The_Liquid_Laser
Glowy Goopy Goodness
- Joined
- Jul 11, 2007
- Messages
- 3,376
- MBTI Type
- ENTP
Come on, as a fellow ENTP, you should know that we make our best points without ever coming up with a direct statement.
Did Kuwait ever industrialize in a complete sense? Have they developed any sort of industrialized trade beyond that of resource extraction? Is there any sort of manufacturing done in Kuwait? Those are the more important questions.
They have to some degree, and their wealth is the cause of that. However the government owns all of the oil. I tend to think once their oil runs out, that their prosperity will plummet. Granted I think they'll do better than the other oil countries in the Middle East, because they are doing better right now. But they rely too much on oil for their continued prosperity.
However consider Japan. This is a country that is doing extremely well economically in spite of having relatively few resources compared to it's population size. Japan prospers because they have a capitalist economy. They import, manufacture, then export. (And really nowadays they just build factories in other countries.) They don't need native resources (other than human resources) because they can make money buying other people's resources. The key is how the economy works rather than just having a lot of native resources.