Why Some Countries Are Poor and Others Rich

in esteem •  5 months ago

On the surface, corruption and colonialism are often blamed for why some countries are extremely poor. The argument is usually that the poor countries, having experienced colonialism, are plagued with corrupt leadership. Whereas, most of the rich countries were former colonial powers and run a relatively accountable government.

While these factors may have played some roles in the impoverishment and prosperity of nations, there are greater factors that account for the poverty and prosperity of nations. In this insightful video, which you will see shortly, a more pragmatic and scientific explanations are given regarding why some countries are quite poor while others are sufficiently rich.

We see fresh insights such as variant belief systems, institutions, meritocracy, geography, etc. I hope that you'll find the accompanying video quite educative and insightful.


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