Saturday, August 04, 2012

Why Countries Remain POOR

Economies have to PRODUCE SOMETHING OF VALUE, and they must EXPORT THESE ITEMS, or CONVINCE PEOPLE WITH ACTUAL CURRENCY TO VISIT. The simplest example of this sort of behavior is looking at a country that produces little of value to the outside world, that no one wants to visit, and how poor that country is. Go to Africa or South or Central America or Asia and visit one of these areas. The situation is grim.

These poor countries are almost always associated with lousy government, because it is human nature to want to better yourself and people everywhere are intelligent. When given a chance, they will work to grow or build something of value so that they can sell it in order to try to lift themselves out of grinding poverty. However, if the country has no infrastructure, no security, and puts punitive short-term economic controls on the country or currency, this limits people’s ability to improve their situation.

http://chicagoboyz.net/archives/31472.html



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