Explain why are some countries rich while others are poor

Reference no: EM13246230

Despite the economic progress that the U.S. has observed in thepast century, the standard of living remains extremely low in manycountries. Consider the following regarding poverty in developing countries:

Why are some countries rich while others are poor?
Consider some primary differences between countries which differences do you expect to affect economicgrowth and wealth?

Reference no: EM13246230

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