Topic: How can we improve our country's economy by on culture or ecosystem? (Read 917 times)

One problem is that European countries are mostly wealthier than Asian. That significantly affects the education and economic aspects. Moreover, education problems aren't mainly because of lack of labor or internal education systemic failure, by the large aspect, basic resources do importantly affect the education outcome. If within some country they have other issues like a high famine rate, and people lack basic access to needs like water, then education is not mainly the culprit. It is a known fallacy that by solely improving education, then all other problems would be solved.

The things that also need to be included in consideration, in regard to improving the economy and education, are the complementary resources that help people to have basic and comfortable living. If people's basic needs are fulfilled, then it can continue to more conceptual matters about what education policy that work effectively.

Governments need to be very careful when it comes to how they prioritize their budget and how they want to run the economy of their countries, I say this because while the tourism sector can bring great profits to a country, at the same time it is the kind of industry that is very susceptible to take a turn for the worse for any reason, this is what we saw with the pandemic, in which local and international tourism basically dropped to zero as no one wanted to travel at the time, and I am sure there are many countries that still have not recovered since then.

In improving education, of course the government must have human resources who have the desire to develop and there must also be support from the family, of course it will be even better, because if only the government facilitates good education while there is no support from the family, of course the education will not can run well.

Currently, the tourism sector is very popular, so if the area has good natural beauty and the government can manage it well, of course this will really help the economy around the tourist spot.

If the government of the country you live in doesn't want to financially allow it, you can never do it alone because there are so many factors involved. For example, how the economy will be managed in a country is well followed here. If you want to say differently then you can't do anything outside the law in that country because there is a specific law in that country.Even if you take a good step in a country where you can't do anything outside the law, that country's law will be considered a hindrance.

Early education is a crucial area for the government to get involved in; after all, isn't it the cornerstone of future progress? My experience is that a government that prioritises education early on invests in itself. High-quality employees are created by demanding and supportive education programmes

In the economy, culture and ecosystems are important. Without trained managers and innovators, these sectors run in place. Government must increase learning opportunities and support mechanisms. A strategic investment in human capital is needed, not just money

Tourism promotion is amazing now. But it's only a piece of the puzzle. If the community isn't educated to benefit from these activities, why bother? Govt. must act, not just supervise. Empowering, not controlling, people. I value strong leadership that establishes independence. This creates a sustainable economy

Sound advice, but those that require to hear it and follow it will probably never do so, and this is because they are exposed to so many ads and posts that claim that investing in shitcoins it is the way to achieve their dreams that they are completely convinced this is the path they should take, and the only way to convince them otherwise is for them to suffer massive losses so they have no other option but to reevaluate their beliefs and change them.

The cryptocurrencies that disappear from exchanges every year are shitcoins that are completely meaningless to own and anyone also doesn't need to put more effort into such cryptocurrencies. Because any shitcoin will not provide benefits to anyone so what you have to keep thinking about is a cryptocurrency that has clearer basics like Bitcoin, so put your mind only on Bitcoin and forget about shitcoins which always have the potential to disappear from the exchange every year, because you will feel more comfortable when not thinking too much about shitcoins.

The government plays a big role in educating from an early age in order to create quality human resources so that there will be a positive impact in the future.
In an effort to improve a country's economy through culture or ecosystems, qualified human resources are needed and also full support from the government in creating learning and opportunities. For a country, this is something that continues to be pursued with differences depending on the country's strengths.

In my country the government tends to promote tourism to various regions that have diverse cultures to attract attention which will have an impact on the economy of local residents in particular and various other supports such as facilitating creative industry players, artists and others.
However, unfortunately education from an early age for human resource development is very lacking so the government's role in guiding it is difficult because it is always under supervision due to the local community not being able to develop it independently.

Another orientation in terms of fundamental analysis, we need to understand what types of applications are being built on the network and how much demand there is for them. Yes. There are some good exchanges out there so. Protect and increase our investments in various ways and we must also pay attention that there will be a number of cryptocurrencies that will be lost every year.

I think schools need to change their education system to get rid of this problem. Since the schools are controlled by the general government, we can see initiatives only if the government brings changes in the education system. As the OP said this problem is greatest in Asian countries where schools only offer formal education. No education is imparted as an entrepreneur. But if knowledge about various financial matters was given from there, then many entrepreneurs would be created and employment opportunities would also be created. Because a student gets enough time in school life, from there he can acquire good skills in various subjects. It is a shame for the nation if any student unemployment for work after completing his education. Not only formal education but also vocational education is required.

This change can help create new ways of managing from one community to another. Education to the public, mutual conferences between different branches or groups of the community, and raising awareness among them are other avenues for this change. Leaders elected by the people can show commitment to and responsibility towards their kin and community. Economic education and awareness is crucial for the generation. People can improve their financial future by having rich financial knowledge and learning about investing and help adopt the proposed changes. One of the roles to be played is to raise awareness among students about this process.

I believe cultural differences definitely influence the financial decisions we make. I heard the news that in India there is unclaimed money. Do you believe that? Why earn money if you can't spend it?The answers are that, for unforseen costs and legacy, having money in the bank made them feel secure, but they were scared they would run out of money if they started spending. Saving too much and dying with money in the bank Here's the importance of financial literacy: whatever country you are in, just learn it.Even in many countries, they do not provide financial literacy but instead go online and teach yourself. And secure your future without compromising today's dreams.

Schools in general only prepare us to be ready to become workers, so it is very rare for entrepreneurs to be born from academics unless they really have big intentions of becoming entrepreneurs rather than workers, things like this have also been a big problem in our country for quite a long time, even for me at the beginning after graduating from college, I'm really confused about where and what to do. However, education is very important and has become part of the culture throughout the world and usually those who are highly educated will be more respected than those who are not educated.

I'd argue that there's a method to this madness, especially with the trope where Asians teach their kids to save while Westerners teach their kids to invest.

One of which is the fact that for the most part, they employ a capitalistic approach on everything, and because of that, they push for whatever yields them profits, not whatever would keep their money safe. Besides, Asian currencies do not depreciate that fast in value as much as western currency does, so in our heads, there's no need to invest money and prepare for when it gets devalued, when the threat of losing it is much more dire. Plus you can't battle against culture brother, that's literally hundreds if not thousands of years of heritage that they build upon themselves, battling the culture even for a noble cause is a fool's errand, especially if you're hoping to change the system.

Some accounting subjects are just being taught because it's part of the education curriculum but to be honest, students aren't really adapting it because yes, educators aren't emphasizing everything unless it will be the main course of a student. That's why nowadays, there are paid courses of financial management is everywhere.
We can't really rely everything at our educators because most learnings about financial management is we could only get from our experiences. It requires eagerness, self control and self discipline to implement it personally.

Actually they do, I think most of the countries taught their student on how to save money but then it is not properly executed. Here in my country they teach basic accounting even though you are not really into business course but it is just that because it is not really connected to the course you are taking with , some professors will not teach it properly and likewise student will not study it entirely

Yes, I think saving money should be common for us and what the education only teaches us is what are its importance but not literally imposing us to save money because in the first place, it should be our responsibility. Also, I think financial education varies from what program you are taking. For instance, teaching financial education on medical students is not as extensive to entrepreneurial students. Simply, teaching financial education can be somehow selective and that it has certain degrees depends on the program you are taking. Just like what the OP said, I did not encounter any teachings about the importance of investments.
In my country, financial education is only taught in secondary level, so I think the best way to amend this is to have financial education as early as the foundation level of children and that is the primary level.

The countries never teaches us to save money in any way,we should take responsibility to save the money.From our bad times,we should understand the value of the money.After learning more about the savings,you can start to save a minimum amount of 10 dollars every month from your salary.When you adapt to saving increase the saving from 10 dollars to one percentage of your income.So you may increase the savings to 100 dollars,if your salary is like 10k dollars.So finally you will have huge money in your wallet at the emergency time.

I slightly disagree with this statement "Success in any endeavor is 80% psychology and 20% skills" I think they both go hand-in-hand or even have greater skills in other to operate to full capacity.
A person who has only 20% trading skills despite their psychological level can not compete with someone with 100% trading skills with the same psychology. The same can be said about a pilot flying a plane with 20% flying skills and a pilot with 100% flying skills.
Assuming there is a tag on each pilot indicating their percentage flying skills and their percentage psychology, I don't need to tell you what the reaction of the passengers would be.  
In today's world, people only care and look at your skill level in most human endeavors before considering your psychology and not the other way around.

I cannot fully agree with your point. I think every country teaches saving money.  Also teaches to invest money in every country.  It totally depends on your desire how much you can improve and earn.  Each country is governed by different ideals.  But that does not mean that any country will teach you to save money only.  Of course, they will also give instructions to invest along with depositing money. And the matter of investing is completely dependent on you.  Good education and bad education exist everywhere, which one you take is up to you.

Alright, let's be upfront here. First of all, Asia is a whole continent made up of countries with different cultures hence the generalization is off. It would have been better to state that financial education in Asia is lagging behind Latin America and other regions due to Asia's limited experience in the financial education sector. In fact, according to Yoshino, Morgan, and Wignaraja's 2015 study entitled Financial Education in Asia: Assessment and Recommendations, the reason why most Asian children are being taught to save rather than invest is not because of culture and other factors but is due to two factors: (1) lack of diversity in financial products and (2) lack of unification between education programs at the national level, the level of central banks and regulators, and the private sectors.

In conclusion, it is not culture or ecosystem that affects why most Asian kids are being taught to save rather than invest, it is the countries' lack of experience in financial education.

Link to the research article: https://www.adb.org/sites/default/files/publication/161053/adbi-wp534.pdf

although it cannot be generalized, I agree with what the OP said, Asians tend to choose things that are safe because they have been taught since childhood to play it safe (saving) rather than playing risk (investing), So don't be surprised why deposit interest rates in Asian countries, especially my country, are quite high, that's because the majority of people like to save and are used to saving.

European citizens' financial education is also very good when compared to Asian citizens, I still remember a tourist from Europe who had visited my neighborhood saying "life is short, so you have to work your money through investing not saving"

Prioritizing financial education takes precedence and should serve as the cornerstone for everyone's growth in the financial realm. Opting for experts who are more proficient and verified holds paramount importance here. Regardless of the magnitude of your payment capability, maintain the conviction that their knowledge is most deserving of consideration.

For fundamental analysis, it is indeed employed as a reference in long-term investments. Everyone should acquaint themselves with the fundamental aspects of the relevant assets to comprehend the future projections of a project or associated company.

As for technical analysis, I wouldn't recommend it unless you genuinely wish to squander your brief time. Candlestick patterns no longer hold the conducive value they once did for investment references; what holds utmost significance is the fundamental analysis.

In an effort to improve the country's economy, of course there are many things that need to be considered and will depend heavily on the environment and the surrounding community to be able to produce what they can develop to be sold on the market so that it can help the economy of the surrounding community. Each region certainly has its own cultural characteristics and this will be very good if they can develop the culture they have and of course this will depend heavily on the surrounding community and support from the local government, if this can be developed it will certainly greatly help their economy and of course it will

To improve the economy of our country through culture or ecosystem we need to remove prejudices through culture the society is full of prejudices. Most of the people in the country are poor and economic development is possible if their standard of living is improved. Also, we have to take appropriate measures and provisions to govern the market, stop the injustice of free trade, implement the human rights of farmers workers citizens and protect the environment. This is not only economic development, but overall development, which will advance human potential towards full development. This development will serve the society and thereby increase the self reliance and self control of the common man.

Improve a population's education standards and relieve them from religious dogma and a lot of these problems will get controlled. Lack of job security and unemployment are major stress factors that worsen the mental health and productivity of a country along with that discipline is essential too. I feel that even though such problems exist, certain people will always take advantage of the situation and make profits off the same. Like the people who made profits during the pandemic and the war, such people will always prosper and sustain through tough times.

Learn from such cunning people and try to inculcate their habits and methods. The ability to quickly identify which market is going to be in demand is a trait and should be tried by all.

You can do as you wish and even evade taxes to denounce your government but you should not use this incident to stop developing yourself.  The best action to improve a country is to improve oneself.  Don't be reliant on the invalid/sick government.  By improving oneself and being self-sufficient is one way of contributing to the improvement of the country's economy.  Imagine if the majority of the population is self-sufficient, it will definitely skyrocket the county's government


Obviously not but will you let this kind of government to stop you from improving yourself and your own economy?  Do not put blame all the problem to the government often times it is our owndoing why we are lacking.


True that, when the government acts as only a decoration, then it is much needed to make ourselves confident enough to be self-reliant and improve our personal economy.

This was pretty advanced. Normally we can only hear that parents are teaching their children on how to save money, but now that we have an idea, we can also incorporate it to the existing lesson that we provide. You can't depend on debt alone because how can a company or someone lend you money if they know that you don't have any stable source of income such as working on a real job? But working hard doesn't mean that we already have enough money.

This is why lending companies are successful because lots of people are using their services. It only boils down to how we control our selves. Teaching kids to invest also sounds unusual but why not right? Maybe they can't do it in their own for now but once they hit the right age, they already know what to do.

It probably only happened to a small part of society in the past in some countries in Asia, because I don't think that all parents in Asian countries are like that. Currently, I myself have also begun to find slight differences in the way of educating children by a small number of parents in my environment, where they gradually teach all the good things for their respective children, including matters related to the economy.

So what you said didn't always work like that until now because most parents in Asia also see how their child's development level is when they don't really care about important sciences like economics and others. And for more details, you can see and make your own research on how to educate children by some parents in your own environment from now on, so you can find out what differences exist in your community.

Well not all Asian, I don't want to sound stereotyping but it's true, all of my chinese friend were taught how to manage their money, and how to make more money from the money that they got from their parent since they were young. Not all of them are rich but even the middle-class chinese parent teach better about money compared to other rich non-chinese parent. What I am saying is that other Asian parent should do that too, it is not impossible and not so hard.

Debt can bring both positive and negative things. The positive is that we can increase the expansion of our business or sales using debt. This is often done by world businessmen. But the negative is (because this is talking about teaching economics to children) when children think that debt is not debt. It means that when we see debt as our money it will be a problem because we will tend to use it for consumptive needs.
That's why I think there is no problem with debt, but we have to teach our children about how to manage debt to improve our economy. But it is very difficult because children tend to be psychologically immature.

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Of course! Most children in Asia have parents who work all day and sometimes even a whole week. This causes a lack of parental role in raising and educating children. In economic terms it is the same. I believe most Asian children experience childhood without economic guidance from their parents. And I'm grateful because it makes us strong people in finding our own way to improve the economy and help our family's economy.

It's a good thing if parents teach their children not to be in debt, and in my opinion this is very good for training children to get used to working hard and not depending on debt, like it or not, of course debt is a very torturous thing because of the high interest, training children to invest in gold or any other commodity is a very good thing.

What of if you live in a country where your government don't even care about the citizen? Where tax are collected from the citizen and no infrastructure development.


Are we going to encourage and support them on more embezzlement and corruption?


I so much love this. Developing oneself and have confidence in oneself can be a key way to develop ones country.

I also feel the same way, in my education I have never found the knowledge of making money immediately, when I finish my education it will seem strange that education alone will not be able to do anything to make money and this is a very sad thing, so I have to trying various types of jobs in order to make money.

I generally want to comment on my own country, Türkiye. Children here are always taught to never use debts. Total avoidance is never good thing like parents say. Parents are worried of getting too relied on debts in spiral. But sometimes debts can be very advantageous. Also young people are never taught with investment schemes. People only know to buy international currencies or gold. But there can be better opportunities in Turkish companies stocks (sometimes making %10 a month profits in USD!)

Most of us are the same; school doesn't teach us how to hustle and earn money; they just teach us what is written in the book and prepare us to find a job. There is no business or other financial stuff that was taught to us; we need to discover it on our own. We know that we can learn it from the internet, but it is still good if we can also learn or tackle the basics of it in school because that is really one of our goals in life.

This article really opened my eyes. I never taught of it that culture can affect the economy but with the example above, I'm a bit convinced.


Most people believe in fixed deposit than investment. This is because they never think of the importance of investment to their economy compare to when the money is fixed. And also just like the OP as early said, most culture teaches savings rather than investing.

It is possible, but there should be an independent organisation to work on it. The growth of the country relies on the diverse in culture and the government's act of producing more opportunities. Whether it is inflow or outflow of money, proper reason behind the same won't be having much impact on the price of bitcoin and other cryptocurrencies.

I live in one of the Asian country and I am very much agree and I can relate this with my experience, my parents weren't so educated and they are too busy working to teach me anything about money, I wish the school could teach me about money management, and I think there are many people facing similar issue. After I get my first job, working and earning money was easier for me than managing money, the only thing I know was saving money to my account, nothing about how much can I spend for entertainment, for food , etc. I only learn about those thing and other financial thing from the internet.

As citizens who care about the progress of the country, it is time for us to always know and play an active role in all government programs, for example is to increase the country's foreign exchange with culture, if our region has a unique culture, it is time to make a professional manager, we can ask Assistance or support from the local government, by actively providing promotions, tourists will come and local economic life will develop.

Far too generic I am afraid. Many European countries do not have the culture of investing, they have the culture of saving and having for the rainy days stored under the bed. The investing culture is far stronger in US and in some countries such as the UK in which people usually have a bit more of an economic background and culture.

I don't know maybe if there's no corruption here in my country you won't see any children begging near the road. You could even see the government officials living in the comfort life with a mansion houses like where did they have the money to afford that right? Of course corruption.

Not only the taxes prices that are the thing but also almost any transactions here are included tax like some restaurant. If they don't take the fund of the taxes of the people maybe some kids are afford to go to school with some support from the government as well the scholarship. There's a lot of thing that the corruption have affect to people but they prefer to choose to live in comfort. If ever there's no corruption and still the country are worse maybe the citizen itself doesn't even cooperate for the better country, well there's no such thing as perfect.

Do not expect the government to support you. Yes, noble national governments should care about supporting citizens to contribute to building and developing their country, but the reality is unfortunately the opposite. Even if you give them a lot, do not expect support from them because politicians in all countries are corrupt and only care about power and filling their pockets with money.

Yes, they care about the voters at the time of the elections only to get their votes, but after that they only care about power and money.

Therefore, we must strive to develop ourselves by learning and acquiring the necessary skills, then starting our own business without waiting for support from governments. This is how we develop ourselves and our countries as well.

Entrepreneurship is not only suitable for local residents in a country, but also suitable for immigrants from other countries because in developing countries people's purchasing power is still very large and can continue to increase at certain moments. So it can clearly help solve life problems which often experience difficulties in terms of income and usually this is very often felt by small and medium-sized communities.

That's why doing business is very important for everyone because it can really help each person's family life. After all, the level of income can also be clearer when the business can sell in large numbers so that other people can also be motivated to rise by opening other businesses in the same place. Because countries with status that are still developing are still good enough to be used as business areas with more profit potential.

Surely if your friends get a loan from bank, the bank will make money from your friends because they need to pay the loan with interest. Since the @OP talk about country's economy, your friends aren't entirely wrong because they help your country's economy.

Saving will not make the country's economy increase, consumption isn't bad as long as it used to buy local product, not the import product.

It would be amazing to have zero corruption, don't you think? As simple as that sounds, it's not. This is like to saying, "All we need is peace in the world, and everything will be okay." Even so, how can we really accomplish it?

The true difficulty lies in putting anti-corruption measures into practice, not in writing them. Concerning taxes, what about them? I would love to be able to purchase more cool items from my favorite online retailers if taxes were to drop. Nevertheless, you know, taxes pay for a lot of necessities. hospital, school, or road? Furthermore, those items won't simply pay for themselves if there is no corruption

Though there are still a lot of finer elements to work out, the overall concept is quite attractive. Activating the light switch and witnessing everything come to life is not the only complicated aspect of it

The root of the problem is how to get rid of the debt spiral and start saving extra money and then learn how to invest it. In my area, many friends all dream of buying things with debt, a new house, a new car, or a tourist trip that is paid in installments, and after several months the person is surprised that he owes a lot Of the obligations, even if the salary is delayed for one day, he will need to take a loan, and here the real problem begins.
Learning not to buy something you do not need is the beginning of correct financial thinking, including investing in bitcoin and all cryptocurrencies.

Additionally, it is somehow already accepted by some, they have this mindset that for as long as the government officials are doing their job then they can pretend that corruption does not exist. But I do agree with you. It is up to us to start the move in teaching the effects of corruption to us and the whole country. It may not take effect as quickly as we want, teaching the younger ones about the effects and system of corruption will surely cause a wave of movement in the future that will affect the future of the next generation.

Eradicating corruption is not an easy thing to do as many people have talked about because this has become a culture for those who have the power to commit corruption and this will be very detrimental to many people, but we need to prepare various strategies so that it can be carried out well for us teach it to the younger generation and if we don't have room for it we have to start first from a small scope such as teaching our families about the dangers of corruption so they can carry it out in their lives.

In developing countries, having a background in entrepreneurship can really help solve local problems. Because direct income generation through a startup can help remove middlemen, who often make up the bulk of the profits, in the system.

There is clear evidence that building and succeeding with a business can improve a family's status in society. While financial literacy is important, without the financial resources to apply this knowledge, this is also limited.

It seems to me an interesting analysis as well as enlightening, you highlight the importance of financial education as a crucial factor to improve the economy of a country... Certainly the lack of awareness and technical and fundamental education can limit the financial potential of people. Your focus on educating people on how to make money, manage it properly, and make it grow is essential to empowering people in their financial decisions

In second instance, this cultural disparity can have a significant impact on how people manage their money and pursue financial growth opportunities. Undoubtedly, promoting a more open mind towards investment and risk can be beneficial for the economy. That is why I highlight the comparison you make between the savings mentality in Asian countries and the investment culture in European countries. It's a widespread approach that could have a positive impact on how people manage their money and participate in investment opportunities.

As citizens of a noble patriotic community, we need to support the government through what they are doing for us, we gave to be supportive and encourage them to do more through the attitude we show in appreciating them, also, we need to develop our own self confidence and reliability in what we do, we are not expected to go by what comes our ways, we needed to be carried along in understanding the benefits of every development that comes our ways indirectly goes to the community as well.

Sounds very simple and easy, but in fact this case is very difficult to solve even though the government forms an extermination organization. The KPK (Corruption Eradication Commission) formed by the Indonesian government has not really been able to eradicate corruption in Indonesia so far.

Corruption does not only exist at the top level, but this case even exists at the bottom level. No doubt, the country's economy is always difficult and we can find officials and elites who have abundant wealth. In fact, I can say that corruption is a culture that is increasingly being adopted everywhere.

If you only talk about the culture that exists in Asian countries related to teaching about finance, then what the OP said is true. and that goes for every individual. And indeed all of these are fundamental things that must be corrected before moving on to other big things in the financial world. Getting used to investing rather than saving is an important thing that can even bring drastic changes to one's finances. It's just that building awareness like this sometimes requires a process and quite a long time. Especially for generations who are afraid to adapt to increasingly advanced technology.

But when talking about the utilization of local culture. I am very proud of my country which has a wealth of local culture which has been utilized by the government to open up more tourism spots with all their uniqueness that bring foreign tourists into our country and spend a lot of money. Which makes our country's income higher from time to time.

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

Right now it's easy for us to make videos or content on social media that can display unique things from culture, of course if it's interesting then it's easy to get tourists to come to see, of course it requires easy infrastructure and transportation so that tourists are willing to visit.

It caused by either the corruption by government or low quality human resource.

It may caused by bad strategy from the government, but I think the chance is low because they've make calculation about the expected gain and expenditure.

Bitcoin, fiat, inflation and debt are just money, that's not the reason why those countries declare bankruptcy. Maybe there's a country choose to invest their money in Bitcoin, but do you think the profit is always enough to cover the corruption and unproductive citizen?

The culture in my family is that we are taught how to save. Yes, as you said, I was told to save and was never told or taught to invest and manage my finances well. Now that I've started learning about how to invest and manage my finances, I think the two should go hand in hand. If we only save, our savings will have a different value in the future because there is inflation that occurs every year.

I think investing is something that is very important to do, we can't work forever, the older we get the harder the ability to make money. We need financial security in old age, one of the best ways to get it is by investing. Even though investing has a lot of risks, we need to do it until we find the right and profitable investment instruments

For this idea of yours to thrive it all has so much to do with the cultural milieu we find ourselves and how it supports such idea and how available are those facilities that necessitates or may encourage one to invest. The Western world is something different from those of the South Pole and their interest is different altogether. Only a very few now are migrating to the idea of investing in the future for posterity sake. When we want to analysis a factor we should be careful not to use the yardsticks that be in those areas to determine how things should be same on the other side.

That’s very educating article you have written. I always keep telling myself the only way to earn more save more is through proper education on how to “manage the income”. Obviously if I am capable of doing it then I would promote myself to new levels of monetary savings.m which will ultimately help the country to grow. Well if I’m managing properly then I am also paying my taxes on time, I would be making more progress every year and thus more contribution towards the taxation as well. Definitely agree to entire article. I won’t go much in the technical analysis because that is different part of investment or rather way of earning money.

It's true that there have been a effective use of the advanced technology with improved innovations over the use of the internet and social media and the pace is fast increasing, but still yet, there are means to which some of our local traditions affects this advanced was of introducing new technologies because we are too used to culture and traditions and don't want to take risk for trying something new, but because but because of the wide adoption of the social media, it's becoming more difficult for this cultural and traditions less effective on the economy advancement.

On average, what we see is 80% of the loss and a small percentage of them are able to survive and get the highest take and profit of 10-20%, the lowest is 5%, if there is one. This is a common condition that I have noticed from friends who are active in the world. trading. When you're a senior, you're sure to be very different in terms of skills and emotional control.

There's still a big factor and contribution of someone's skill and that's why if someone who's too skilled on many things, the chance of being successful is high.

Having that, that person will be able to help and contribute to improve the economy of the country through the skills he's got and the result of it, salary.

But this topic seems to be giving the burden to the shoulder of people who just want to work smartly and hardly or, I may have misunderstood it.

@OP you're completely wrong.

Making money, money management and growing money are affect individual's wealth, not affect country's economy. If you want to improve your country's economy, you must report your total earnings and pay your tax! this is the most important factor to improve your country's economy.

Now I ask, you're participate in signature campaign and you're get paid every week, you're live in Asian country where it's mostly third world countries e.g. poor. Do you pay the tax from your earnings in signature campaign?

In India there is to much power in the hand of politician , Judiciary, IAS and IPS these people most of the time they miss use their power, if we want to fix this problem of ecosystem then first we have to remove this system. In India there is an unity in people then they can protest. People can easily get united and can remove corruption. And yes to improve country's economy we must have to focus on tourism as well as need to give boost on business and investment and also can invest on eco friendly industries like waste management, renewable energy and organic farming etc.

The presence of social media makes it easy for us to introduce anything to the world, if we have a good culture or place, it is time to invite many residents or anyone to actively introduce these tourist attractions, this has proven to be more effective so that it will make the economy of local residents increase.

Agree with you, besides that, for a country to develop economically, it has to fix all of its infrastructure first. Until it connects to an area that the area cannot access. In order for the mobility of goods and agricultural products to be distributed to cities, human resources must be educated. In essence, the government must make policies (revolution of the economic system) so that people are more productive and reduce budget spending that is consumptive so that the government and society can create products that can be marketed to other countries. In addition, the legal system in each country must also be even better where corruptors must be eradicated with stricter sanctions against corruptors. Because these corruptors always take the budget for the welfare of the people.

Investment is taught in the school environment, it is very good as you said, but it is also important that the mass media educate financial literacy education because the mass media is also able to shape the culture and public perception of financial education so as to increase awareness and understanding in managing their finances. Of course, the most basic of financial education is the family because everything has to start from the outside environment first. Parents have a very good role in teaching their children about money management, saving and making decisions when investing. Taking steps like this can help society in general to deal with financial problems better in the future.

If in Asian countries children are taught to save and in European countries children are taught to invest, in Latin American countries children are taught to spend or to borrow money.

It says a lot about the mentality of each group of people and how the local governments handle the financial matter. At schools this subject is almost inexistent, and that is a big issue, because it's there where we should have learned how to invest smartly, how to avoid inflation, that is fiat's depreciation which has been happening along the years and decades. Now this reality is slowly changing for the better, thanks to the internet and opportunities of investments like Bitcoin, which are decentralized and opened to everyone.

But if we had to wait for our local authorities and intellectuals to enlight the masses, we would be lost!

Trading in the long term looks more like an investment even though it's not that much like an investment because it will still sell immediately when it sees the profits already there. And I think that for trading, the method will not always be the same for everyone because it is indeed influenced by time and also existing knowledge.

Apart from that too, if things like trading and investing were taught in a school environment, I think it would be very good too because every student would learn how to see risks and also how to see an opportunity when targeting profits on what they are going to do. So all these new things and concepts will not be a loss if they are learned by students at the upper secondary school level.

The lack of awareness about financial education can indeed have an impact on our culture Without Proper awareness it becomes Challenging to understand technical aspects and incorporate them into our daily, lives and culture. That  why the main point is to enhance our culture by acquiring financial education and learing how to apply technical concepts to our everyday lives

If these concepts are actually taught in schools the culture will benefit greatly. Long-term trading is an option if you work a job and don't have the time to do anything extra like trading or sit in front of a screen. You can get the proper ideas in this regard via technical analysis.

To improve a country's economy one way is to promote the tourism by showcasing the country's unique cultural heritage and natural resources. It can be done by showcasing cultural festivals, tourism and promoting the different cultural practices of the country. To invest in eco friendly industries such as renewable energy, agriculture and green technology. It can help protect the environment and also it can create job opportunities and boosts economic growth. A strong focus on culture and ecosystem can lead a sustainable economic growth while also preserving the country's unique identity and natural resources.

True. It's way easier to take risk in a society where you have job security and other social amenities like healthcare and the rest. In a place like that, people tend to take more risk with their money.
But still, it doesn't mean people in Europe all invest their money because they investing is something that people learn to do. Not everybody is inclined to invest. Investment is not thought in schools, so it something you use your initiative to do.

In some societies in Africa, young people are even advised against chasing money. It's the current generation that is turning things  around. This has been part of the problem Africa has been facing. There is a believe that only older people should have a certain amount of money. This has been a problem for the older generation and they still feel the effects till today.

We could install a two (or more) class money system, where the inflation rate of the higher class is higher.

For example:

- Persons with a yearly income of more than 100,000 USD or savings of more than 250,000 USD could just use "Currency A" with an inflation rate of 5 percent a year.

- Persons with a yearly income of less than 100,000 USD or savings of less than 250,000 USD could just use "Currency B" with an inflation rate of 20 percent a year.

- Prices should be pegged 1:1 between Currency A and B. For example: A bread costs 1 USD - but group A can just buy with currency A and group B just with currency B.

In a developing country, having a knowledge of entrepreneurship can help solve the problem.  Since we put the task of earning money through our selves directly, we remove the middlemen, who often gets the biggest share of profit, in the system.  We have seen several proof how creating a business and making it succesful helps a family to improve their status in life.  Financial literacy may help but without finances to manage how can this knowledge be applied.  So I think it is better to establish a steady source of income while we are learning about the ropes of financial literacy.

if you have such limitations in your country, it means, you also need to change your lifestyle to cope up with your survival. i understand that it is hard to live if you are just earning enough to pay your bills. look for alternatives to improve your economic status, maybe, it is where you live why you are on such situation. move to an area where the cost of living is low, just to give an example.
improving our country's economy is hard as it is beyond our control. but you can always improve your status of living on how you do things in life.

In our case, we are in a 3rd world country no matter how hardworking you are still you need to work around 2 to 3 jobs so that you can feed and supply your family needs in this kind of inflation. Yes it will be very helpful if financial literacy will be teach in schools but in a reality if a country doesn't have enough resources and plan that will help people it cannot be done so easily. Improving economy of a country literally involve the government with a good plan and strategy on everything.

If you start to think about losing the value of money saved and stored for a long time, that means you need to look at other assets as your savings for the future as a substitute for saving money. But at any given moment you have to be able to generate money so you can buy other assets that are unlikely to lose their value and will always have value in society.

And in this case I will also give a few examples for assets that may not lose value in the future, those assets are land that is located close enough to an environment where there are more people living there to live a decent life, as well as gold which is still a precious metal in the eyes of the public so that the demand for it is still there and does not decrease every year. These two things can be good savings for the future even though both have to be obtained with money.

Saving causes money to lose value which is primarely brought on by illiteracy. Teaching these concepts in stages while students are still in school may have positive effects on future outcomes

I don't know where OP got this concept. But it is not possible to say that all Asian countries teach their children to save and European countries teach their children to invest.
You are right, it depends on the customs of each country and the economic situation of each family. Many families live in a situation where they don't even have enough to eat every day, advising them to invest is crap advice, saving is what they need. While many families have a better life and want more income, investing is the right advice for them. And in my opinion, between saving and investing, I still think that saving should be prioritized and more important.

The basic questions are:

• is the trading or investment profession part of the culture or ecosystem?
• Do lower-income groups in developing countries have reasons to invest?

Looks like your solution is coming from too narrow a perspective.

The only way to improve the country's economy is to improve the quality of its human resources, and actually that is also the responsibility of each individual rather than only being borne by government programs and infrastructure.

I don't know truth of the statement, but if I were to remark considering it to be true, these 'saving' in Asia and 'investing' in EU could be attributed to education because EU contains developed nations whereas Asia developing ones. It's fact that saving devalues money whereas investing does not, and this knowledge doesn't come without financial education.

Some of your points are valid, especially in teaching people about investing and not just saving. This investment education is very important because of the high inflation rate that has led to a consistent decrease in the value of most currencies. Money kept in the bank will gradually lose value and become worthless.

But I want to state that everybody must not be a crypto or forex trader to succeed. Students should be taught financial education so that they can be able to manage their income and if possible invest it in some profitable areas. Some might want to start up a business, while others may decide to invest in real estate and some might have an interest in the crypto space. Let everyone have the opportunity of choosing the investment platform he has an interest in.

You also mentioned that people can make money from the crypto industry in three months. This is possible but making such an assertion can make people see the crypto space as a get-rich-quick industry which might propel them to invest in shitcoins and other scam schemes. People need to be given a balanced cryptocurrency education and not just about telling them to invest and make money immediately. The pros and cons of investing in the sector should be discussed and people should be given a chance to decide if they are interested or not.

While it's right that different cultures and values is depending on the region where we're living. Those countries that has embedded the teachings about financial matters during their times in school days have always been remembered. And to those that doesn't have it learns it as they grow old. Good thing to those that discovers how to be good at handling their finances while it's bad for those that can't. Like what I've always been seeing from these literate people in finances, it's not how much you're earning but it's how much you're saving. On the other hand, it's also how much you're able to take risk and how much you're able to invest. There are people that are for investments and there are people that want to take it easy by just simply saving.

Well, about that, right from the primary level in school, pupils are taught "Home Economics," where they learn about  financial management, home management, office, and many other important things that can help in their lives to creat an impact in the society they found themselves in the future. Also, I know there was this class I had in my primary school, which I don't usually forget. The topic was "budgeting," which entails the importance of budgeting and many things about budgeting. It always tips me in mind any time I get stranded about money that budgeting is what can only save my ass. Also at the secondary level, students learned about "economics." Still, there was a lot of life-helpful education in those subjects that were taught then. Teaching us those subjects then was really not for formality's sake or for some unjust purpose, but for the purpose of growing our future as well. But people learn and take it for a joke; some learn and don't practice, rather feeling less concerned. According to the philosophy of life, "a lot of the problems man is facing are caused by himself." I know that most people in society were not able to go to a university, so I can say they did not learn most of those things, but there was enough knowledge gotten from primary and secondary levels in school, just that some people think it was not necessarily. In some situations, only one can help himself or herself.

What is called culture, of course, what comes to my mind is hereditary habits passed down from generation to generation. As for what is related to your discussion, this is more about how to survive and balance it with the global market economy. Meanwhile, the cultural fabric of each country is still much smaller than the culture as a whole. Placement of sentences that are more in line with the habits of certain individuals or groups.

Every country has life principles or habits that are in accordance with their respective customs. In Europe, maybe the culture of managing finances can invest in big companies, with various environmental influences. Meanwhile, in Asia, most of them tend to focus on growth because as a developing country, their educational goals will be different from those of developed countries.

So it will be very difficult if it has to be equated with a principle that only applies in one particular country but is not necessarily suitable for implementation in other countries.

So you are saying that financial education and awareness are important for improving the economy. In some cultures, people prioritize saving money, while in others, they focus on investing. Promoting a balanced approach can have a positive impact. It's crucial to provide education about investing in areas like the stock market and crypto trading, but also emphasize the risks involved. Understanding both fundamental and technical analysis is valuable, as they serve different purposes in investment decision-making. Emotional control is essential in trading, and it can be developed through education and practice. Overall, a comprehensive approach that considers cultural differences, risk management, and psychological factors is necessary for economic improvement.

I think it is easy to enumerate the elements that are lacking in the culture of a particular people and to determine their potential effects on the environment and the economy. However, it is important to note the ways in which collective culture is formed, since any people necessarily consists of different components that are combined by the culture that has been formed over generations. Religious culture, the mode of production, the extent to which art is affected, and many other elements (it is difficult to enumerate) that constitute the collective agitation of any society. It is noted that the possibility of change is never easy in those cultural elements because change takes a long time to take place.
Establishing legislation to change the collective culture can only be done through the education sector in the early stages of study, which will also take a long time, since coaches must be trained before activating these legislations.

In order to promote the economy, it is really important to have access to and raise the standard of education. By providing quality education to everyone, it provides an opportunity for everyone to acquire the knowledge and skills needed to contribute to the economy. On the other hand, it integrates financial literacy and business skills into the educational system, equipping them with the tools to effectively understand and navigate the world of finance. However, being savvy about investing isn't limited to doing grassroots financing rounds. Therefore, continue to make informed financial decisions, manage one's finances, and participate in economic activities such as investing.

because basically the customs of one country are different,
between saving and investing I think has the same meaning as the purpose of saving assets for the future
it makes no difference only the mention of the name and where the word is used
educating children to always save is a positive thing and will be passed down from generation to generation by the general public

In other words education must be evenly distributed to every corner, so that the education standards become high, the things you are trying to explain can be input into the education curriculum but must be divided into several department criteria, because it is not focused on financial development. If all understands investment, then who executes the financial rounds at the grassroots, in improving the country's economy is not only fixated on the financial world, but the world of work must also be considered as a means of turnover of money, that is if you talk on a state scale.

This could be ideal to educate people but until when people want to improve the economy but some of the lower ground status doesn't have power some of the parts in the government are overpowering their positions and status so they keep giving under the table transaction just to be part of those particular community and manage those as long as they can some of the generations passes through with their clan so the under their management can't do anything. It depends on that country if can be used we have different ways of ruling like a dictator or being open to the peoples suggestion and the people has the power and not the leader only itself. This changes can be applied if the people itself know what they need to do and who are the capable to control and make their place as safe.

This is a big problem and the range of subjects is also very diverse, as each different country has different characteristics or development conditions. The enhancement of education and training is the core issue. In order to develop the economy, it is necessary to have skilled and skilled human resources to meet the needs of the market. Education and training is one of the effective ways to meet this need and will help improve the culture. Then I want to look at the potential problems of existing countries, such as environmental issues, natural resources, etc. to be able to build development directions according to the strengths of each country family. These ideas can help improve a nation's economy through culture or ecology. However, to be successful, coordination between stakeholders and long-term commitment is required.

Let's not be swayed by the culture or traditions and begin to do things we think are appropriate for us to do especially in securing a brighter future for our own children, there are some economic policy or traditions to say that may not actually work in favour for us because those policies were being created out of different contexts from where we are approaching them from and making it application.

Regardless of the continents we fall under we all should know that investment is one of the best way to leave an asset or transfer wealth to our children and not holding down the money to loose value over time which may be affected by inflation and drop in rate, bitcoin is one of the profitable investment to always considers in this present generation for our children.

It's not like that, it's in everyone's culture to save money, that is what you'll learn in every family but European economic model gives one financial stability to really make savings and invest in something because European person doesn't have to worry about healthcare and job safety.
So, even in Europe, it's completely up to you, whether you follow the advice "save money" or use European stability to invest money, no one teaches you what to do.

In this post I will explain how adding certain factors to our culture can improve our country's economy. Same important factor to consider is the lack of awareness and education both technical and fundamental.

First point: Financial Education

• Making money
• Money management
• Growing money

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

For instance in our culture people tend to save their money by depositing it in fixed deposits (FD) where it will grow slowly over 10 years. Still if we educate people about investing in crypto trading or the stock market they can aim for higher returns in a month three months, or even a year. This change in culture will have a significant impact.

It's  important to note that the problem is not stress but rather mental health. People lack awareness and are afraid of taking risks which leads to the perception of stress. Stress occurs when people blindly follow tips or calls for trading which sets a fear in their minds making them believe that trading should be avoided altogether.

To tackle this issue we need to focus on the fundamentals of trading.
Fundamental analysisinvolves assessing various factors such as the company

• Management
• Environment
• market
• Team
• Leadership

Additionally,  Technical analysis which uses

• Charts
• Graphs

 
Technical analysis has become superior to fundamental analysis. Companies that were once prominent may no longer hold their value in the market.  For example Tesla which is only 10 years old has surpassed the value of  Ford, a company that has been around for 100 years. This shift in dynamics has made technical analysis a full-time profession.

Though anyone can perform technical analysis regardless of their profession. Whether you're a doctor, engineer, businessperson, or housewife, anyone can learn technical analysis. Trading involves  Two concepts:  fire and grid. If the market is going up, grid comes into play and if it's going down fire comes into play. Technical analysis helps in understanding these concepts but it's important to remember that trading is heavily influenced by psychology.  Success in any endeavor is 80% psychology and 20% skills.Emotional control is crucial as excessive emotions can lower your intelligence. Technical analysis helps systematize the entire trading process, reducing emotional influences.

NoteThese were the analysis points and factors that we can add to our culture to improve our economy. Please let me know if there are any mistakes or if you would like to add any ideas or analysis to it.