Eli5: How do countries get out of bad economic situations? Like if a country has no resources, money, etc. how can they get out of that situation?

Question

Eli5: How do countries get out of bad economic situations? Like if a country has no resources, money, etc. how can they get out of that situation?

In: Economics

Answer 1

One way is to sell citizenship. The red are several countries in which you can pay a fixed fee (i.e. $500,000 USD), or buy land or property, and they grant you full citizenship. This may not solve all their problems but it’s one of the tools they can use.