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.

That's not all they do. Refugees are an extremely cheap source of labor and they usually get into jobs that others aren't so willing to enter. They keep the factories running, streets clean, etc.
It is also worth mentioning that right now the most number of "sex workers" across Europe are Ukrainian women!

They being developed doesn't mean joining them is going to help grow your economy.
Besides, when you say EU are you thinking Germany, France, etc. or are you thinking for example Cyprus or Romania? Do you see the massive gap?

Additionally I could have agreed with you if Georgia was in a different neighborhood (not used to counter Russia like the way they used Ukraine) and if it weren't 2024 where EU itself is weakening and is on brink of collapse...

That's not a living though! That is working one's ass off for less than minimum wage; a salary that is not enough for a single person to stay alive. 1000 euros is not even enough to cover bare minimum of cost of living in most of EU and that's without considering rent!

In your previous post you claimed that "these immigrants had a very good life when they migrated to EU (or US)"! That is not what a good life looks like.

The United States and China are not the first and only countries to dominate the world, we have had many different civilizations and dominations before. So it can be said that they adapted and then became the change makers for the rest of the world to follow. Even China was never highly regarded a few decades ago, but with the skillful leadership of its leaders and the consistency in reforming the country over generations. It can be seen that they have adapted very well before becoming the world's trendsetter.

Our world is changing very rapidly and any nation or individual that fails to adapt or is stubborn with change will soon fall behind and even be eliminated.

Big countries do the same thing as small countries, their people live there but they don't like the environment there.  Their government is also good and the people there also understand each other due to which their country is inhabit.  It is not the people of the country who think that they do not develop or succeed.  People there have a responsibility which they fulfill well but other people do not understand it due to which they do not progress nor change their thinking.

These countries are not the ones who adapt but the ones who make changes, that's why they are always at the forefront while other countries try to adapt but some succeed and some fail, even not a few.
These countries are led by people who understand how to advance their country and their economy is advanced because their education has advanced first, so economic progress begins with educational progress so that smart people will be formed in their fields

That could be true because the world is evolving now. I mean older techs and stuffs might have gotten cheaper now than compared to before when they are still new and these can still work effectively in order to bring some development for a country and then pretty sure that even African countries who are always known to be poor do also know how to save money like everyone else, so their savings must be high now because we are already at the year of 2024.

Africans are only like that we see but I know they have the potential. Those guys are smart, talented, and hard-working, so yeah that what you are saying there is true that they really can excel quickly if they are only given a chance but even if not for now, many of us still salute and respect them, especially after you debunk a conspiracy there.

Oh, I see. This is only the thing here but what will happen to their saving now? Are they going to keep it for now? And maybe hope the tie/curse will break soon? Let us only hope so though, if that was really the thing that they are doing now but worse is if they only remit it to those monopolic countries. We don't wonder anymore on why they are growing huge while others have been left behind but this is something that we must not be amazed of after knowing the truth.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
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.

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.

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.

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.

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.


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...

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).

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.

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.

I completely agree with your observation that the universe is constantly moving and changing. Just like humans have gone through many changes. Our approach has been shaped by technological, economic, and social developments. Countries that have embraced and embraced this change, such as the United States and China, have embraced this change. Be able to position yourself as a global leader their ability to adapt Invest in new technology and embrace new economic models This gives them a huge advantage in shaping the global economy.

Like in Africa its crucial to keep up the pace. Those countries that will continue living within old practices and have not welcomed new innovations like artificial intelligence or the digital economy will have a chance of getting left behind. The gap between countries "Living in the future" and "Living in the future" really exist. This is the outcome of uncertainty or unavailability to create and develop opportunities.

The success of today's economists can be traced back to their decisions to invest in education. Infrastructure and technology after major world changes such as World War II If developing countries follow the same strategic investment path in technology, education and innovation, They too can change their ways and be able to compete on the global stage. It is the realization that the future has arrived. and make a conscious effort to adapt to the future.



Actually, you're right. The world moves forward And history shows us that those who don't adapt to new successes succeed. Often left behind Individuals not only need to receive the latest news. But society as a whole still needs to develop. Just as humans must continually evolve and learn to stay relevant, so must countries. In today's digital age Ability to produce and create new things Domestically, it is of great importance to the country's global standing.

Look at the world's leading economies; they have the best investment in technology, education, and infrastructure. All this gets them access and influence among other developing countries. especially in Africa there is a need to recognize this and move forward by embracing innovation and technological developments or else they risk being overly dependent on imports and falling behind. It is not only a matter of economic survival. It has also placed itself as player in the future global economy.

That is to say, it is not only a step in advancing. It's also a process of determining one's own future. As such, precisely the same thing that happened in the United States And China did after World War II. If those countries No actions are being taken today. They will have difficulty competing in an increasingly digital automated world.

The gospel truth is that the world and everything therein are like stages; it moves from one stage to another. That is to say, old and new advances as time passes. What you find to be at the top years ago, can be replaced by some other thing stronger than her tomorrow. That's why we humans need to stay updated in learning new learning things so that we will not be left out as everything within us is advancing into a total digitalization era. So as countries. Countries are not left out in all this because countries need to equip themselves economically, and technologically in making and producing their things in large quantities for their citizens and the world at large; so that other countries do not look down on them as countries that can't produce anything on their own but dependent on import goods.

Yes right, Europe countries do not want progress of any other country of World and especially they want to eliminate the Muslims and they are opposite of Muslims and they are providing weapons to the Israel to kill the Muslims of Phalasteen and their wives ,their child  and their animals. Now market situation is dumping and Iran is taking against that because non Muslims always claim to do justice but they promote cruelty. But that should be change and future will be worse than today because one today there will be War and they will be distruction and we will see high impact on that on economy of World.

If I tell the truth our government has a hand in this because when there is a war between two countries which causes a lot of destruction and loss, many people also die, which destroys the economy.  If you see in earlier times there was a period of very low inflation, but then their earnings were calculate accordingly.  In today era, if something is getting more expensive it has the share of the government and also of people like us.  Because many people quote high price even if they keep their profit.  The real reason is the tax, which leads people to unemployment, but it does not benefit us.  If the government does not control it it will be a big loss for them because if the people stop worrying about the government, they will only lose.

Truth be told the world is going on an economic collapse and this is not only felt in the under developed countries but even in the developing countries. $100k of 20 years ago is not the same as $100k now, getting a house years ago was easier than now, poverty and unemployment rates has all increased compared to now.

Years ago you could depend on the government for work and survive on the pay but with the worthless currency and choking taxes you can barely depend on the government for anything. How I have chosen to navigate this economy times is try to build my skills and sell what I can offer.

Psychology has made us to understand that human beings can adapt to any situation, so economically even when things are changing and powers are shifted to a certain domain, humans tries shift along, change they say is constant, so it's a constant trajectory of the human race.

The African youths are aligning themselves with the current changes of economy across the globe, a lot of them are into tech and other innovative and creative sectors that are economically driven, they've mostly left behind the political leaders that have tried to strangulate them with orthodox policies. the orthodox way of doing things allows fraudulent activities and opaque operational system which they are very comfortable with.
U.S, China and the entire Europe are economically viable today because they've been able to accept new ideas and innovations that allows for growth in terms of economy, they've built strong institutions that regulate revenue generation with ease.

USA became strong and rich because for the first part of their history they had a huge land they profited from and sold their crops to whole world making money hand over fist, and used that money to industrialize and sold cars to whole world to once again dominate the world market. Only after 60's when the Europe recovered from war, and other nations started to grow, we started to see other nations finally start to compete with America, for nearly 200 years they figured out ways to be richer than everyone else by just building more and selling more.

Nowadays they are still stronger than everyone else economically, but they are making their people homeless and drug addicts if the yare poor, in order to keep the macro economy looking strong. China is another story, they literally let tens of millions of people die of starvation to grow, and then they ended up using their population as slaves to manufacture to the world, both of which allowed them to get rich.

Well, it's not like Africans don't want to adapt to the changing economy for better, but one thing needs to be noted, that leadership goes a long way in helping a country adapt to economic evolution. By the time a country's government is selfish to hold resources and not invest in the citizens or the country at large, then changing with the economy of the world will be slow.

Imagine a country where there is no good infrastructure, no good education to train the young ones, where the leaders of tomorrow are being forced into hardship, and the elderly that are supposed to step down from places of position are still occupying. Not like underdeveloped countries don't know what economic evolution is or how to hop in, but certain leaders, are just making this evolution harder than it's supposed to be.

So, evolution needs to start from human beings, the government needs to come to care about people. Because in certain African countries, individuals are now going out of their way to be the evolution in their community, if the government will not. Hence, it is still slow progress because it's supposed to be a collective effort between the government and the people. So, the economic evolution is well known, but it needs certain capacity and resources to be carried out, especially in Africa, which is being influenced negatively by poor leadership.

Most backward African Countries today has the resources and  capacities to fix its economy problems but their major challenges lies on monopolies especially when they have been tied by their colonists having uninterruptible derivations on the economy decision making.
Let me tell you, the Europeans and American colonies fears to give African the privilege to explore in its respective countries as they could because they do not want to see the African continent ahead of them.
Africans leaders knows becomes answerable to the foreigners because they are lightly being manipulated in their geopolitical places.

True. There are countries that are still backwards in terms of developmental structure, thier exposure to technology and the retarded pace of her economy which are all a function of thier inability to be open minded in terms of embracing the kind of change the world has witnessed.

The US, China, Russia and all the other big nations that have developed tremendously didn't just do that because they wanted to adapt to any system. They did that because they were able to  understand how the world works and put out effort to position themselves at the top by becoming thier own competition. The USA wants are educational system to be better than that if China and China wants same. All of them are arriving to be the best innovative country and that in turn causes them to outgrow other nation that's relaxing and that's not putting out any effort to ensure that they equally grow and become relevant like the countries at the top.

It is the indecision of the stagnated country that made them remain the way they are while the proactivenes of the countries that aiming for the top has helped them to continue growing and advancing in almost all areas.

For a country to thrive it first needs wise people and secondly it needs wise decision makers who collectively make the correct decisions at key times without wasting any opportunities. China did it best. They took advantage of the global conflict (World War 3 aka the Cold War) and expanded its economy and in a couple of decades became the strongest economy.
US did it the worst way by abusing the WW2 destruction to become dominating power and then they started lots of wars and destructions that has been pulling US down (hint: 35 trillion dollars of debt).

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.

True, countries have to be responsive to emergent technologies like AI if they are to compete, but IMO just following any trends will not get any country any good. Most African economies do quite well in leveraging AI in focused areas such as agriculture, finance, and governance. Kenya, Egypt, and Mauritius have already adopted national AI strategies and thus helped push innovation across all sectors.

Of course, it is not a matter of racing for every new technology either. One is bound to be circumspect about serious pitfalls that could displace jobs and cause economic inequality in countries at a nascent stage of development in respect of their labor markets. While adaptation is the key, it is equally important for countries to balance their progress with ethical consideration and policy on inclusive growth.

I would just like to clarify, USA was already emerging even before WWII. US was one of the earliest adapters of industrialization. Even before the war, factories and different machineries already were on the rise in the country. It is one of the biggest economies back then with UK, Germany, USSR, and Japan. China though I would agree that they were not as big as they are now. They natured the nickname of a sleeping giant because its potential was not really realized or maximized yet until the 1970s.

One thing that you seem to overlook when describing the countries doing strongest economically - it is capitalism, or more specifically, reasonably well regulated capitalism, that has allowed them to prosper so much. It is one thing to have a good idea, but to turn that idea into success you need many things - a good education system (to train you and others), a strong legal system that will protect everyone relatively equally, infrastructure, a government that can defend the country but is not overly antagonistic to neighbors and ideally many other public services in between. In some countries like China, you have pieces of those but the opaque and erratic style of rule makes it hard to plan for the long term.

Why countries like the US, China or Russia can advance rapidly in the world economy is because they do not forget where they come from, uphold principles and culture, defend their homeland, even in the midst of sophisticated technology and modernity they know the results must return to their own country. Not only in terms of wealth, they also trigger chaos in various underdeveloped countries, seize natural resources, instill a contradictory way of life to control the next generation. Not a few also interfere in other countries' wars, offer peace while doing arms business.

All that has passed and now we are in an era where every country should be able to develop more advanced, manage available natural resources, do business with foreign countries. However apart from this cooperation, remember that a developed country is a country that is able to stand on its own land and cannot be dictated by other countries. Just look at the US, China or Russia, is there anyone who dictates them? no one,  so that they are able to advance to become rulers in all financial sectors.

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