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Rich vs Poor: How Effectively do Nations Use Their Resources?
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Rich vs Poor: How Effectively do Nations Use Their Resources?
By Reihshan Deen* COLOMBO, Sri Lanka | 13 June 2025 (IDN) — Why are some countries rich and others poor? An age-old question in economics, with numerous hypotheses suggested as answers. It is clear that being richly endowed with natural resources is not a reliable indicator; D.R. Congo lies atop substantial mineral wealth, yet its people are among the poorest in the world. Conversely, Japan is noted for lacking natural resources and ranks among …
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