When looking at the question of why certain countries are rich, researchers sometimes introduce the mythical institutions of democracy and respect for private property. You see, it is institutions and respect that are the reason why some countries are rich and others are poor. Today we will not explain why rich and poor countries arise, we will look at one particular country's path to wealth and prosperity. Next I will tell you why America is so rich and the rest of the world is just jealous of us.
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