Why are some countries still so rich and others so poor

[hilawnasaging]

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.

[Mometaskers]

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.

[definitee]

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.

[roworship]

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.

[Emigham7]

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.

[yutakeo]

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.

[vladimirhf]

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.

[airdrop.farm]

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!

[babyday88]

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

[hiroshmax]

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.

[sweetwine]

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.

[Gwapoman]

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.

[mboileau]

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,

[trakatalopp]

The industrial revolution is the deciding factor for measuring the richness of any country.

[Electric4]

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.

[Windrunner88]

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.

[Windrunner88]

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.

[LimePleasant]

Mostly because of the system that is in those countries and the corruption.

[HaniBaloch]

i thought a lot about this but i still don't know what is the reason who are responsible government or public.......

[misimoto]

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.