To: econjack
Why haven't the Third World countries experienced the growth that most of the rest of the world has enjoyed? You need three things for prosperity.
A respect for property, simple legal steps to get the property and a judiciary who supports the ownership of property.
All of those things are missing in the third world.
10 posted on
06/25/2019 9:37:02 PM PDT by
Harmless Teddy Bear
(Human beings don't behave rationally. We rationalize our behavior.)
To: Harmless Teddy Bear
You also need an impartial government not run by nepotism and bribery; a decent educational system; enough food; and decent transport and power distribution systems.
As well as a lack of massive sectarian violence.
Non-confiscatory policies (as well as low enough taxes) help to; as does suppression of monopolies.
11 posted on
06/26/2019 5:21:30 AM PDT by
grey_whiskers
(The opinions are solely those of the author and are subject to change with out notice.)
To: Harmless Teddy Bear
Most third world countries have an average IQ < 90. That is the core problem.
17 posted on
06/26/2019 5:40:00 AM PDT by
central_va
(I won't be reconstructed and I do not give a damn.)
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