I'm impressed this article basically explains why do I live in a poor country.<p>I live in Ecuador (South America). Our land is packed with high-quality oil, virtually unlimited food and impressive biodiversity (google "yasuni").<p>Although our country looks perfect, 15% of us live in extreme poverty (this means living out of less than 2 bucks a day). The other 60% is mid-low class with less than $1000 of annual income.<p>The only explanation I have is that our presidents had not been doing their homework. Corruption, organized crime, economic crime, you name it.