This in an excerpt from this book
A frequently asked question is – what makes a country richer than the others. How could some countries be so flourished where technology has reached a zenith and continues to improve while some countries still struggle to get a basic internet connection. For years economists have tried to get into the depth, seeking for answers which seem to be warped. There are different points and conditions that help in a country to be more developed and better in economic conditions than the others. Culture, political conditions, geophysical location on the globe, natural calamities, society and natural resources are some of them. The fact on how rich a country is can be determined by its Gross Domestic Product or GDP per capita at nominal values. Countries compete amongst each other to reach the frontline in the long race of progress and development and to be the number one in the world. The list of the richest countries tends to change every year depending on how much luck, nature and politicians have helped in keeping them ahead of everyone.
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