Eli5: Why is it so difficult for third-world countries to provide stable electricity to their citizens despite the technology being so abundant?

1.68K viewsEconomicsOther

The technology is readily available, people will pay to have access to it. Yet, a lot of people still don’t have this technology made available to them.

In: Economics

30 Answers

Anonymous 0 Comments

All right let’s go to a third world country and build a big ass coal power plant.

Where we going to get the coal from and who’s going to pay for it?

Let’s say that some type of geological event happens and somewhere in this third world country the magma gets close to the surface and creates an area looking like it was custom built for geothermal power. Let’s say that the USA along with Europe will pay for all of this stuff to be built and installed.

Unless USA and Europe continue to pay for the power plant how was the country in question going to be able to afford to maintain it.

Just because the technology exists doesn’t mean that a given area or society has the ability to acquire it install it and utilize it.

You are viewing 1 out of 30 answers, click here to view all answers.