2006-10-12 01:21:59 · 14 answers · asked by jammy.greeny@talk21.com 1 in Politics & Government ➔ Other - Politics & Government
No amount of money would make them rich unless, like Nauru, they invested it in productive assets, for example (like Nauru in Sydney Australia real estate), for the same reason: they have no comparative advantage and can never have productive, profitable industry on a world scale.
Neither Saudi Arabia nor Congo will ever export widgets to the world. (Saudi Arabia managed to export wheat, of all things, but (like American cotton and corn and rice, although to a greater degree) it's only because it is subsidized, and because they are using up ground water.
For that reason, and because of rampant corruption, no amount of debt forgiveness will ever help most Third World countries improve their lot -- except briefly.
2006-10-12 01:26:50 · answer #1 · answered by Anonymous · 1⤊ 0⤋
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2016-07-21 09:04:30 · answer #2 · answered by ? 3 · 0⤊ 0⤋
It was rich before, the west grew richer and made them poorer, because of industrialization and colonization. In history, the clock will take a full circle at some point of time. Wait. Follow the graph of China and India.
2006-10-12 01:25:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
well, money speaking they would need alot!
but in a matter of fact it is not the money that makes a country
rich ,unfortunately they are bad investors. when the whole world is revolutionary toward scince and knowledge, they invest their money in building high towers ans ski domes in Dubai. or even they will just keep their money in Swiss banks! nothing much is done toward education.... and i think that this is the key to make your country rich!
2006-10-12 23:32:13 · answer #4 · answered by JuDe 2 · 0⤊ 0⤋
It takes much more than money to make a country rich. :-)=
2006-10-12 01:23:35 · answer #5 · answered by Jcontrols 6 · 0⤊ 0⤋
That's a trick question ! Its not the Money that makes a Country
rich ,its how productive its citizens are.
2006-10-12 01:28:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No money. Only native goods, and resources
2006-10-12 01:43:31 · answer #7 · answered by Anonymous · 0⤊ 0⤋
no limit.
it would all end up in the dictator's swiss bank accounts anyway.
seriously, they do not need money. just some honest leaders.
2006-10-12 01:25:36 · answer #8 · answered by cp_scipiom 7 · 1⤊ 0⤋
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2016-07-07 16:42:54 · answer #9 · answered by ? 3 · 0⤊ 0⤋
Home ownership is the number one way of accumulating wealth.
2006-10-12 01:24:49 · answer #10 · answered by Anonymous · 0⤊ 0⤋