The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: elmatador	10/27/2019 3:10:53 AM
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Countries get affluent. Older generations leave a better living standards to the new generation. The new generations inherited the wealth. The older generation retires. The younger generation promptly screws up. They start emulating people from rich countries !https://www.siliconinvestor.com/readmsg.aspx?msgid=32389427 Compare Chile and Zambia that are both big copper producers. In 1970, Zambia and Chile were both producing about 680 000 tonnes of copper. Since then, Chile has grown both its mining sector and its economy more than Zambia. Today, Chile produces 8 times as much copper as Zambia, has a larger economy, a lower poverty rate and a higher overall standard of living for its citizens. And it is thanks to its mining industry that the country has been able to grow its economy. “Mining has led the country towards greater levels of wealth and prosperity, and is a large part of the reason why Chile is well on its way to being considered as an advanced economy,” says a 2014 report, The Future of Mining in Chile. According to the World Bank’s 2014 rankings, Chile is now classified as a high-income country, with a Gross National Income (GNI) per head of population of $14 910, while Zambia is classified as a lower middle-income country, with a GNI of $1 680. miningforzambia.com Newer generation in Chile do not know that there are options. Foreign Direct investment into copper mining will go to Zambia !

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