Betsy Elliott, Chapter 13, question 4

in the beginning of this chapter Wheelan bring up the issue about how 2 billion people in the world live on $2 a day. Throughout this entire semester I have wanted someone to answer why this has happened and why we aren't doing anything about it. This chapter Wheelan gives us an answers. He says the reason so many people are poor is because their economies have failed them. The poor economies are not creating wealth by taking inputs, including human talent, and producing things of value. And example of this is Pakistan. They spend all this money creating weapons and building bombs but the don't even use any of that money to cure a curable disease in there nation like measles. I love what William easterly said, " wonderful people, terrible governments". Wheelan says there is not a way economists can make poor countries rich.