The basic economic problem is not the scarcity of resources but poor leadership and mismanagement, although the lack of the resource can contribute. We've seen many countries blessed with the needed resources and even populations that should have been used to their advantage but are very poor. Go to Africa and Asia to confirm that. And we've seen many countries with very little resources flourish. Go to Japan and Barbados among others to confirm. I can't help but agree with this. It's not just a lack of resources that causes economic problems for a country, but it's more about how the resources are managed. Many countries are blessed with excessive natural resources, but they are still pretty backwards; they don't even come among the developing countries. Why? It's because the ones in power have no idea how they must use the resources to make the economy better. Those who were in power in earlier years sold most of the resources and the places where they are found to other countries and now are only getting a small commission on whatever is found or taken out of those lands. It's unfortunate, but it's the result of poor management. If leaders were more into making their countries better than thinking about personal benefits, their countries wouldn't face economic hardships. You are correct I know several countries that has good nature resources and are still suffering from economic crises due to lack of proper management and bad governance meanwhile the people in control of this are only concern about their own interest, the world is supposed to be a better place but the people in control the representative of the masses are the ones making things seems very difficult you will see a society bless with Oil and it look as if nothing is happening in the society, so the main cause of this economic problem in the most society today is cause by the leadership, the representative and community chairmen and all the rest of the head department.
The basic economic problem is not the scarcity of resources but poor leadership and mismanagement, although the lack of the resource can contribute. We've seen many countries blessed with the needed resources and even populations that should have been used to their advantage but are very poor. Go to Africa and Asia to confirm that. And we've seen many countries with very little resources flourish. Go to Japan and Barbados among others to confirm. I can't help but agree with this. It's not just a lack of resources that causes economic problems for a country, but it's more about how the resources are managed. Many countries are blessed with excessive natural resources, but they are still pretty backwards; they don't even come among the developing countries. Why? It's because the ones in power have no idea how they must use the resources to make the economy better. Those who were in power in earlier years sold most of the resources and the places where they are found to other countries and now are only getting a small commission on whatever is found or taken out of those lands. It's unfortunate, but it's the result of poor management. If leaders were more into making their countries better than thinking about personal benefits, their countries wouldn't face economic hardships. You are correct I know several countries that has good nature resources and are still suffering from economic crises due to lack of proper management and bad governance meanwhile the people in control of this are only concern about their own interest, the world is supposed to be a better place but the people in control the representative of the masses are the ones making things seems very difficult you will see a society bless with Oil and it look as if nothing is happening in the society, so the main cause of this economic problem in the most society today is cause by the leadership, the representative and community chairmen and all the rest of the head department.

The basic economic problem is not the scarcity of resources but poor leadership and mismanagement, although the lack of the resource can contribute. We've seen many countries blessed with the needed resources and even populations that should have been used to their advantage but are very poor. Go to Africa and Asia to confirm that. And we've seen many countries with very little resources flourish. Go to Japan and Barbados among others to confirm. I can't help but agree with this. It's not just a lack of resources that causes economic problems for a country, but it's more about how the resources are managed. Many countries are blessed with excessive natural resources, but they are still pretty backwards; they don't even come among the developing countries. Why? It's because the ones in power have no idea how they must use the resources to make the economy better. Those who were in power in earlier years sold most of the resources and the places where they are found to other countries and now are only getting a small commission on whatever is found or taken out of those lands. It's unfortunate, but it's the result of poor management. If leaders were more into making their countries better than thinking about personal benefits, their countries wouldn't face economic hardships. You are correct I know several countries that has good nature resources and are still suffering from economic crises due to lack of proper management and bad governance meanwhile the people in control of this are only concern about their own interest, the world is supposed to be a better place but the people in control the representative of the masses are the ones making things seems very difficult you will see a society bless with Oil and it look as if nothing is happening in the society, so the main cause of this economic problem in the most society today is cause by the leadership, the representative and community chairmen and all the rest of the head department.

The basic economic problem is not the scarcity of resources but poor leadership and mismanagement, although the lack of the resource can contribute. We've seen many countries blessed with the needed resources and even populations that should have been used to their advantage but are very poor. Go to Africa and Asia to confirm that. And we've seen many countries with very little resources flourish. Go to Japan and Barbados among others to confirm. I can't help but agree with this. It's not just a lack of resources that causes economic problems for a country, but it's more about how the resources are managed. Many countries are blessed with excessive natural resources, but they are still pretty backwards; they don't even come among the developing countries. Why? It's because the ones in power have no idea how they must use the resources to make the economy better. Those who were in power in earlier years sold most of the resources and the places where they are found to other countries and now are only getting a small commission on whatever is found or taken out of those lands. It's unfortunate, but it's the result of poor management. If leaders were more into making their countries better than thinking about personal benefits, their countries wouldn't face economic hardships. You are correct I know several countries that has good nature resources and are still suffering from economic crises due to lack of proper management and bad governance meanwhile the people in control of this are only concern about their own interest, the world is supposed to be a better place but the people in control the representative of the masses are the ones making things seems very difficult you will see a society bless with Oil and it look as if nothing is happening in the society, so the main cause of this economic problem in the most society today is cause by the leadership, the representative and community chairmen and all the rest of the head department.