Let us give some thoughts as to why some countries are rich and others are poor:
There are only 25 countries out of 196 that are rich!
The obvious question is WHY?
Poor countries have weak institutions that encourage corruption.
There is a direct correlation between poverty and corruption.
That is why they can’t collect enough taxes.
Taxes that are needed for continued developments,
Otherwise causing education, health, police and transport systems to fall apart.
Almost half the wealth of these poor countries goes into offshore accounts.
And the lost revenues total between USD10 to USD20 billion a year.
Because of clan-based thinking, jobs go to people who don’t deserve them.
Where close relatives are rewarded and the truly capable candidates suffer.
All these traps countries into a vicious cycle of poverty that they can’t escape.