Why are some countries rich and others poor?

[HannibalBarrcas]

[African economies, GDP per capita by PPP as of March.]

[thegoodshepherd]

Applying this to Somalia gives you an understanding of why it is so poor. Virtually no institutions, taking out 50% of possible wealth.
And absolutely backward and fatalistic thinking about religion, taking out another 20% of possible wealth. The only good thing Somalia has going for it is two permanent rivers that are marginally suitable for agriculture.
Somalia will be poor for a long time until something revolutionary happens.

[Jugjugwacwac]

The most important factor in the wealth of nations is human capital, more so than natural resources, geographic location, climate, arable land, livestock, fresh water etc. And the most important factor in the development of human capital is the average intelligence of the population in a given country. Case in point, Singapore - a model country (has nothing except human capital largely due to high IQ of Singaporeans) vs Nigeria - majority of population living in poverty (has everything except human capital due to low IQ of the natives, except the Igbo).

[thegoodshepherd]

The most important factor in the wealth of nations is human capital, more so than natural resources, geographic location, climate, arable land, livestock, fresh water etc. And the most important factor in the development of human capital is the average intelligence of the population in a given country. Case in point, Singapore - a model country (has nothing except human capital largely due to high IQ of Singaporeans) vs Nigeria - majority of population living in poverty (has everything except human capital due to low IQ of the natives, except the Igbo).

I agree with you to some extent, average intelligence of a population is predictive of economic development.
But Somalis probably have an IQ that is somewhat higher than the African average. The average sub-saharan GDP per capita is close to $1,700, which is also what the average Djiboutian makes in a year. Djibouti, which is more arid than even Bari, is able to have an average per capita GDP higher than Kenya, a country richer than Djibouti in every resource.

What I am trying to say is that Somalis have sufficient IQ to reach middle income status of GDP per capita around $3,000-$4,000.
We are not even close to reaching the point where our average IQ is hindering development.

[Jugjugwacwac]

The most important factor in the wealth of nations is human capital, more so than natural resources, geographic location, climate, arable land, livestock, fresh water etc. And the most important factor in the development of human capital is the average intelligence of the population in a given country. Case in point, Singapore - a model country (has nothing except human capital largely due to high IQ of Singaporeans) vs Nigeria - majority of population living in poverty (has everything except human capital due to low IQ of the natives, except the Igbo).

I agree with you to some extent, average intelligence of a population is predictive of economic development.
But Somalis probably have an IQ that is somewhat higher than the African average. The average sub-saharan GDP per capita is close to $1,700, which is also what the average Djiboutian makes in a year. Djibouti, which is more arid than even Bari, is able to have an average per capita GDP higher than Kenya, a country richer than Djibouti in every resource.

What I am trying to say is that Somalis have sufficient IQ to reach middle income status of GDP per capita around $3,000-$4,000.
We are not even close to reaching the point where our average IQ is hindering development.

I agree with u saaxiib. Illaahay caqli wuu ina siiyay, diidnay se inaynu isticmaalno.

[Damat]

I agree with you to some extent, average intelligence of a population is predictive of economic development.
But Somalis probably have an IQ that is somewhat higher than the African average. The average sub-saharan GDP per capita is close to $1,700, which is also what the average Djiboutian makes in a year. Djibouti, which is more arid than even Bari, is able to have an average per capita GDP higher than Kenya, a country richer than Djibouti in every resource.

What I am trying to say is that Somalis have sufficient IQ to reach middle income status of GDP per capita around $3,000-$4,000.
We are not even close to reaching the point where our average IQ is hindering development.

Ignorant somalinimocentric chest-thumping. Using GDP to compare a country of 42 million people with Djibouti's population of 800,000 is dumb. Kenya's middle-class is so much bigger than most African countries and the state of infrastructure is quite developed. And for your information, 70% of Kenya is very arid.

[PrinceDaadi]

I highly doubt it has something to do with IQ, most of world's population have got more or less same IQ provided that you exposed them same environment.

In the 90s and early 2000s Zimbabwe was a rich country but due to Zimbabwe's attempt to distribute land, western sanction and poor leadership has brought down Zimbabwe's economy.

Kenya has got everything to be a rich country:- a growing middle class, a strong private sector and energetic skilled man power, it has got everything to be a successful country except a leadership with vision.

If you want to know how to lift a country out of poverty you can study Singapore, South Korea, Malaysia and Irland. Each of these country has taken different path but they shared one thing a vision a place where they r going and they built institution to serve that vision.

Those of you who r interested more of this can read this book, a lot has changed since it was written but the basic concept is still same.

[thegoodshepherd]

Ignorant somalinimocentric chest-thumping. Using GDP to compare a country of 42 million people with Djibouti's population of 800,000 is dumb. Kenya's middle-class is so much bigger than most African countries and the state of infrastructure is quite developed. And for your information, 70% of Kenya is very arid.

I Just used it to show that Somalis are perfectly capable of reaching lower-middle income status. Kenya is a poor country by African standards, and having a few thousand out of 50 million be millionaires does not change this fact. The only region within Kenya that is remotely developed is Central province, which has sucked dry the rest of the country for its own development.

[Basra-]

I highly doubt it has something to do with IQ, most of world's population have got more or less same IQ provided that you exposed them same environment.

In the 90s and early 2000s Zimbabwe was a rich country but due to Zimbabwe's attempt to distribute land, western sanction and poor leadership has brought down Zimbabwe's economy.

Kenya has got everything to be a rich country:- a growing middle class, a strong private sector and energetic skilled man power, it has got everything to be a successful country except a leadership with vision.

If you want to know how to lift a country out of poverty you can study Singapore, South Korea, Malaysia and Irland. Each of these country has taken different path but they shared one thing a vision a place where they r going and they built institution to serve that vision.

Those of you who r interested more of this can read this book, a lot has changed since it was written but the basic concept is still same.

I agree with u! Leadership vision is very important. Also a good governance is necessary--whether democratic or communist--it doesn't matter. Although--in democratic ---a society richness can be infinite. United States is number one because their democratic governance assures stability for life. US dollar is dependable because the government is dependable, simple as that. African leadership has no vision, no one thinks of his brothers keeper. Nepotism and corruption is stagnation.

[libaaxyare]

you don't have to be economist or smart to make a country wealthy or Rich, its very simple all you need is to use this following 6 rules and your poor country will be Supper Rich.


1.Create central and private banks that you the government control
2. Government central Bank and Private bank then print a pater "Money" Tin Air and use it to empower your country's own government and private banks, companies, government institutions etc.


3. government and aswelll your private companies then use the tin air fake money to make deals for cash development or aid or drill natural resource deals and steal wealth from developing countries by taking their resources and giving this fake money " tin Air"

Also use the same ting air money to

4.circulate the economy create jobs invest large scale farming to accumulate countries needs, produce large amount of genetically modified food export to other countries and get hard earned cash.

5. out smart Western countries apply same technique and make sure they don't label you a corrupted

what you see right there is the system the so called ropers and thieves of the developed countries use. their robbery and deceives are justified and as long as you use it plus out smart their road blocks you will come out a winner rich country.

case closed.

[Damat]

Ignorant somalinimocentric chest-thumping. Using GDP to compare a country of 42 million people with Djibouti's population of 800,000 is dumb. Kenya's middle-class is so much bigger than most African countries and the state of infrastructure is quite developed. And for your information, 70% of Kenya is very arid.

I Just used it to show that Somalis are perfectly capable of reaching lower-middle income status. Kenya is a poor country by African standards, and having a few thousand out of 50 million be millionaires does not change this fact. The only region within Kenya that is remotely developed is Central province, which has sucked dry the rest of the country for its own development.

Sucked what from the rest of the country? Do you have a comprehension problem? 70% of Kenya is semi-desert, Kenya's economy is built on agriculture (horticulture & Tea/Coffee sold to Arab countries & Europe) specifically grown in Central Kenya & some parts of Rift Valley. Kenya's foreign earnings are generated in Central Kenya dummy.
In any case, Kenya has new laws, new constitution, power has been taken away from the central government to regional governments, money is given to all regions, infact North Eastern has been allocated by far the most money in the last two National budgets, development is springing up equally across the country. Get your facts right before joining your friends here in spreading lies & negativity about Kenyans every goddam day!

[libaaxyare]

China build strong economy by using same technique the west use and out smarting them by any means not to be labeled corrupted by the same western corrupted countries, china uses same method uses private companies own by the government to steal africas wealth and give back development and you guess it right give this mpoor nations money made from tin air.

China in Africa: how Sam Pa became the middleman

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For a decade, Sam Pa has opened doors for Beijing in Africa. But his story reveals a troubling side to China’s ambitions. An FT investigation by Tom Burgis
Sam Pa©AP/ Getty/ Eric Nathan

Clockwise from bottom left: Angolan oil drilling; Sam Pa in May 2014; 88 Queensway, Hong Kong; port in Conakry, Guinea; uncut African diamonds.

On his way home from Nelson Mandela’s memorial service in December, Ernest Bai Koroma, the president of Sierra Leone, stopped off in Angola to discuss an investment in his war-scarred nation. Fellow guests in the dining room of a golden skyscraper in the centre of Luanda, one of the towering edifices that an oil boom has raised above the slums of Angola’s capital, observed Koroma in rapt conversation with the Chinese man seated to his right.
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The short 56-year-old had a receding hairline and a neat goatee beard. He wore a black suit, a red tie and rectangular spectacles. He goes by at least seven names and keeps a lower profile than the Chinese dignitaries who have visited African capitals to trumpet Beijing’s burgeoning alliance with a continent whose oil and minerals have helped feed China’s phenomenal economic growth. Most commonly, he is known as Sam Pa.

Over the past decade, Pa has risen from obscurity to clinch deals across five continents worth tens of billions of dollars. He has helped to build from scratch a sprawling network of companies linked by common owners, directors and a registered address at 88 Queensway in Hong Kong. Those who have followed the network’s evolution have dubbed it the “Queensway group”.
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The group is in business with BP, Total and the commodity trader Glencore; it boasts interests stretching from Indonesian gas and oil-refining in Dubai to luxury apartments in Singapore and a fleet of Airbus jets; it is active in North Korea and Russia. It comprises a web of private and offshore companies underpinning two main enterprises: China Sonangol, which is principally an oil company (although it also owns the former JPMorgan building opposite the New York Stock Exchange on Wall Street) and China International Fund, an infrastructure and mining arm, whose flag flies above the entrance to Luanda’s golden skyscraper. To resource industry insiders who have encountered it, Pa’s multinational operation is both a “ghost” and “a heck of an empire”.

That empire has its foundations in Africa, where the Luanda skyscraper serves as its resplendent base. Pa is not listed as a shareholder or director of any Queensway company but he does act as the network’s representative in meetings with presidents, sheikhs and tycoons. He has garnered power and wealth by making himself a middleman in China’s courtship of Africa – the development that has transformed the politics and prospects of the world’s poorest continent more dramatically than anything since the end of the cold war.

Chinese officials have repeatedly denied any link between their government and the Queensway group’s activities in Africa. But a Financial Times investigation, based on corporate records, leaked documents and interviews on four continents, has established that Pa and his associates have connections to powerful interests in Beijing, including Chinese intelligence and state-owned companies. The Queensway network has played a pivotal role in advancing China’s African quest.

this story is too long post all here read more bellow link

http://www.ft.com/cms/s/2/308a133a-1db8 ... abdc0.html

[AgentOfChaos]

The fucked up present day distorted standards of "richness" is set up the already rich and powerful countries centuries ago. This superficial characterization of countries is nothing more than a tool for the f-king "elite" countries to make themselves feel good at the expense of others.

[Givejeffofree]

Hey i think rich countries are rich and poor countries are poor because the rich rich the poor into poordom which porpordiums the richpoor poorblemrichrich

[HannibalBarrcas]

The fucked up present day distorted standards of "richness" is set up the already rich and powerful countries centuries ago. This superficial characterization of countries is nothing more than a tool for the f-king "elite" countries to make themselves feel good at the expense of others.

I don't really care too much about 'richness', I just don't want to see Africans get left behind in development and standard of life. We can't rely on our natural resources forever.