http://calabarboy.com/2008/06/29/rich-country-poor-people/ Little conversations about everyday living. Sat, 19 May 2012 04:56:00 +0000 hourly 1 http://wordpress.com/ http://calabarboy.com/2008/06/29/rich-country-poor-people/#comment-116 Mon, 13 Jul 2009 08:27:33 +0000 http://holyreg.wordpress.com/?p=63#comment-116 It doesnt make a difference. there’s no major factors in his question. He’s right. The government is not responsible. Simple.
Your explanations and answers will cause loops and circles that will cause more questions and explanations and it will never end.

]]> http://calabarboy.com/2008/06/29/rich-country-poor-people/#comment-103 Wed, 10 Jun 2009 00:39:15 +0000 http://holyreg.wordpress.com/?p=63#comment-103 You pose a valid question, a question asked by many around the world. I don’t pretend to have the answer, or know that much about your country. But two major factors involved in wealth of a nation are its trade policy (or amount of government interference), and where its wealth is located. The more free the market the easier it is for hardworking people to rise from rags to riches on their own effort. The location of wealth is a large factor also. If the wealth is in the hands of entrepreneurs that is good, because they will create more wealth, by making new companies and jobs that go with those. If the wealth is in the hands of rich families, they tend to hold on to things, because it was their ancestors, or grandparents who worked hard. They can be disconnected from that work ethic.
As far as prices of petrol are concerned that is directly related to supply and demand, and not the wealth of the local people, with the exception of government interference. Peace man.
Hope this helps,

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