My opinion about the poverty and wealth of the countries, based on a very interesting book.

in #economy6 years ago (edited)
Hello friends from the Steemit community! In previous days I started to explore the site and upload my presentation posts, my native language is Spanish and, one of my posts is about countries that fail and countries that thrive in their economy; So I decided to share that post also in English which includes a brief analysis of a very interesting book, called "Por que fracasan los países", its authors are: Daron Acemoglu and James A. Robinson.

fracaso.png

Here is a review of his first chapter: called So close and yet so far away.

In this chapter we talk about so close and, however, so different in which the cities are located, they focus on the city of Nogales that is divided in two. One is in the North, Arizona, the United States, and the other in the South, Sonora, Mexico. Physically separated by a fence and with the same population, culture, climate and geographical situation, I do not see any difference, but they live lives of such different qualities, differences in income, as their institutions are different. In Arizona Most teens go to high school and most adults have high school. Despite all the controversy generated by the shortcomings of the health system in the United States, the population is relatively healthy, and has a high life expectancy according to world criteria. They have public services and can carry out their daily activities without fearing for their lives or safety and do not have a constant fear of theft, expropriation or other things that could endanger investments in their businesses and homes. Democracy is something natural for them, but what happens in the South (Sonora) there life is a bit different. Most adults do not have a high school diploma and many teenagers do not go to high school. Mothers worry about the high rates of infant mortality. Public health conditions are poor, they do not have access to many public services. There is a lot of crime and opening a business is a dangerous activity. Besides running the risk of being robbed, they live daily with the corruption and ineptitude of politicians. But why does this happen? If they are so close because there are different income opportunities, government corruption, their inability to offer public services and the lack of equal opportunities in their country.

It focuses on the joint evolution of political and economic institutions, as well as their good and bad leaders of political and economic behavior and the changes of course brought about by historical events at critical moments such as those we live in, in one of the most continents unequal world and that undermined much of its potential.

Throughout the Spanish colonial world in America, similar institutions and social structures appeared. After an initial phase of greed and looting of gold and silver, the Spaniards were dedicated to exploiting the indigenous peoples expropriating their land, forcing them to work, offering low wages despite the fact that these institutions generated a lot of wealth for the Spanish Crown and rich to the conquerors and their descendants.

Nowadays, governments do not focus adequately on favoring the growth of countries with adequate policies; It has always been a greed for the exploitation of natural and mineral resources that favor the growth of a country, but that fail when these institutions fail to adapt to changing times. Government corruption, its inability to offer public services and the lack of equal opportunities in its country. In every moment and place, powerful people always try to take control of the government, undermining social progress in favor of their own greed.

In this issue we can observe certain nefarious regimes fall into a vicious spiral that think that the economic destiny of a country is predetermined by the geographical situation or the cultural legacy of our ancestors, are enough to reveal why some countries are successful and others are not. Not even that their leaders do not know what to do to produce wealth, which determines whether a country is rich or poor depends on the Institutions, politics, economy and respect for private property and that it has an authentic Rule of Law with a plural and open political system, with competition among candidates to occupy political positions.

Thanks for reading friends of steemit! if you take your time reading the book you will see that it can become very interesting, leave me in the comments that you think about what makes some countries get rich while others continue stubbornly in poverty? I await your votes and opinions, greetings!

If you liked my post and want to know more about my visit my blog

PD: "You have to tell the politicians that they are going to leave, but that we are going to stay, that's why we want education. We are the citizens who have to demand an education that protects us, that offers us better possibilities for the future." Fernando Savater.

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