Why is it that the areas or world with the most natural food and mineral resources (i.e. tropical countries) tend to be the poorest? Why aren't currency exchange rates all the same? What is so special about the G8 countries or economies?|||strengh of economies, inflation, devaluation, supply and demand in trade and production rates, determine currency exchange rates.
The economic revolution started in the traditional western and European countries, termed the G8 (for great 8). They built up an advantage which the poorer (tropical) countries cannot catch up to.
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