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John Waelti: Changing institutions encourage current wealth gap
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Differences in performance of nations in affording quality of life for their citizens lay in its institutions - economic, political, judicial, education, and all the rest. While it is beneficial to have a rich natural resource base, it is not determinant as some rich nations do not have a rich natural resource base, and some resource-rich nations remain poor. Nor can a nation's performance be attributed entirely to having highly trained people with good work ethics, for such people can be found the world over, including in poor nations.

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