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

Historically, at least one of the ways out of this rut for many countries was to go to war with a neighbor, win and take the resources, plunder, wealth, and whatever else you wanted.