Topic: Adapting to the world's changing Economy (Read 735 times)

Economic ups and downs are inevitable things for countries of any level. Whether it's a first-world country or a third-world country, there will always be times that it is going to struggle economically, and there will be good economic times as well. What's important for a country is to have leaders who can do their best to give the country enough resources to gain economic stability over time because that is the only way they can avoid having too many economic downturns.

Countries with stable economies will have stability in everything including their political space, educational landscape, medical sciences, and everything else that is important for a country as a whole because these are the things that will make life easier for the people of a country.

Economy growth can also be temporary because there are times that an economy can experience a crash. Not all countries can be affected with it though and it can be the leading country are the ones that will get affected by it first or sometimes, so those countries that are behind them can now catch up a bit.

Even though an economy crash is bad, they will actually think its a good thing or an advantage to them but I think this is still wrong to think like that. We must not wish a bad luck for others, to have a good luck for us. To become independent is truly hard but it can be a good thing once done because that means you are now strong to not rely on others help.

You think that "the united state of America" was not known economically before World War 2? I'm not sure who was your history teacher but maybe you need to find a better one. They were the primary economic power of the time, especially as Europe had been decimated due to World War 1 and they were relatively unscathed. China has only gotten a lot more powerful in the last few decades, but was an absolute mess long after world war 2 had ended and got wrecked when Mao was in charge. Adapting to ever changing conditions in the world requires innovation and flexibility, there is a reason that democratic countries have been so successful and China has only become rich because they became the sweatshop of the world and were much more open before Xi Jinping got to power.

Definitely you will always find countries that are far back behind amidst economy growth and development and it's not because they find it hard or failed to do so but all because they are struggling to become an independence country and it's not a thing of rush cause all hands ain't equal, with time they'll all put up the best they can to adapt to the changing economy.

I agree with your statement. Long years ago people traded physically but now trends are different and we are watching few countries are left in which most of the people are trading the things physically . We are watching when all industries became online then all people got knowledge of IT and they tried to sell their products and services online. We saw pandemic and millions of people became victim of that and millions of people died but at that time many people changed mindset and they worked on online work and they made online stores and got huge profit from that.The point is one thing is constant and that is change and intelligent people know the phenomenon of nature and they will work on new skills and they will earn huge profit at the start of any platform.

There is some certain countries the things in the country is still intact and the way of living is still affordable and the okay to that particular country, i  know very well what is good and what is not good any country that is having economic problem the Citizens of the country will adjust or adapt to the condition of the country so what makes this economic issues in a country is a lack of management from the government, so if the government is inability to control the economy of the country properly it will result as a hardship in the country and everyone reside in in that country will it develop a method to survive and this always happen to most of the African countries why European and the Asian countries have no much adjustment of economic changing in their Society because they have a good leaders, I want to use my home country as example if you don't have a way of surviving it will be left for you because the country is changing every minute of the day

Of course those are just story most people choose to believe and for me I don't believe on such theory but however human being has the ability to adapt to any change very easily because there are places that has different kinds of changes on climate but they still managed to adapt to it and that's one of the most unique thing about the humans and no matter any condition they would find themselves in the future whether climate change or economic challenges they will always find a way to cope with the situation because that is the only way of survival.

Change is constant and something which is really that inevitable on which it would really be that understandable that we as an individual then we shouldnt really be thinking that we would really be staying up
on things for long time on which its really that totally impossible for it to happen yet words changes and everything around which do also changes up. Talking about economical then this is something that becomes worst as years passing by and if you are living in a country on which opportunity and other correlated stuffs becomes worst then you dont really have no choice but to adapt on whatever things that you do able to encounter since you dont really have any choice in the first place then your option is to make yourself having finding other things on which you could really be able to make yourself having that kind of survival
despite of the worsening shit condition of economy. You wont really be able to survive if you wont really be trying out to do something.

Yes, but I do not see a country emerging and becoming another super power, we haven't seen any nation yet of that capability like China in the last twenty years who rises to the occasion and becoming big in the world market. And if my memory serves me right, third world countries are still third world countries and they are having a hard time getting out of that stigma.

Maybe it is the corruption that has been taking place in some African countries or in Asia, or they are really having a hard time getting out because their hands are tied without any help from superpower. And if that happens then they will be fully indebt to this countries or IMF fund. The effects of Covid as well is still felt by many nations as their GDP is not doing well, competition arises and many factors to look at before a country can change it's economy for the better.

This is a huge problem for Europe. Besides local migrants, there is a problem in IT department. They outsource IT jobs in poor countries. For example, there is a German company in my country that offers Customer Support services to companies that have users from Germany, the Netherlands, France and others. Mostly they provide German speaking Customer Support jobs and they pay up to 800 net Euro a month. Working conditions are good, modern, European and salary is good. Now in my country students learn German language instead of professions because of this job alone. You learn German at B1 and you immediately start working in a company that pays you 800 Euro from the first month and then offers bonuses and corporate parties. In Germany, these company would have to pay at least 12.4 Euro per hour (that's minimum salary), but here they pay 4-5 Euro per hour.
We have a saying: A fortress is betrayed from within. There are only Europeans to blame if working conditions are getting worse for them. They choose cheap labour instead of less profit. I know that it's a business but I believe that businessman should be a patriot of it's country and not a slave of money.


Wow, I haven't heard such a truth for a very long time. But I'll give you an explanation to that since people from my nation do the same about culture.
People think that our culture is great and the cause of their poverty is the government. People blame only the government for their problems instead of blaming themselves, their culture and nature. They think that their culture is amazing and should spread it everywhere but they don't understand that it's culture that ruins their country and it's the culture of EU countries that makes them a good place to live.
The part of the culture of my country is to help your friend's son to start work, to step up your friend's son in a company, to unfairly give a job to your relatives, to bribe someone and etc.

Definitely we all know that the World keeps revolving and as it's does every parts of it revolve as well thereby leading to a change in so many aspects of the world including the economy and to be frank the economy of every country isn't static but rather it's rotational because everything in life is responding to a change which is a natural phenomenon. But then looking at this aspects I'll like to say there are some countries that are finding it difficult to adapt to this change based on many factors and it's affecting their way of living so I'm saying not everyone can adapt to the world's changing economy.

The best goal most of us here have is not needing an income from working. I mean we are young people (mostly) so even if we have the money then we will continue to work probably so we wouldn't go mad, but we still want income which pays for our life without us needing to work. Being able to work because you want to and needing work because you must, are two different things.

A passive income is something everyone desires, and this could be via dividends, like staking ETH because it became proof of stake, or even having bitcoin which grows faster than you spend as well. I always said the same thing, if I have a decent size account, I will never have to work, but I will keep working, because I am too young to retire. Maybe for a few months I will take a break and go around the world because there are many nations and cities I want to see, but aside from that, maximum 1 month is fine, then I will go back to working and try to do the best I can do.

There are many countries in the world that have not yet been touched by development.  There are many reasons for their backwardness.  These countries are lagging behind due to various reasons such as underdeveloped technology, skilled manpower, lack of proper planning, above all economic inefficiency.  On the other hand developed countries like USA, China, Russia, Japan, Germany are developed.  They think about the future in advance and act accordingly. As a result, they can easily adapt to the changing world.  By their own strength these countries again influence other countries.

Of course everyone needs a job to be able to give them income and for now we must be able to adapt to all the situations we are experiencing to be able to get a job that can provide income and without being able to adapt it is difficult for us to find a job that suits us.
When many rules are changed to fulfill the benefits of some groups of course many parties will be disadvantaged and if this continues of course there will be many problems faced by many people so that things can happen that we cannot predict of course the situation will be very chaotic and detrimental to many people.

And they did the right thing by being able to adapt and coming to the understanding that they should start the process of investing in various sectors of the economy so that they could provide themselves with everything they need, and then export everything else. This is how you need to be able to manage processes and more. I am all for starting to invest in all sectors of people's lives.

We do want to adapt but people in power don't want that to happen and they have supporters outside the continent. The western world claims they're assisting but they're the ones killing us.

I know people might say I shouldn't put the blame on others but if they're not the ones accepting the stolen natural resources and money that our politicians & other corrupt man in Africa are selling to them, things would had been alot better than it actually is.

Our money is some of the resource being used to develop the other parts of the world while we die in poverty over here.

The western government are stealing our national resources and there's nothing much we can do about it for now as we're powerless in their eyes but all I can say is one day, things will e different.

We over here wants to adapt to the changing economy because every man wants progress but we have an obstacle, which is corruption.

Everyone needs work and money. very logical from what you said above and I noticed when the government limits it to an amount that is appropriate with regulations if not Wicked Problems come and if it is right maybe it will be balanced and the natives will also get their share. Many bad things happen when the regulation is relaxed and will only benefit a few parties.

What you need to understand is those people are cheap labour that others don't do because they exist, if they didn't exist all those products would be made anyways, and companies would pay more to get good workers, so they are making others poor by even existing.

When a job is worth 2000 euros a month to do, but an immigrant accepts 1400 euros a month, you are taking away a job from a citizen and giving it to some immigrant, doesn't mean the job was created, it was stolen from someone else.

This is what makes Europeans mad, they can't find jobs because all the jobs are done by immigrants for cheap, sometimes as low as 50%+ cheaper. Not only that, but they do not want to adapt to culture they are in, and want to bring their own culture, and they do not realize their culture was the reason they ran away from where they were and the culture they reject to adapt is the place they ran to.

I dislike immigration idea, small amounts is fine, but big numbers should not happen and everyone should be sent back. If they are not happy and think it's great life for them, go back to where they came from and try to have a better life there then.

Yeah, refugees are an extremely cheap source of labour but does this outweigh the negative side effects that include increased crime, rape and murder rate. In my country, there aren't migrants and it's very safe to go outside at any time, especially in small cities, it's very safe here, no one blows up themselves and doesn't stabs anyone in the street for no reason.
Btw I have no idea why someone uses those workers in 21th century, when almost every girl does the job for free.

You have a good point. When we think about the EU, we think about Germany and France, not about Cyprus and Romania but joining the EU will give us the possibility to legally work in Germany, France and other rich countries, that's why we want to join the EU. At the moment, we can't work in EU, the only way to work is through Poland's visa but it's guaranteed that you'll work the shittiest jobs ever and even with this visa, it's illegal to work, so you have to stuck in the factory and work like a slave.

Thank god I chose IT as my career in my childhood and I'm into UI/UX design or otherwise, I would be on a miserable salary. Probably 80% of people here earn 350 USD a month, I earn up to 1000 USD. I pay 400 USD per month on rent (I live in a very bad basement because rent prices went up out of this world because of Russia-Ukraine war), then I pay 50 USD on utility bills and the rest of the money goes in food because food here is way more expensive in Germany or France. I earn 1000 USD and I'm left with nothing in the end. If our country joins the EU, I'll be able to move in Germany or France or Ireland and earn more than 2000 Euro per month net salary. Won't I be able to rent an apartment in Berlin for 600 euros? I'll be able. From my friends, I also know that they don't spend more than 450 euro on groceries. By living in Germany, I'll be able to save at least 500 euros per month. That's why I and many people want to join the EU instead of BRICS.

Standards are very low in our country. I haven't been in restaurants for years because it's expensive but Europeans go to eat at restaurants every day, it's normal for them but it's a luxury for me. Lots of people spend money to get that kind of job abroad because in our country you don't have salary enough to eat food unless you work in IT.
When I talk about the good life, I mean that they are able to buy smartphones, clothes and new things with their salary. Btw that 1000 euros cover living costs because when you take care of elders, you get a free stay at home from them and they usually share food with you, so you basically live for free in the EU and earn net 1000 Euro.

Those are fake story and I don't believe in such. The only  constant thing in life is change, so man only change and adapt to different environment and climate conditions they find themselves but evolving from ape to homosapien is a lie.

Most African countries are lacking behind the new technology advancement due to bad leadership . Most citizens of African countries are creative and innovative, but lacks quality leader to support their career or bring there discovery or innovation into reality. this has become a big challenge. I bet that if African leaders can let go off political and religious sentiments/crises, bribery and curruption, then they will do better. Africa has countless mineral resources which can be explored, refined and exported and this will creat Productivity than consumption.

To every succeeding country there is surely a good leadership and good governance and corporation. Without that there will be no growth. The meaning of my explanation is "together we stand, divided we fall" the unity of China is the reason behind there success.