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What Makes Poor Countries Poor?

In the past century, the world has seen countless scientific and technological advancements that have greatly improved the human condition. Thanks to these developments in communications, transportation, medicine and agriculture, the wealth of developed nations has increased at phenomenal rates. Unfortunately, not all countries have experienced these benefits. Many nations still have a per capita GDP of $1000 or less. These countries continue to be poor because they have high barriers to trade and lack a stable government and infrastructure that can foster an entrepreneurial climate.
For many nations it is very common to impose barriers to trade. These come in the forms of high tariffs and quotas that keep foreign imports expensive and protect domestic markets. While in theory they protect a country's workforce, barriers to trade actually make countries worse off economically by preventing them from being active in international trade.......

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Approximate Word Count: 677
Approximate Pages: 3 (250 words per double-spaced page)

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