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Old 07-24-2017, 02:34 PM
 
1,485 posts, read 555,386 times
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Japan- no resource, no land.
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Old 07-24-2017, 06:10 PM
 
Location: NYC
2,063 posts, read 2,169,417 times
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Quote:
Originally Posted by Ethereal View Post
Rich: Australia started as off a penal colony. It's isolated from the world. And yet it has a strong economy and is one of the most livable countries in the world. New Zealand too, for the reason of isolation (although it didn't start out as a penal colony).

Poor: Some countries in subsaharan Africa have excellent natural resources. I'm not sure why they're so poor (particularly South Africa). Mexico, although not that bad by world's economy standards, can also be a lot more richer, considering that its neighbour is the US.
Because culture, and the political system and institutional infrastructure that is developed as a result of it, determines a society's success far more than geography and natural resources. Isn't that pretty obvious?
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Old 07-24-2017, 09:20 PM
 
6,129 posts, read 1,479,628 times
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Quote:
Originally Posted by Fitzrovian View Post
Because culture, and the political system and institutional infrastructure that is developed as a result of it, determines a society's success far more than geography and natural resources. Isn't that pretty obvious?
Woke up on the wrong side of bed?
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Old 07-25-2017, 06:13 PM
 
557 posts, read 318,064 times
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I think culture is the main factor in weather certain countries are rich or poor. Latin American countries have a large abundance of resources but their culture (ie tolerance of political corruption, etc) keeps many countries poor. Even Argentina (and perhaps Greece as well) which used to be considered a developed country has fallen victim to this with the rise of Peron.

Meanwhile you have Iceland, Japan, and South Korea which despite lacking natural resources become one of the most wealthiest countries in the world because their cultures values education and hard work while also demanding accountability.
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Old 07-25-2017, 06:41 PM
 
Location: California and Texas
5,846 posts, read 9,838,835 times
Reputation: 4003
Spain: It's not as rich as the US or even most Western European countries but I can't seem to pinpoint what exactly drives its economy and allows the country to accumulate the level of wealth per person it has right now. Many developing countries that, arguably, contribute far more to the world (on a per capita basis) have far less wealth per capita.

I guess maybe the current economic depression in that country is in the process of "reverting the country to the mean".
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Old 07-26-2017, 06:14 AM
 
Location: western East Roman Empire
5,526 posts, read 9,197,020 times
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Quote:
Originally Posted by ragnarkar View Post
Spain: It's not as rich as the US or even most Western European countries but I can't seem to pinpoint what exactly drives its economy and allows the country to accumulate the level of wealth per person it has right now. Many developing countries that, arguably, contribute far more to the world (on a per capita basis) have far less wealth per capita.

I guess maybe the current economic depression in that country is in the process of "reverting the country to the mean".
Spain has globally competitive agricultural enterprises as well as companies in the infrastructure construction & management, energy, renewable energy, and telecommunication sectors, mainly in Latin America, among others drivers of income.

The above-mean growth in the early/mid-2000s was mainly attributable a domestic residential and recreational construction boom that busted.

Last edited by bale002; 07-26-2017 at 07:23 AM..
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Old 07-26-2017, 08:03 AM
 
Location: São Paulo, Brazil
1,382 posts, read 1,371,930 times
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Portugal is much less rich than it should be.
It's a relatively small country, is democratic and has political stability, has no conflicts, it is located in Western Europe, it has a strong potential for tourism and doesn't lack natural resources. It should be in the same level of development of Denmark or Norway.
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Old 07-26-2017, 09:48 AM
AFP
 
4,924 posts, read 2,603,711 times
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Quote:
Originally Posted by Fabio SBA View Post
Portugal is much less rich than it should be.
It's a relatively small country, is democratic and has political stability, has no conflicts, it is located in Western Europe, it has a strong potential for tourism and doesn't lack natural resources. It should be in the same level of development of Denmark or Norway.
They're too tolerant with the "political class" who are largely corrupt. Some segments also need to get over their rivalry with Spain the regions that border Spain are almost all economically depressed it would behoove those regions to cooperate more with the Spanish towns on the other side of the border many of whom are also economically depressed.
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Old 07-26-2017, 11:28 PM
 
41,874 posts, read 20,382,909 times
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Quote:
Originally Posted by Razza94 View Post
Australia is an enormous country with vast resources, and a relatively small, civilised population. It's obvious why it's rich. New Zealand started out with good government, and it actually isn't as rich as a lot of people seem to believe, but still a well-off nation.

Despite vast resources, sub-Saharan Africa has been playing catch-up for a very long time. European pillaging didn't help, but it did also leave behind modern technology, nation states, and democratic forms of government. The problem now is corruption and very high birthrate.
Nation states and democratic forms of government? That's pretty generous.

The nation states weren't organic, and those borders are pretty arbitrary. They were drawn with little respect to culture, language and ethnicity.

I'm also pretty suspicious of claims that they left behind modern technology too. Sure, those nations were somewhat developed, but the Europeans kept most of what was good for themselves.

That said, Africa has underachieved horribly, but it's been remarkably quiet for a while now. Things may be getting much better.
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Old 07-27-2017, 04:24 AM
 
489 posts, read 203,142 times
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Countries developed and rich: US allies, get funding and trade from US.

Countries not developed and not rich: non-US allies, no funding and no trade from US.

Now you see how China is trying to change world orders.
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