Why does some of the world have some much (Money and benefits), when other parts have so little?

What caused this?

Answer #1

Not exactly sure but I would think countries with the most natural resources tend to be quite wealth off. Take for example, Australia, America, England all have desirable natural mineral resources.

Answer #2

Every country will have its up’s and down’s as there always has to be a negative thing to call something positive and in the same way, there is always a success as there is a failure. Even this is similar to that and some countries are rich while other are not and this will be a cycle and later on this may reverse

Answer #3

That makes sense, but Africa has huge diamond mines and other natual resources.

I notice the three countires that you named, generally all have the four seasons (more or less). I wonder if climate has something to do with it?

Answer #4

It certianly could reverse in years to come.

Answer #5

Africa is a rich continent especially for the prominently white folks over there. How very observant of you regarding the four different season. Maybe you are right; the seasonal climates contribute to the harvesting of the land, which reap the fruits, so to speak for the country. Canada is another wealth of nation, your country export many of the country’s sorts after fishes and let’s not forgets the big logging projects around Canada. Great for the country not so great for the environment when it comes to over logging of forest plantations thou.

Answer #6

Having lots of natural resources alone does not make a country wealthy…or rather, does not make the entire population wealthy. Nigeria enjoys considerable natural resources, but its economy is only starting to improve, and many of its people still live in poverty. Meanwhile, tiny Luxembourg, which has very few natural resources, enjoys the second highest per capita income in the world mostly because it has built an excellent steel producing industry, prosperous banking sector, and has incorporated new technologies into its business world.

It’s difficult to answer this question here, considering entire books have been devoted to the subject (like Adam Smith’s The Wealth of Nations and David Landes The Wealth and Povery of Nations). Basically, the climate of a country, its geographical features, its natural resources, the habits and behaviour of its population, its proximity to other nations and bodies of water, and its economic systems and policies all contribute to its relative wealth or poverty. Some countries build their entire economies around a single crop, resource, or industry, and when there are changes in that, their entire economy booms or plummets. Other countries diversify their economies and have a vibrant middle class which helps generate even more wealth. In some countries, the government’s corruption or bad policies stifle economic growth. And, there have been cases where a country’s economy was almost completely managed by one of its more powerful neighbours. Also, yes, nations can be either blessed or cursed by their geography and climate. So long as monsoonal rains cause the Nile River to flood, Egypt will always be able to produce food, while many of its neighbours in the Sahara have no such fortune. But, a people can overcome their natural disadvantages. Japan, for example, has been able to build one of the largest economies in the world despite having almost no natural advantages. So as you can see, there are many factors :)

Answer #7

because you get countries like America, England, and other western societies taking the natural resources out of the third world countries. which makes them richer and keeps the third wrld poor.

Answer #8

The western countries are running out of natural resources like oil, and the western countries need this to maintain ther standed of living. So the western countries bully the third world and take the natural resources tho maintain our standed of living.

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