Why do least developed countries have extremely low incomes and quality of life?

Many are worried about why there is such a big difference in economic development and living standards between developed and developing countries, and whether the third world countries will ever catch up with the G7. The fact is that many of the world’s poorest countries are in what is called a vicious circle of poverty. Low per capita income of the population leads to a low level of demand for goods and a low level of savings. They are the reason for the low level of investment in production, in training people. These factors, of course, lead to low labor productivity and low per capita income. The circle is complete. Many developing countries do not have a banking system, education system and training of specialists. And most importantly, mentality! Most of the world’s poor countries are in tropical latitudes, where there is no winter. Many of them are rich in natural resources. Despite the seemingly favorable conditions, they are poor. Remember your condition on a hot July day, most likely you do not want to do anything, just lie in the shade. You are not in danger of a long, cold, hungry winter and there is nothing to worry about. Most of the inhabitants of tropical countries are apathetic and passive, often do not want to change anything in their lives. Nature itself influenced this.