gold trading singapore

Rich in natural resources, but still in development?

Why some countries are rich in natural resources but remain poor? and others have virtually no considred and be in the major countries? For example, Singapore is a small island with virtually no natural resources, has a huge population and is still growing. (I know they are great in commerce and that is why they are rich) and then as many African countries are rich in trace gold, diamond and platinum, (South Africa) and sturggling. ps this is what I think I know ..... Many African governments are corrupt, it is his war civilian infrastructure is in ruins of civil war, education is poor, but Dose anyone know something more specific.

I will suggest a line of logic for you, but can not prove. I studied economics, history and sociology years. In this study, I asked myself the same question. Here is my personal answer to this question: 1) Culture and / or religion 2) the stability and / or oppression of the government of the countries that have a culture (often is coincidental with their religion) that encourage experimentation and research as well as freedom of thought and personal rewards seem to go better than the economically crops and / or religions that are more rigid and legalistic. There are many examples of what I think. Let me give you an example close to home. Europe North and Protestantism has been more open to the south of Europe and Catholicism. Look at Argentina, a country with many natural resources, but with a background of southern Europe compared with North American culture is largely influenced by Northern Europe. Even Catholicism in North America more open than South America. Now place on top of the culture and stablity of government and has a formula for success or failure. Style government and open government ecourage or discourage development. The more open the government's contribution to the growing economy will be. America North has been characterized by stable governments made open by the people through elections. South America has been more closed, dictatorial governments. South America has also experienced less stability in their governments. Stability is important because it provides predictability. The predictability for making long term decisions ecourages long-term investment. And the long-term investments are essential for development. Now, compare China with Singapore and Japan. I think that the oppression of the Chinese government has delayed development. They do not believe a lot of resources have more natural to do with anything. Even the central control seen in China today, making its current growth somewhat suspect. If freedom and the opening is not developed, China is a limit to its growth. If humans have the right to innovate, they will, in particular if you are personally rewarded. "Adam Smith and the invisible hand" works when allowed.