• labbbb@thelemmy.clubOP
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    10 months ago

    But the USA and western EU countries are rich, but, for example, China, India, Russia, Vietnam, Nigeria, Mexico and others are not very rich, how is this possible?

    Even New Zealand is rich, but other island countries are not.

    Is it all culture or not?

    • dragontamer@lemmy.world
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      10 months ago

      Is it all culture or not?

      Culture and wealth. But wealth creates better culture, and better culture makes more wealth.

      Only Russia seems to be the only country doing things wrong in your list btw. I expect China, India, Vietnam, Nigeria, and Mexico to all be richer in 10 years than they are today.


      It takes a lot of hard work, smarts, and money to catch up but countries like those are scrappy and are doing good work to catchup. China is a bit risky, I think they’re funding it with too much debt though in weird ways, but their hearts and minds are at least in the right place with regards to expansion of their country, economy, and education.

      China’s main problem is corruption. But everyone’s got corruption issues,.