Why are so many countries in the world “developing” and poor, while essentially only Western countries have a high standard of living?
Why are so many countries in the world “developing” and poor, while essentially only Western countries have a high standard of living?
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There will always be 50% of countries poorer than the 50% richest countries
Imagine 3 people, with different amounts of wealth. 1 of them will always be richer than the other 2 by definition. There’s nothing wrong with this.
The problem comes when richest has much much more than the poorest. There’s little problem if poorest has 1 and richest has 3. There’s a huge problem if poorest has 1 and richest has 1 billion.
It’s not about how we sort countries, it’s about how wealth is distributed.
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