Why Are Some Countries Rich and Others Poor?
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Why Are Some Countries Rich and Others Poor?
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Re: Why Are Some Countries Rich and Others Poor?
#2No mention of colonialism or imperialism here. Not the whole answer, but part.
Re: Why Are Some Countries Rich and Others Poor?
#3"Because GDP per capita is simply GDP divided by the population, it is a measure of income as if it were divided equally among the population. In reality, there can be large differences in the incomes of people within a country. So, even in a country with relatively low GDP, some people will be better off than others. And, there are poor people in very wealthy countries."
Enough said.
As a US citizen, I don't consider my country as rich. We are in debt. The rich boys, and their span always do well, and own oh so--so much, and I'm not even talking just money. Crazy? No. It's pretty basic. I'm sick of it personally. I had a chance to move to France, or Norway years ago; regret not going.
Re: Why Are Some Countries Rich and Others Poor?
#4No mention of colonialism or imperialism here. Not the whole answer, but part.
Well check the section about Korea, look at South Korea now.
Re: Why Are Some Countries Rich and Others Poor?
#5No mention of colonialism or imperialism here. Not the whole answer, but part.
The impact of colonialism is studied under the institutionalist approach to growth theory, with the two most proeminent recent authors being Acemoglu and Robinson. The submission doesn't elaborate on it, but the literature is out there.
Re: Why Are Some Countries Rich and Others Poor?
#6No mention of colonialism or imperialism here. Not the whole answer, but part.
The impact of colonialism is studied under the institutionalist approach to growth theory, with the two most proeminent recent authors being Acemoglu and Robinson. The submission doesn't elaborate on it, but the literature is out there.
I'm not sure what your comment is supposed to mean. Can you explain in such a way that a non-domain expert can better interpret it?
Re: Why Are Some Countries Rich and Others Poor?
#7As someone who migrated from a developing country(India) to a developed country(Australia) and observing the difference in quality of life of average citizens among the two countries, I always wonder why politicians/dictators from developing countries who can also observe these differences ever wonder that the average people in a developed country are living a good life so why not just copy what the developed country is doing and apply the similar policies back home to improve the lives of their own citizens.
Re: Why Are Some Countries Rich and Others Poor?
#8I recommend everyone interested in this subject to read "Why Nations Fail: The Origins of Power, Prosperity, and Poverty" by Daron Acemoglu
It's a great book that tries to explain why.
Re: Why Are Some Countries Rich and Others Poor?
#9I "like" the use of North Korea as example of bad institutions and not of effect of embargoes.
Likewise South Korea definitely did not receive (and properly used) foreign aid. /s
The article clearly contradicts itself on the point by showing how ineffective Qing dynasty policy reforms were in China while later even bigger changes in communist China worked.
And definitely does not address anything related to USSR or rise of the USA. Or further back, British empire. (Each employed very different policies was successful for a time.)
And then you have to look even further back...
Conclusions are therefore a joke toy model.
Re: Why Are Some Countries Rich and Others Poor?
#10As someone who migrated from a developing country(India) to a developed country(Australia) and observing the difference in quality of life of average citizens among the two countries, I always wonder why politicians/dictators from developing countries who can also observe these differences ever wonder that the average people in a developed country are living a good life so why not just copy what the developed country…
Because controlling people, who are struggling in their life, are much easier by dictators. Even with religious activities, dictators can make citizens pray for him. if politicians allow you to have lots of chances, then you'll start criticizing and want more. More improvement on life conditions gives you less control on citizens.
I'm Turkish living in Switzerland, I can say that it is the same shit in every developing country and i can ensure you they won't be developed due to the facts that i mentioned above. We need really high numbers of citizens to break the borders.