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Without help from industrialized, wealthy nations, poor countries are trapped in poverty. Because they are poor, they are unable to save, invest, and accumulate capital.
Without help from industrialized, wealthy nations, poor countries are trapped in poverty. Because they are poor, they are unable to save, invest, and accumulate capital. Without much investment and capital, they cannot progress forward and will remain poor. Evaluate this view. Do wealthy, industrialized countries have a duty to help poor countries? Why or why not? People are poor because they do not have enough money. But central banks restrict the supply of money in existence. If central banks created more money and thus made it so people had more money, poverty could be eradicated. Evaluate this view. Do you think it reflects sound economics? Why or why not? https://www.capitalismmagazine.com/2021/08/ex-soviet-republic-of-georgia-a-remarkable-success-story/ https://youtu.be/cXnN8ZXKTE0 https://youtu.be/CQX7I7plWKs https://youtu.be/zpjxElfNpks
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