Why some nations are rich and others poor (2016)

Re:Why some nations are rich and others poor (2016) by mc32 on Monday June 22, 2020 @05:38PM (#23607065)

Argentina and Mexico were almost at parity with the US near the turn of the XX cent. Russia (Federation, Empire, Soviet Union) had and have massive natural resources and yet they lag behind many countries that have vastly fewer resources than they do (Japan, SKorea).

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Re:Why some nations are rich and others poor (2016) by Svip on Monday June 22, 2020 @05:50PM (#23607249)

Poor Mexico, so far from God and so close to the United States.

It didn't help Mexico that they were being heavily exploited by American business interests, to the point where the American ambassador helped having President Madero killed, because he was a little too left-leaning for US business interests. Though, President Taft was quite upset, as Ambassador Wilson had orchestrated it on his own accord.

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Re:Why some nations are rich and others poor (2016) by mc32 on Monday June 22, 2020 @06:01PM (#23607377)

Mostly it’s lack of investment in industrialization and at fist finding a niche and growing from there.

The US was heavily regulated and oppressed by the British and we endured wars against world powers and fought an internal civil war, yet we still came ahead. Russia could have, China could have (and now are catching up).

You can be an empire and colonize and extract and do all kinds of bad things to your enemies but it doesn’t guarantee success (Portugal, Spain). It’s a complicated thing. Some countries get it right and some countries always find excuses.

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Re:Why some nations are rich and others poor (2016) by mythrwy on Monday June 22, 2020 @06:14PM (#23607499)

Ya but that doesn't explain why the US was able to perform this exploitation and Mexico wasn't.

So you have an individual deed, but still no explanation.

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Re:Why some nations are rich and others poor (2016) by tetris11 on Monday June 22, 2020 @05:46PM (#23607191)

Russia has to balance control over commerce, because the US has a tendency of inciting rebellion in other countries. Divide and Conquer and all thag

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Re:Why some nations are rich and others poor (2016) by mc32 on Monday June 22, 2020 @05:51PM (#23607251)

I’m sorry but seeing discontent and rebellion with the backdrop of the Soviets and modern Russia doesn’t earn much in terms of “imbalance”.

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