What are the differences between rich and poor nations?

Question

I want to know what differences there are betwwen rich and poor nations. please can sombody give me an idea!

Answer 1

Rich nations are those who either have an abundance of natural resources, such as oil, forest products, minerals, precious commodities...or the ability to produce for sale to other nations.

Poor nations are lacking in any or all of above.

Through the spreading of capitalism, poorer nations now can see a brighter future as they adopt many tried and true systems by which capitalism enriched the Western countries ( i.e. U.S.A., Great Britain, Europe, Japan).

One caveat, however, those nations like U.S.A. and Japan have huge debt, so their wealth is compromised by the enormous debt they carry.

With emergence recently of China and India taking on capitalism by storm, it could be a trend that can see these over populated nations become wealthier than those who carry too much debt.

Answer 2

Rich in what ? Money doesn't generate a harmonious society. You should simply travel and explore for yourself the differences. I can assure you that the poorer financially countries will inspire you spiritually far more than the like of UK or USA. In fact it is another world altogether. Hopefully, as with myself your whole sense of values will change forever and you will see the disgusting traits of consumerism and capitalism. Go and visit some poorer countries and when you return you will see what I mean and will find out where the demons really are ! Try some volunteer work in Asia,an orphanage for example. Hopefully then, you too will be a true Free Spirit !

Answer 3

Citizens in a rich nation work for a living.
Citizens in a poor country are either too ignorant or just bone bloody idle

Answer 4

The poor nations currency is being supported by the richer nations currencies. Although this diminishes the richer currency they continue to do this! Example the Chinese are supporting the US dollar and will continue to do so until they realize they are getting screwed in the process and then they will stop and the dollar will drop to an all time low in value!

Answer 5

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Answer 6

America>Cambodia

Answer 7

Political stability - most of the poorest countries in the world are rich in resources but are torn apart by civil wars.

Answer 8

Look at china india russia : all embraced communist system.

Free nations need to embrace free trade, free market.

note the rich nations are free nations with free trade free market.

Answer 9

More church attendance correlates to lower standards of living, due to lower rates of GDP growth.

Protection of free speech is very important. This leads to better government.

Copyright & patent rights are very important. This leads to greater technological innovation.

It also helps to have a strong military, as long as it doesn't control the government, but rather is controlled by the government.

A workaholic population is also very important. More work per week leads to higher rates of economic growth.

Also, high rates of investment/saving are very strongly correlated to high rates of economic growth.

Answer 10

Money. The richer nations have more than the poorer nations. Opportunity creates wealth. In the US we have unlimited opportunity and therefore some people have almost unlimited wealth.