Why are some country's poor and some rich?

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1131512

2026-07-26 14:10

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Beyond all relevant historical/cultural factors, the simplest explanation of why countries are rich or poor is productivity. The economic wealth of a country, to a large degree, depends on its ability to produce goods and services. Since that production is a function of how productive actors are, higher productivity usually translates to higher economic output and thus higher wealth and vice-versa.

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