Post
Topic
Board Economics
Re: How do developing countries end up escaping poverty?
by
Dave1
on 11/08/2025, 07:39:27 UTC
Developing countries escaping poverty is not unheard of and in fact a lot of the strongest economies now are ones that used to struggle before. China used to be called the sleeping giant because it was believed to be of potential. And that was right. But the question is why is it that those countries got out of poverty while some did not?

I believe the difference between the country that made it out of poverty is their determinations to succeed. Why I say this is because it isn't about the natural resources that the country had or discovered because we have countries with all this things yet they aren't escaping poverty. The government of the country have to be determined to help out the nation and that can be done by having good plans that'll help fight against everything that's keeping the country down. The same way we escape poverty as individuals, that's how we can escape poverty as countries but on a large scale. It's the policies of the country that's keeping it poor because as soon as the country begin to have good laws, we'll begin to see foreign investors picking interest in investing in the country and this will help them out.

That's why during reconstruction, like after WWII, we have to elected officials that really knows how to handle their country to get back from the destruction. And we have seen that it can be done, countries that has been devastated has reclaimed their old glory. But it's very unfortunate that most of them didn't because of the old age corruption and they sink decades that it's really hard for them to make recovery.

And probably we will have another argument as what form of government will be better for this corrupt nation? Will a military take over good? Or a authoritative government installed so that everything will change for the better?

It's very hard to answer though, but one thing is for sure, everything can be accomplished if the elected official will not be corrupt by power.