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Some of the world’s wealthiest countries owe the bulk of their wealth to abundant natural resources. Kuwait and UAE, which have the sixth and seventh largest proven oil reserves in the world, respectively, are the fourth and fifth wealthiest countries. Spearheaded by the establishment of trade routes between Asia and Europe by the Dutch East India Trading Company throughout the 17th and 18th centuries, exports still play a major role in the economy of the Netherlands today. Strong faith in public institutions has created the conditions for a diverse, trade-based economy. It provides a universal store of value that can be readily used by other members of society. Macau, for example, legalized gambling in the 19th century and has since developed into a tourism hub for much of Asia. Australia has a highly developed, mixed economy, which is the 14th largest in the world by GDP.
