Government corruption might be part of the issue but, in terms of dollars, the level of corruption in The Democratic Republic Of Congo is probably much less than it is in the US and they seem to be doing quite well.
The international bankers and financiers will be an issue, though. One of the things they recommend for poor countries with lots of resources is that they encourage large, foreign corporations to some to their country. To make that likely they recommend reducing the amount of tax the country takes from those corporations to almost zero.
So, they come in, take all the natural resources and keep all the money. None of it finds its way back to the government of that country.
it must be the people and their culture, eh? Look at Japan -- no natural resources to speak of except the sea and they're first world. Singapore -- same.
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Government corruption might be part of the issue but, in terms of dollars, the level of corruption in The Democratic Republic Of Congo is probably much less than it is in the US and they seem to be doing quite well.
The international bankers and financiers will be an issue, though. One of the things they recommend for poor countries with lots of resources is that they encourage large, foreign corporations to some to their country. To make that likely they recommend reducing the amount of tax the country takes from those corporations to almost zero.
So, they come in, take all the natural resources and keep all the money. None of it finds its way back to the government of that country.
EDIT: Go to the 33 minute mark in this documentary for more info: https://www.youtube.com/watch?v=np_ylvc8Zj8
it must be the people and their culture, eh? Look at Japan -- no natural resources to speak of except the sea and they're first world. Singapore -- same.
Corruption in the government.