Asian Spectator

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Wealth of nations: 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
Wealth of nations: 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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  1. Helping Afghanistan after earthquake will be hard: 3 questions answered
  2. Supreme Court sweeps aside New York's limits on carrying a gun, raising Second Amendment rights to new heights
  3. The Supreme Court tends to save the biggest rulings for last – a constitutional expert explains a few good reasons
  4. Would closing the 'boyfriend loophole' in gun legislation save lives? Here's what the research says
  5. Red flag laws saved 7,300 Americans from gun deaths in 2020 alone – and could have saved 11,400 more
  6. Only about 1 in 5 engineering degrees go to women
  7. Federal gas tax holiday: Biden says it will provide ‘a little bit of relief’ – but experts say even that may be a stretch
  8. Yes, fireworks prices are skyrocketing, but there should be plenty of bottle rockets and sparklers for you and your family this Fourth of July
  9. Demolishing schools after a mass shooting reflects humans' deep-rooted desire for purification rituals
  10. What is BPA and why is it in so many plastic products?

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