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Author Topic: What boosts a country's economy?  (Read 2087 times)

Online Rruchi man

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Re: What boosts a country's economy?
« Reply #30 on: May 18, 2024, 10:07:26 PM »
What do you think is the main factor that affects a country's economy positively today?
A country that invests massively in human capital development will definitely see the reward in their economy, as productivity will generally be on the rise. With developed infrastructure and people whose mental development does not match those infrastructures, the economy will not progress because productivity will not be at its maximum.

Human capital development is the most important to me.
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Re: What boosts a country's economy?
« Reply #30 on: May 18, 2024, 10:07:26 PM »

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Re: What boosts a country's economy?
« Reply #31 on: May 18, 2024, 11:45:15 PM »
What do you think is the main factor that affects a country's economy positively today?
A country that invests massively in human capital development will definitely see the reward in their economy, as productivity will generally be on the rise. With developed infrastructure and people whose mental development does not match those infrastructures, the economy will not progress because productivity will not be at its maximum.

Human capital development is the most important to me.
Agree. This is what makes my country's economy keep going because of it. We all know that human capital can be domestic and abroad so yeah really has huge impact. But here in my country mostly skilled and professionals prefer to work abroad to maximize and took advantage of other country's technology, salary rate and the level of experience.

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Re: What boosts a country's economy?
« Reply #32 on: May 19, 2024, 03:01:34 PM »
What do you think is the main factor that affects a country's economy positively today?
A country that invests massively in human capital development will definitely see the reward in their economy, as productivity will generally be on the rise. With developed infrastructure and people whose mental development does not match those infrastructures, the economy will not progress because productivity will not be at its maximum.

Human capital development is the most important to me.
Agree. This is what makes my country's economy keep going because of it. We all know that human capital can be domestic and abroad so yeah really has huge impact. But here in my country mostly skilled and professionals prefer to work abroad to maximize and took advantage of other country's technology, salary rate and the level of experience.

Perhaps my words will be perceived as cynicism, but.... people are. no offense, just a resource. And what I agree with is that a highly educated and developed population is a better resource than a population that is degraded, uneducated, and primitive.

A developed population means the development of technology, it means higher production efficiency, it means the formation of higher added value, it means a wealthier population, it means a better consumption community - all this creates a living, developing economy.
And as you understand - a poor, poorly educated, manipulated, for example, by religious fanatics, society cannot be effective, because of its backwardness, global, comprehensive backwardness and degradation.

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Re: What boosts a country's economy?
« Reply #33 on: May 26, 2024, 09:31:12 PM »
Lets look at it from a different perspective as regardless of the government of a country diversifying her country's economy into different areas, they will still not yield a positive outcome if the government is been occupied by corrupt individuals. If you have studied the economy of most Africa country you can easily observed this statement above been very accurate.

The issue isn't that the countries aren't diversifying and investing into different sections of her economy but the corrupt politicians (only interested in enriching themselves) aren't ready for the progress of the country's conomy so as to keep the masses in poverty in other to win their votes when the next election approaches.

What brings the economy of a country down mostly have to do with the government of the day, as when the government lacks innovative minds in her cabinet to contribute ideas on how to improve the economy of her country, it bring the economy down. When corrupt politicians are withholding development so as to favour their selfish interest, it bring the economy down. I could go on and on but the point I'm trying to make is the economy of a country totally depends on the government as even the private sector tends to benefits when the government passes laws that encourages friendly environment for entrepreneurs to build on the workforce of a country.
So in all the government is the only reason a country economy will grow with a bad government the economy of a country will fall.

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Re: What boosts a country's economy?
« Reply #34 on: Today at 07:13:26 PM »
The only thing that can help grow the economy of any country is there government. When there government don't support development the country will never grow but if the government support development the country will grow and there economy will grow rapidly.

So in all the government of a nation is the major reason why the nation's economy will grow.

 

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