The Differences Between Rich and Poor Countries

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The Differences Between Rich and Poor Countries

More economically developed countries are richer. This means that the

countries make more money and the people in the countries have more

money to spend on health, education, food and luxuries. People in

these countries earn enough money so that they can borrow even more

and buy their own houses and cars. They do jobs in the service

industries, which mean they help people, like teachers and doctors.

Less economically developed countries are poorer. That means that the

countries make less money and the people in those countries have

little money to spend on health, education, food and luxuries. People

in these countries often grow their own food to feed themselves and

their families. This means that lots of people in less economically

developed countries are farmers.

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Why Are Some Countries So Poor

There are lots of reasons why some countries like Africaand the Indian

sub continent are so poor.

Here are a few of these reasons:

Ø They are mostly old colonial countries. This means that they used to

be ruled by one of the rich countries. E.g. Britain used to rule over

India. During that period of time the country was exploited by

removing the valuable natural resources and not paying a fair price

for them.

Ø Since many of these countries have become independent they still

haven't been treated very well. Natural resources, like iron ore, are

still bought from them by richer countries which do not pay very much

for them. Raw materials are generally quite cheap. They are then

turned into something useful and sold back for a very high price. This

means that the poor countries actually get poorer.

Ø As well as the rich countries actually exploiting the poor ones they

have international debt. Many poor countries have borrowed billions of

pounds from the rich countries which charge huge amounts of interest

on the loans, thereby increasing the gap between rich and poor.

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