Why Poor Countries will never become Rich, Unless . . .

It is natural to ask why few countries are poor and continue to do so while other rich countries are getting richer. Let’s keep to rest the present upheavals on the global economic front, brought about by the economic melt down and try instead, to understand the underlying causes of the Poverty of the Nations.

At the core of all poverty lies the unproductive human resource, which could be due to lack of education / training, poor leadership, weak infrastructure or many other such limiting factors. What comes as a startling fact after a series of economic researches is that most of the time the cause for these are the very richness or the endowment of the nation like the mineral wealth or the fertile land mass.

Such Natural endowments have made the local citizen lazy and less productive. Further the developed nations simply extracted the primary commodities from these countries without arranging any value additions in those communities. Once they are left at lower level of productivity, they settle for lower standard of living, leading to no incentive to improve the productivity. Thus it becomes a vicious circle, and the poverty or lower level of income is precipitated in a society or the country.

Isn’t it so surprising that the very natural endowments of a nation can cause the downfall of a nation? Unless one studies the finer points of economics these secrets remain hidden. In fact we can see country after country in naturally endowed African continent and in part of south Asia depending on their primary commodities and suffering the fate of lower growth in Economy.

Right in 1960 it has been well established by great Economists like Recardo that it’s the productivity that determines the development and growth of any economy. This productivity is no longer dependent on land and capital alone but on Technology now.

This technology again is two types: first being the technology embedded into the new machines and new process of production and second being the technology embedded into the human resource through training and skills development.

So far as the productivity of machinery and scientific knowledge is concerned it can be purchased at a price from so many vendors. Similarly the manpower too can be imparted necessary training to some extent. Despite all this we still have nations infested with backwardness and poverty. This is because the common denominator in all this is the basically low productivity of the human resource or the citizenry of a country. This is the most difficult and tedious task to achieve for any country and their Government.

The New Approach to Time Management with the concept of AcNOW® as enumerated in his book “NO Such Thing as Time”by G P Tripathi has shown great potential to uplift the productivity of masses quickly by simply following the easily adoptable methodology.

Productivity could be defined as production or out put with respect to Time. This alone is indicative of importance of efficient Time Management to improve the productivity. Actual production methods can be improved by technology but these days almost every one has access to the best possible technology, thus the sole factor to produce the differential in productivity remains to be the Time Management.

Hence at the core of it all it is this effective Time Management that can lead the entire nations to come out of poverty. this makes Time Management a subject not only to be explored by individuals for personal productivity improvements but also for countries as credible source to liberate them from the curse of poverty.