by Simon Black
Sovereign Man
“What is it about this place that makes it so poor?”
It was a simple question posed to me by a friend as we walked the streets of Managua, Nicaragua earlier this week.
Nicaragua is a lovely place. But it’s poor. Very poor. It’s the least developed economy in Central America… and that’s saying something.
But it’s worth considering: what makes an economy like Nicaragua so poor? And what makes others so wealthy?