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Why some are rich, others are poor – and what it means for future prosperity

  • Written by Amitrajeet A. Batabyal, Distinguished Professor and Arthur J. Gosnell Professor of Economics, Rochester Institute of Technology
Why some are rich, others are poor – and what it means for future prosperityWhat makes a nation wealthy?Getty Images

Why are some nations rich and others poor? Can the governments of poor nations do something to ensure that their nations become rich? These sorts of questions have long fascinated public officials and economists, at least since Adam Smith, the prominent Scottish economist whose famous 1776 book was titled...

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