Why is Papua New Guinea poor if it has so many natural resources?

So many trees are cut down everyday, and burnt. It has been the caused of smoke pollution in the region for decades. Where have you ever seen the trees recently?

Obviously, merely having natural resources does not make a country rich.

https://www.cia.gov/library/publications/the-world...

click the 'economoy' tab

my conspiracy theory is that it could be the southern hemisphere that causes a polar reversal in the psyche and swirls people into thinking that a natural environment is makes the country rich