1) Political orientation and ideas are the main reasons behind countries wealth. A strong leadership had led Japan to become major economic power after world war II. Its alliance with America also helped it a great deal in acheiving its developed status, 2) The countries which emphasised socialism are very poor even today, Countries that shifted to capitalism have more oppurtunities and joined the free world of trade and commerce. Some socialistic countries do enjoy high standard of living, but there are very few examples. Countries like China and India got rid of socialism and they are enjoying the benefits already, One of the remarkable countries which did this in short time was south korea, which today is one of the richest nations on this planet. ( It changed from communism to capitalism). Government policies largely affect well being of nation. Right now the world is in a very dangerous time, most of the world\'s supply chains are linked to China, Chinese economy is sailing into troubled waters, If the Chinese economy fails at this time, we will see a very different world with a new system of international trade. Solution 1) Political orientation and ideas are the main reasons behind countries wealth. A strong leadership had led Japan to become major economic power after world war II. Its alliance with America also helped it a great deal in acheiving its developed status, 2) The countries which emphasised socialism are very poor even today, Countries that shifted to capitalism have more oppurtunities and joined the free world of trade and commerce. Some socialistic countries do enjoy high standard of living, but there are very few examples. Countries like China and India got rid of socialism and they are enjoying the benefits already, One of the remarkable countries which did this in short time was south korea, which today is one of the richest nations on this planet. ( It changed from communism to capitalism). Government policies largely affect well being of nation. Right now the world is in a very dangerous time, most of the world\'s supply chains are linked to China, Chinese economy is sailing into troubled waters, If the Chinese economy fails at this time, we will see a very different world with a new system of international trade..

1. 1) Political orientation and ideas are the main reasons behind countries wealth. A strong
leadership had led Japan to become major economic power after world war II. Its alliance with
America also helped it a great deal in acheiving its developed status,
2) The countries which emphasised socialism are very poor even today, Countries that shifted to
capitalism have more oppurtunities and joined the free world of trade and commerce. Some
socialistic countries do enjoy high standard of living, but there are very few examples.
Countries like China and India got rid of socialism and they are enjoying the benefits already,
One of the remarkable countries which did this in short time was south korea, which today is one
of the richest nations on this planet. ( It changed from communism to capitalism). Government
policies largely affect well being of nation.
Right now the world is in a very dangerous time, most of the world's supply chains are linked to
China, Chinese economy is sailing into troubled waters, If the Chinese economy fails at this
time, we will see a very different world with a new system of international trade.
Solution
1) Political orientation and ideas are the main reasons behind countries wealth. A strong
leadership had led Japan to become major economic power after world war II. Its alliance with
America also helped it a great deal in acheiving its developed status,
2) The countries which emphasised socialism are very poor even today, Countries that shifted to
capitalism have more oppurtunities and joined the free world of trade and commerce. Some
socialistic countries do enjoy high standard of living, but there are very few examples.
Countries like China and India got rid of socialism and they are enjoying the benefits already,
One of the remarkable countries which did this in short time was south korea, which today is one
of the richest nations on this planet. ( It changed from communism to capitalism). Government
policies largely affect well being of nation.
Right now the world is in a very dangerous time, most of the world's supply chains are linked to
China, Chinese economy is sailing into troubled waters, If the Chinese economy fails at this
time, we will see a very different world with a new system of international trade.