored and continue to interfere in the politics and economics of the 1st ones.
it's a zero sum game.
while the richest are the ones who explored and continue to interfere in the politics and economics of the 1st ones.
it's a zero sum game.
First, institutions matter. For an economist, institutions are the "rules of the game" that create the incentives for people and businesses. For example, when people are able to earn a profit from their work or business, they have an incentive not only to produce but also to continually improve their method of production. The "rules of the game" help determine the economic incentive to produce. On the flip side, if people are not monetarily rewarded for their work or business, or if the benefits of their production are likely to be taken away or lost, the incentive to produce will diminish. For this reason, many economists suggest that institutions such as property rights, free and open markets, and the rule of law (see the boxed insert) provide the best incentives and opportunities for individuals to produce goods and services.
The reasons why some country are so rich and others poor are basically :#poor leadership #lack of natural resources #lack of adequate human resources #war and disaster #lack of adequate land mass,and so on like that. Corruption and colonization is also a major contributing factor makes most nations of the world poor.
In the first factory, workers with basic skills move goods around with push carts, assemble goods with hand tools, and work at benches. In the second factory, highly trained workers use motorized forklifts to move pallets of goods and power tools to assemble goods that move along a conveyer belt. Because the second factory has higher TFP, it will have higher output, earn greater income, and provide higher wages for its workers. Similarly, for a country, higher TFP will result in a higher rate of economic growth. A higher rate of economic growth means more goods are produced per person, which creates higher incomes and enables more people to escape poverty at a faster rate. But, how can nations increase TFP to escape poverty? While there are many factors to consider, two stand out.
Economic growth is a sustained rise over time in a nation's production of goods and services. How can a country increase its production? Well, an economy's production is a function of its inputs, or factors of production (natural resources, labor resources, and capital resources), and the productivity of those factors (specifically the productivity of labor and capital resources), which is called total factor productivity (TFP). Consider a shoe factory. Total shoe production is a function of the inputs (raw materials such as leather, labor supplied by workers, and capital resources, which are the tools and equipment in the factory), but it also depends on how skilled the workers are and how useful the equipment is. Now, imagine two factories with the same number of workers.
It's a combination of factors but leadership still plays a large role. Case in point would be Singapore. It was used mostly as a trading port, it have no natural resources, for the longest time had to rely on neighbors for water. It is currently the only first world nation within its bloc (ASEAN).
People might say it's not completely democratic but so is North Korea.
People might say it's not completely democratic but so is North Korea.
Basically, people tend to be selfish. Some people will love money and power over their family. Survival of the fittest, our world is slowly becoming a forest, wherein if you're the weakest tribe, you become extinct. The love and peace that existed in the past is now extinct. The new age has now emerge in our generation. Slowly, year by year, some countries earn a lot from the World Bank, for example U.S.A, because of their universal currency they tend to be the most powerful country in the world in terms of their financial economics. While Russia are rich in their military weapons. How about Singapore? Malaysia? Thailand? Still one of the poor countries that badly need economic support. Countries need to help each other for the world to become a better place for the future generation.
Undeveloped countries are rotting from within. I live there myself. Officials steal money, but we suffer from the people, we do not have enough money.
Salary in many countries is 200-500 $. This is enough inside the country, but in foreign countries it is a penny.
Nowadays globalization process opens bonders and makes all kinds of transactions faster, but vice-versa this leads to the fact that rich countries are enriched, and the poor become even poorer. This development gap can turn out very bad, so developed countries support the economy of the poor by lending to them and driving into long-term debt obligations.
The government policy that has made the state orderly is a condition of progress in a country, if the country is not fair then technological and economic progress will be destroyed. There are so many corruption cases in every country that have harmed the state finances and this is what makes the country poor so it is left behind by other countries. However, if the state is fair and eradicates corruption then state policy will be regular to advance the country's economy.
i think it has a lot to do about governance. every country is blessed with several resources from which the government can create wealth for the people through several laws and policies. the supposed rich countries of today are as a result of policies put in place by the government which in most case result in production and exportation. A lot of the poor countries have resources but chose to consume goods from other growing nations, this inhibits production and as such cause the people to be considered poor. every nation was once poor, some just chose to remain poor.
For a county to be rich then the leaders of those country do believe in that progress of the country and and also try as much as possible to use the available resources to build the country and sack any of the cabinate member that's not keying into the vision of growth in the country. And some countries are poor because even the leader believes in stealing government fun without any plan of developing it, by so doing the country will remain poor and even poorer.
The reason why some countries are so rich and some are poor is inability of a leader to manage the resources in his country very well.I will use Africa and Asia as a case study Africa has alot of mineral resources but yet they are poor because their brains including their leaders are not working meaning they don't invest in advance technology, their leaders are cyphoning public fund into their personal pocket and masses can't revolt to set up a working government ,but in some Asian countries, they don't have enough mineral resources but they invest in advance industrial technological and that why some countries are rich, while some are poor.
The two major reasons in my eyes are natural resources and momentum. Momentum, when you're a poor country and you're lacking infrastructure, knowledge, poor are malnourished which also affects IQ, then it's almost impossible to get out of that hole.
Capitalism: to be rich, others have to be poor. It's sad but it's the better economic system we've found for now
Jump to: