Adapting to the world's changing Economy - page 2.

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Quote from: beerlover on October 09, 2024, 02:04:33 PM

Quote from: Kelward on October 07, 2024, 12:31:35 PM

Quote from: Kcrypto18 on October 07, 2024, 08:42:58 AM

Countries that resist change risk falling behind while those that embrace new technologies like AI often move ahead. For developing countries, like Africa, this is really important. By investing in technology, education, and infrastructure, they have a chance to catch up to the traditional powers. Progress comes from being open to change. Those who adapt will succeed in today’s fast-moving world.

This is why a continent like Africa, is still lacking behind in terms of technological advancements because they have leaders that are not proactive. Square pegs in round holes is what we have, they're just there to live like kings and neglect development in technological advancements. Most leaders in Africa, are contented to import foreign technology by focusing on finished products from developed countries. Most underdeveloped countries are where they are because developed countries will come and milk their natural resources and sale it back to them as finished products. They'll continue in the rat race until proactive leaders emerges but I doubt that there'll be free and fair elections for that to happen.

A country like China, was able to become a world power and an industrialized economy because their leaders didn't just sit in their comfort zone. Backward countries are the way they are technologically because they have leaders that don't think progressively.

To be fair this is what some "developed" European countries have too, they do not care about their people and only care about getting votes and having power, but because they were rich, they do not crumble that easily. But they are getting worse, like for example this immigrant issue is one that many people are getting in trouble with, in Europe people had great life, now elected officials are letting tens of thousands of immigrants in everyday, which is causing some trouble for political part of those nations, extreme right wing is increasing once again because of this, and we should be afraid of extreme right wingers. I am not saying they have no reason, but we can totally assume why this would happen as well.

We need to realize every nation has its own kind of problems, some have economical, some have political, some have different other issues. Europe does have some economical but not as much as Africans obviously, but they have different troubles.

Decisions made will really be just that depending into those governing bodies and there's no such way that we could really be able to stop that.Its true that each country does have its own set of problems
when it comes to various things on which if there would really be some slight alterations then it would really be something that could affect entirely on what are those things that supposed to be but well
if we do speak about changes then this isnt something that can be static but rather it would really be dynamic. If it happens then it happens and for it for you to be able to go along with it.
There's no way that you could really be able to oppose on whats changing, if you do find out that you are living in a place on which having those changes then its common sense that you would really be needing to adapt.

If you cant be able to bare it up and you do have the money or finances for you to migrate into other country then do it and its your choice to make it but actually this is really just that having no sense on doing such action either way.

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Quote from: Kelward on October 07, 2024, 12:31:35 PM

Quote from: Kcrypto18 on October 07, 2024, 08:42:58 AM

Countries that resist change risk falling behind while those that embrace new technologies like AI often move ahead. For developing countries, like Africa, this is really important. By investing in technology, education, and infrastructure, they have a chance to catch up to the traditional powers. Progress comes from being open to change. Those who adapt will succeed in today’s fast-moving world.

This is why a continent like Africa, is still lacking behind in terms of technological advancements because they have leaders that are not proactive. Square pegs in round holes is what we have, they're just there to live like kings and neglect development in technological advancements. Most leaders in Africa, are contented to import foreign technology by focusing on finished products from developed countries. Most underdeveloped countries are where they are because developed countries will come and milk their natural resources and sale it back to them as finished products. They'll continue in the rat race until proactive leaders emerges but I doubt that there'll be free and fair elections for that to happen.

A country like China, was able to become a world power and an industrialized economy because their leaders didn't just sit in their comfort zone. Backward countries are the way they are technologically because they have leaders that don't think progressively.

To be fair this is what some "developed" European countries have too, they do not care about their people and only care about getting votes and having power, but because they were rich, they do not crumble that easily. But they are getting worse, like for example this immigrant issue is one that many people are getting in trouble with, in Europe people had great life, now elected officials are letting tens of thousands of immigrants in everyday, which is causing some trouble for political part of those nations, extreme right wing is increasing once again because of this, and we should be afraid of extreme right wingers. I am not saying they have no reason, but we can totally assume why this would happen as well.

We need to realize every nation has its own kind of problems, some have economical, some have political, some have different other issues. Europe does have some economical but not as much as Africans obviously, but they have different troubles.

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Quote from: uche6215 on October 03, 2024, 11:06:21 AM

Infact I have come to the realization that there are currently countries who are living in the future and there are also countries who are also living behind time because they have failed to embrace change and move on with the ever changing world.

Looking at the world leading Economies like the united state of America, China etc who where not known economically and Technically before the second world war how did they emerge as world leading Economies that their policies at home affect others parts of the world it's simply because they adapted to the world that was changing around them and decided to make investment in that light and today they are reaping the fruits of their labour

Word leading countries you mentioned were smart enough to embrace the early stage of industrialization before the rest of the countries woke up. You can see united state of America, China, Russia are fighting for power and that's why you see all of them have nuclear weapons and it's for protection because of the things they have achieved before now, they have done well in their economy that they don't want to come back to the dark ages because they were smart to take any opportunities that comes there way.

How do they do that? They were quick to make Memorandum with countries that has natural resource, they give you and they take from you and then sell back to you. They buy the natural resources at extreme low prices, sold back to the same people at extremely high prices and develop their own countries, this is what they have been doing with advancement to he where they are today while the rest of the countries can't even do anything, they literally buy everything and can't even produce anything and you expect them to see what's in the future like the develop countries.

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Quote from: uche6215 on October 03, 2024, 11:06:21 AM

The world where we live in is a dynamic place, that means things are not ment to be static instead they are ment to be changing overtime. Infact we where told that man has undergone so many stages of evolution before getting to where we are as homosapiens.

It's also like that with the world that we find our self as the world has undergone different stages from the time's of the stone age to that of slave trade, and to that of the industrial age where artificial intelligence has taken over every sector of the world Economies.
There's need for developing Economies like those of Africa to adapt and embrace this economic evolution that is going on currently as any country currently holding on to the orthodox way of doing things has been left behind.

Infact I have come to the realization that there are currently countries who are living in the future and there are also countries who are also living behind time because they have failed to embrace change and move on with the ever changing world.

Looking at the world leading Economies like the united state of America, China etc who where not known economically and Technically before the second world war how did they emerge as world leading Economies that their policies at home affect others parts of the world it's simply because they adapted to the world that was changing around them and decided to make investment in that light and today they are reaping the fruits of their labour

The world has been systematically arranged to make some countries rich while others will remain poor. An example is the interest international lending organizations give to nations. Some countries are given loans with lower interest and more flexible repayment plans while others don't enjoy such benefits.

In my thoughts, developing nations must take radical steps if they want to come out of underdevelopment. China was able to study and gain technological knowledge from the US. They were even able to steal some skills of the US, and we're able to improve on them and are not using them to their benefit. India and the Four Asian Tigers have also been able to adopt new technologies that have made them advance scientifically.

The major challenge of most developing countries is corruption. They have leaders who prefer to invest in developed nations using stolen wealth. I read about Bangladesh’s former Land Minister Saifuzzaman Chowdhury, who stole about 500 million dollars and used it to buy several choice properties around the world. If one minister stole this amount, how much will the president, vice president, prime minister and other top officials steal? This stolen wealth would have been enough to advance the country technologically.

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In my opinion, the main issue is not only adaptation to changing conditions.

Developed public institutions influence the success of a country more than, for example, the presence of mineral resources or readiness to adapt.

What are public institutions? This is a set of generally accepted social rules that ensure the freedom and security of individuals and legal entities.

People and organizations want to be sure that no one will harm them. And if harm is caused, the culprit will be punished or pay the victim appropriate monetary compensation. This creates stability and gives confidence.

If there is a high level of corruption in a country, laws are not observed, and judges are biased and unfair, then such a country has no chance of successful economic development.

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Quote from: Kcrypto18 on October 07, 2024, 08:42:58 AM

Countries that resist change risk falling behind while those that embrace new technologies like AI often move ahead. For developing countries, like Africa, this is really important. By investing in technology, education, and infrastructure, they have a chance to catch up to the traditional powers. Progress comes from being open to change. Those who adapt will succeed in today’s fast-moving world.

This is why a continent like Africa, is still lacking behind in terms of technological advancements because they have leaders that are not proactive. Square pegs in round holes is what we have, they're just there to live like kings and neglect development in technological advancements. Most leaders in Africa, are contented to import foreign technology by focusing on finished products from developed countries. Most underdeveloped countries are where they are because developed countries will come and milk their natural resources and sale it back to them as finished products. They'll continue in the rat race until proactive leaders emerges but I doubt that there'll be free and fair elections for that to happen.

A country like China, was able to become a world power and an industrialized economy because their leaders didn't just sit in their comfort zone. Backward countries are the way they are technologically because they have leaders that don't think progressively.

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Countries that resist change risk falling behind while those that embrace new technologies like AI often move ahead. For developing countries, like Africa, this is really important. By investing in technology, education, and infrastructure, they have a chance to catch up to the traditional powers. Progress comes from being open to change. Those who adapt will succeed in today’s fast-moving world.

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Quote from: uche6215 on October 03, 2024, 11:06:21 AM

The world where we live in is a dynamic place, that means things are not ment to be static instead they are ment to be changing overtime. Infact we where told that man has undergone so many stages of evolution before getting to where we are as homosapiens.

It's also like that with the world that we find our self as the world has undergone different stages from the time's of the stone age to that of slave trade, and to that of the industrial age where artificial intelligence has taken over every sector of the world Economies.
There's need for developing Economies like those of Africa to adapt and embrace this economic evolution that is going on currently as any country currently holding on to the orthodox way of doing things has been left behind.

Infact I have come to the realization that there are currently countries who are living in the future and there are also countries who are also living behind time because they have failed to embrace change and move on with the ever changing world.

Looking at the world leading Economies like the united state of America, China etc who where not known economically and Technically before the second world war how did they emerge as world leading Economies that their policies at home affect others parts of the world it's simply because they adapted to the world that was changing around them and decided to make investment in that light and today they are reaping the fruits of their labour

I would like to say that they are not adapting to the world but they are changing the world, and the countries behind them are adapting to follow the developed countries, that is the right sentence in the dynamism of this world, people in developed countries who bring civilization cannot be said to be adapting but they are bringing progress while those who follow them need to adapt, such as industrial changes from 1.0 - 5.0, and my country which is still underdeveloped is still in the stage of adaptation both in terms of economy, politics and culture.
Now what they see is AI, Biotech, Metaverse and other sectors that will be valuable in the future they are investing there.

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Quote from: uche6215 on October 03, 2024, 11:06:21 AM

Adapting to the world's changing Economy

In fact, the global economy is currently experiencing a significant decline and this is felt by almost all countries in the world. There are many causes for economic crises, one of which is war, natural disasters, financial crises and so on, of courseadapting the best solution for the time being is done.

As for changes and ways to adapt to anticipate the economic crisis, we need to do many things.
Example:
* Everyone must be able to adapt to alternative ways of earning income, don't rely on the main salary to overcome the economy.
* Another thing is to invest in a long term that is stable without risk.
* Another way that can be done is not to prioritize property as the basis for installments, monthly installment expenses can make our economy unstable and we need to adapt as well as possible.

And many other things, how to adapt to the current situation of declining global economic changes, prioritize economic gain apart from the main salary.

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Quote from: pooya87 on October 06, 2024, 12:21:44 AM

For example the way EU (and generally NATO) sees countries like yours is the same way they view Ukraine: as a proxy to counter Russia. Basically as long as Ukrainians are dying and their country is being destroyed, and also as long as Russia is getting weaker they are happy. If they can expand the number of Ukraines they have, they'll be happier.

I agree with you but to be fair, I don't understand why do Europeans accept so many refugees who do nothing but steal, commit crimes and etc. I know many people who had cancer or other type of illness and got a free treatment from EU countries, which would cost them more than a house here.

Quote from: pooya87 on October 06, 2024, 12:21:44 AM

Also joining BRICS is not the same as being part of Russia (ie. USSR). BRICS is a global organization that all developing countries can join to be able to speed up their growth in an environment that can not be damaged or stopped by the US through sanctions, wars, etc.

I still think that my country would get better economic growth from joining the EU rather than BRICS. EU is rich and developed, every country has a very high GDP per capita, and BRICS countries are very far from them.

Quote from: pooya87 on October 06, 2024, 12:21:44 AM

Almost all? I seriously doubt that. Only the most skilled immigrants can have a "very good life" when they migrate to the West. The rest, which is the majority of immigrants, live terrible lives working menial jobs, getting paid very little (usually minimum wage), pay high taxes and can only barely stay alive due to extremely high cost of living.

Do not doubt that, that's reality and almost all of them are unskilled workers but I'll go into details. Mostly, women go to EU countries to take care of elder people, some also take care of pets too and they get free home to stay, sometimes free food and a thousand euros or higher a month. They send this money to their families at home and that's how most of our citizens live.
Men who go to the EU, mostly steal but there are a few who work in restaurants, delivery, and buildings and earn normal money. What I see around me is that most of my neighbours have one emigrant from the family and that person feeds the family, improves the house and buys a car for them. They live a very good life but the sad fact is that I think that emigrants sacrifice their life for these people.

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I completely agree with you! The world is changing so fast, and if countries don’t adapt, they really risk falling behind. I’ve seen how innovation can drive growth, especially in tech. It reminds me of how some regions have jumped ahead by investing in education and new technologies. Places that embrace these changes not only improve their economies but also influence others on a global scale. It’s interesting to watch how some countries are shaping the future while others are still trying to catch up. It makes me think about how important it is to stay open to new ideas and ways of doing things.

Everything about the world is changing and from the economy to every single thing, and their is no longer a choice than the adapt or we mitigate their is no way that we won't adjust, innovation is actually driving growth since we are moving from one level to another, the implications thay most of this innovation comes with its only bringing down the economy, people can no longer make money since the innovation are taking charge, leaving a lot of people with anything to do.

I don't know for other places but education is now become a random thing and what drives the most now is not more than skill, because most of the things that everyone is doing now is basically skill and ruling out education because now even if you are educated getting a job is another difficult situation. And the countries shaping their self are lucky others are busy extorting from their citizens.

When everyone gets tired then the revolution will occur then we all gone learn from that because continue like this is just for some time.

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Quote from: uche6215 on October 03, 2024, 11:06:21 AM

Infact I have come to the realization that there are currently countries who are living in the future and there are also countries who are also living behind time because they have failed to embrace change and move on with the ever changing world.

Generally, not every country can follow the changes that occur, because the prospects for each country's way of thinking tend to be different, depending on the level of economy they have, and how they occupy each country, the geographical location of the country can also influence all of that.

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Quote from: shield132 on October 05, 2024, 08:55:59 AM

I think that you are underestimating the western nations. My country has two options, BRICS and EU. We have already been part of Russia and we didn't like it.

I am not underestimating them, I know their views toward other countries. For example the way EU (and generally NATO) sees countries like yours is the same way they view Ukraine: as a proxy to counter Russia. Basically as long as Ukrainians are dying and their country is being destroyed, and also as long as Russia is getting weaker they are happy. If they can expand the number of Ukraines they have, they'll be happier.

Also joining BRICS is not the same as being part of Russia (ie. USSR). BRICS is a global organization that all developing countries can join to be able to speed up their growth in an environment that can not be damaged or stopped by the US through sanctions, wars, etc.

Quote from: shield132 on October 05, 2024, 08:55:59 AM

Almost all of our emigrants that migrated in Europe and the USA, have a very good life.

Almost all? I seriously doubt that. Only the most skilled immigrants can have a "very good life" when they migrate to the West. The rest, which is the majority of immigrants, live terrible lives working menial jobs, getting paid very little (usually minimum wage), pay high taxes and can only barely stay alive due to extremely high cost of living.

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I do agree that we live in a dynamic world. It keeps on changing and will keep on changing. We have to learn the changes, roll with it and move on instead of fighting with the change. If we just stick to old ways, we'll get left behind while others move ahead. We don't want that to happen in our nation. Look at how countries like the US and China keeps on adapting the modern economy and now they are the ones leading the pack.

Quote from: uche6215 on October 03, 2024, 11:06:21 AM

Looking at the world leading Economies like the united state of America, China etc who where not known economically and Technically before the second world war how did they emerge as world leading Economies that their policies at home affect others parts of the world it's simply because they adapted to the world that was changing around them and decided to make investment in that light and today they are reaping the fruits of their labour

Yep, you need to invest in modern technologies and knowledge. As a simple example we can see that all countries that are economically ahead are investing as much as they can to learn new technologies like blockchain and AI and making use of it to expand their economy and make their country even better than before. You will notice that those countries that are actually lagging behind are the ones that give no importance to these new techs.

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Quote from: uche6215 on October 03, 2024, 11:06:21 AM

Infact I have come to the realization that there are currently countries who are living in the future and there are also countries who are also living behind time because they have failed to embrace change and move on with the ever changing world.

Its always been survival of the fittest, the ones who can adapt to changes are likely to survive and lord it over those who have a hard time adapting to changes, There are many reasons why one country cannot survive to changes; some of these are cultural differences between their citizens. religion and tradition because there are countries or races who decline changes brought by other countries or races.

Quote

Looking at the world leading Economies like the united state of America, China etc who where not known economically and Technically before the second world war how did they emerge as world leading Economies that their policies at home affect other parts of the world it's simply because they adapted to the world that was changing around them and decided to make investment in that light and today they are reaping the fruits of their labour

Because there is less cultural difference, they are united and there are fewer differences among their people, and they have vast resources like oils, minerals, and their environment is conducive to development, while those who cannot keep up with changes are likely to be left behind.
The world is changing, and countries that cannot adapt will be under strong countries or races, this has been the history of mankind ever since; the races that can adapt will emerge as the superiors.

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Quote from: pooya87 on October 04, 2024, 12:25:32 AM

Right now the best decision any nation can make in my opinion, is to join the BRICS and help it get stronger, and more determined to make serious decisions such as to dedollarize because when the collapse of US economy occurs, it will take down everyone. Countries that rely on the dollar the most will suffer the most.

I think that you are underestimating the western nations. My country has two options, BRICS and EU. We have already been part of Russia and we didn't like it. We also know that the quality of life isn't good in BRICS countries, like Brazil, India and China. Almost all of our emigrants that migrated in Europe and the USA, have a very good life. They earn so much money there that they buy and build good houses, buy good cars, their family members have a good life and etc...
I haven't seen a single person in my life that said anything bad about EU except those who wanted to steal things from shops. Those that I know who work and live in the EU and the US, all enjoy their life there.

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Quote from: uche6215 on October 03, 2024, 11:06:21 AM

Infact I have come to the realization that there are currently countries who are living in the future and there are also countries who are also living behind time because they have failed to embrace change and move on with the ever changing world.

Not everyone can "change" just like that, maybe some countries are living behind the times because they haven't been allowed to improve. It's easier to control and manipulate people (countries, nations) who are in the dark and are denied a lot of things... while someone is taking their resources and has cheap workers.

Quote from: uche6215 on October 03, 2024, 11:06:21 AM

Looking at the world leading Economies like the united state of America, China etc who where not known economically and Technically before the second world war how did they emerge as world leading Economies that their policies at home affect others parts of the world it's simply because they adapted to the world that was changing around them and decided to make investment in that light and today they are reaping the fruits of their labour

Aha... just like that. They embraced changes, now they are reaping the fruits of their labor, and they lived happily ever after. I think I saw that movie, or that was some cartoon...

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Quote from: uche6215 on October 03, 2024, 11:06:21 AM

~

Being able to adapt is indeed something that a country needs before it can grow, but who in the first place decides how (or whether they will) they should adapt? In the end it's all the incompetency of the government that leads to their downfall. Sure I guess you can attribute some of it to mistakes but hell, this is a country-wide thing we're talking about. A single mistake is probably all it'd take for the gap to widen between countries. Especially if even now, countries like Africa refuse to acknowledge that change is needed (or that they don't want to).

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Quote from: uche6215 on October 03, 2024, 11:06:21 AM

Infact I have come to the realization that there are currently countries who are living in the future and there are also countries who are also living behind time because they have failed to embrace change and move on with the ever changing world.

Let me tell you the reason why some countries are still behind.

1. Bad government. Living in a country where the leaders fail to embrace development if offered by the youths or other countries this is just the least of the problem. Some countries don't have access to modern technology while some have but refuse to learn it.

2. Geographical land size. Most countries have huge land sizes and a large population. It becomes uneasy for them to share resources and facilities to meet everyone's needs. Leading to the government taking loans from higher countries in power. This will make them indebted to the higher countries because some loans are difficult to pay.

3. Also, i would say, lack of sea access. Most countries have restrictions on sea trading. They are landlocked or are not interested in trading by sea. which led to incompetency in fighting invaders through the sea. Not just that, alone but they are unable to discover new things through foreigners that will visit and collaborate with countries by sharing resources.

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Some countries embrace technology, some don't, some also feels like investing in technology as a waste of money because they're so holed up with their comfortable condition.

but since the measure of human's advancement has always been technology which in a nutshell increase efficiency and utilization towards natural resources, it's no wonder that the countries which embraces such advancement coming out on the top.

country with modern industrial could add value to raw material while the country that lags behind could only get small value out of their raw material exports. so no wonder countries that can't utilize their natural resources as good as the other will get the end of the stick, because they simply don't have leverage in this current economy.

Topic: Adapting to the world's changing Economy - page 2. (Read 649 times)