Friday, September 28, 2012

How do rich countries become and stay rich?

What I know:
-they tend to be rich with resources as well
-have military dominance
-need a flourishing trade
-U.S. China Britain Japan
-communism (in Russia) often stops wealth from coming in but China was able to use capitalism to become rich
-capitalism
-freedom seems to help
-turmoil in country tends to lead to less money
Why I want to learn about it:
-Africa has many resources but cannot become rich
-Russia is still struggling and is a huge country
-Japan has almost no resources and is very small yet somehow they become rich
-richest country in the world uses oil to stay rich
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9 comments:

  1. Does globalization help or hurt the growing countries' economies?

    ReplyDelete
  2. Does free trade benefit or hurt growing economies?

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  3. does corruption play a role in the wealth of a country?

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  4. how can countries like japan be rich with out many natural resources?

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  5. what economic policy creates the most rich nations?

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  6. Do you have to have a powerful government to become rich?

    ReplyDelete