If a poor country in Africa becomes rich, wouldn’t they need to get money elsewhere? Thus making the other place more poor?
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Firstly, let us define what is richness or wealth in other words, wealth.
Wealth is an abundance of resources, supplies or material prosperity.
So money does not necessarily mean prosperity, rather it is just a credit system schemed in order to conduct economic activity. This is why printing more money does not equate richness.
Furthermore, since wealth is just an abundance of resources, meaning you have surplus of resources, this usually entails that someone else who’s lacking of what you have will want some of what you have for a price.
This in turn creates trading. In exchange of their monetary wealth, you give some of your stuff. You benefit, they benefit as well.
The world’s richness as a whole is closely interconnected and it could spell an economic downturn if a country gets disconnected from the global market. An example is Iran which was sanctioned by United States causing a devastating economic downfall of their gross domestic product of 445.3 billion USD to 191.7 billion USD within just the span of 3 years (2017-2020).
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