Why are rich countries rich and poor countries poor?

[thougi]

Inclusive economic institutions are those that allow and encourage participation by all in economic activities. They feature secure private property rights, the rule of law, the entry of new businesses, and a level playing field in which people can freely exchange and contract.

[Sithara007]

Maybe they are afraid or they get intimidated with rich countries..

There are bullies everywhere, but there is no such rule that bullies can only be the rich. For example, poor nations such as India are capable of bullying rich nations such as Maldives. What matters here is the economic and military power, as well as population. The rich nations can be powerless, if they don't have the military capability and population.

[GianSnow26]

Simple, rich country has  the power and money to make their country richer and the poor country doesnt have the money to improve their country/

[Latviand]

So I was just surfing the web during my downtime and the internet being a rabbit hole that it is, I realized I got to this page....  http://www.scienceagogo.com/news/20010817233944data_trunc_sys.shtml

Having read Guns, Germs and Steel before (as well as watching the documentary on Youtube), I was really surprised that the difference can be attributed to simple things like frost.

This got me thinking, if you believe the poor countries are already locked in to their fate by the cards dealt them, does this mean they are blameless for their current situation? Did colonialism really messed them up or it simply exacerbated an existing problem? And how can poor countries overcome the challenges to becoming 1st-World?

Firstly I think that the main reason a country is rich is if it was able to ytilize the natural resources given to them. Yes some countries might be a disadvantage but countries like Japan and others was able to focus on other things aside from their natural resources. Second I do think that there is a lasting effect on colonialism.

[Creating N Action]

Yes, I grew up with my grandparents. It is true that "whatever adults do, children copies it" even if you don't teach them. I always knew about my grandparents generosity to other people plus the fact that they also taught me how to become one. Now that I am a grown-up too, I still apply that learning I acquired and learnt from them.

[Nambuwan]

There is a major reason of why the rich countries are rich and the poor countries are poor, it is what we call LEADERSHIP. Leadership of a President of the country is responsible of what the country is or what will happen to the country. Yes, it also depends on the people living in the country but still the Leadership of the President has the upper hand.

[Creating N Action]

Rich countries are rich because they have lots of resources to sustain their riches. They become richer by multiplying their resources. While poor countries are poor because they don't have riches or they have but in lesser quantity. They find it hard to make them multiply because they lack in many things. And admit it or not, government and politics also has a big connection with this issue.

[vok-wok_hok]

Rich countries are rich because they have lots of resources to sustain their riches. They become richer by multiplying their resources. While poor countries are poor because they don't have riches or they have but in lesser quantity. They find it hard to make them multiply because they lack in many things. And admit it or not, government and politics also has a big connection with this issue.

Not all poor countries have few resources, just there the government misuses them and can not thus develop the country's economy. The wealth of the country depends on the actions of the authorities.

[rhyoanime]

because of corruption. Why does Corruption affect the prosperity of a country?
Because the higher the level of corruption of a country then the State will not have enough state money (Tax) to build an institution that can bring his country away from the bondage "Poverty Trap"
A country that runs out of money because of corruption also can not build important institutions such as:

[Sithara007]

Not all poor countries have few resources, just there the government misuses them and can not thus develop the country's economy. The wealth of the country depends on the actions of the authorities.

Even if the authorities are not corrupt and competent, it doesn't mean that the natural resources can be extracted for the benefit of the people. For example, take the case of Ghana or Ivory coast. There are huge mineral deposits in these countries. But these nations are poor and therefore they don't have the technology to extract them.

[mari@Nnarosy19]

So I was just surfing the web during my downtime and the internet being a rabbit hole that it is, I realized I got to this page....  http://www.scienceagogo.com/news/20010817233944data_trunc_sys.shtml

Having read Guns, Germs and Steel before (as well as watching the documentary on Youtube), I was really surprised that the difference can be attributed to simple things like frost.

This got me thinking, if you believe the poor countries are already locked in to their fate by the cards dealt them, does this mean they are blameless for their current situation? Did colonialism really messed them up or it simply exacerbated an existing problem? And how can poor countries overcome the challenges to becoming 1st-World?

first we have to think about that country economical support and politicians rules and regulations. in some country's gold, platinum, petroleum, diesel, mining, black gold may available. but in some country's at least they had no water and no food. Russia america china japan implementing their country's in automobiles, cars, and spare parts. in some country's has no good facility's to implementing their country's. so country growth depends on people, employment, education, industry, politics and tax.

[arnobs07]

Because of Capitalization and exploitation
example:
rich people  always think about business profit by exploiting people who are working under this company or organization. they dont provide any chance for making them self establish  and that is a reason for Rich people are rich and poor people are poor
same law is used for country ..

[Hotel_Prodeo]

Rich countries are rich because they have lots of resources to sustain their riches. They become richer by multiplying their resources. While poor countries are poor because they don't have riches or they have but in lesser quantity. They find it hard to make them multiply because they lack in many things. And admit it or not, government and politics also has a big connection with this issue.

Not all poor countries have few resources, just there the government misuses them and can not thus develop the country's economy. The wealth of the country depends on the actions of the authorities.

I think corruption is the main factor of poverty, many corruptors are willing to betray the mandate, making the country miserable and the poor. they are willing to sell assets to other countries to gain personal and group benefits.

[voltesbit777]

If there is a country who is rich, I think it is because most of there officials maybe are not corrupt so the results was very progressive and their economy was quite good and well, unlike in the other who are poor like Africa, Thailand and others perhaps there many corrupts officials but I'm not saying all of it.

[Napole0n]

This is a matter of justice and system, most countries are rich because they have a good economic system and give opportunity to anyone to be able to grow, while the poor countries are mostly controlled by the authorities.

[lexamagic]

If there is a country who is rich, I think it is because most of there officials maybe are not corrupt so the results was very progressive and their economy was quite good and well, unlike in the other who are poor like Africa, Thailand and others perhaps there many corrupts officials but I'm not saying all of it.

I do not think that the wealth of the country depends on the corruption of officials. The world is ruled by the masses and officials are only pawns in their game. Probably they control the wealth of each country.

[Sithara007]

This is a matter of justice and system, most countries are rich because they have a good economic system and give opportunity to anyone to be able to grow, while the poor countries are mostly controlled by the authorities.

There is another way of saying it. If a country is blessed with good rulers, then it will rapidly progress in to a developed nation. I can give you many examples. Singapore is one, and Taiwan is another. Outside Asia, we have countries such as Seychelles and Mauritius. On the other hand, if the rulers are bad, then the economic condition can worsen. Examples are Libya and Iraq.

[Tabanta]

Because of colonialism mostly - who comes first gets all the loot.

[-Redacted-]

Why are you talking about their fate?! The country's economy is linked inseparably with education and culture.

[Genemind]

So I was just surfing the web during my downtime and the internet being a rabbit hole that it is, I realized I got to this page....  http://www.scienceagogo.com/news/20010817233944data_trunc_sys.shtml

Having read Guns, Germs and Steel before (as well as watching the documentary on Youtube), I was really surprised that the difference can be attributed to simple things like frost.

This got me thinking, if you believe the poor countries are already locked in to their fate by the cards dealt them, does this mean they are blameless for their current situation? Did colonialism really messed them up or it simply exacerbated an existing problem? And how can poor countries overcome the challenges to becoming 1st-World?

A country is rich depending on it's resources, let's say the middle east, they are rich because most of the gasoline around the world comes from them, Japan is rich because of it's technology, etc. Now, a country becomes poor because of it's government officials management within the country.