Well, the six ways to create economy growth according to Forbes are:
Promote economic growth through innovation.
Strategic immigration reform.
End the war on drugs.
Require unemployed workers to volunteer.
Cut health care costs.
Remove unnecessary and unclear laws.
Topic: How can we make this world economically better? - page 5. (Read 28370 times)
The best and easy way to make this world economically better is by legalizing bitcoin and other cryptocurrencies by appplying 10-15 % tax from government of all countries of the world. Bitcoin is now popular in almost every country except very few so this is the only effective way.
well, maybe bitcoin can change the world economy for the better. well, but, I feel that if you really want to improve a country's economic situation, even for individuals, then start paying off debt. well, I think, by using bitcoin, we can start that.
I guess we can solve this problem by decreasing the gap between poor and rich people. Like in Sweden. High taxes help the government to support poor people and they live better. It's easy, just not everyone wants to change the system.
The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?
What actions should governments need to take and how individuals can contribute?
Everything was about greed and lazyness, these countries cannot be in their situation right now if they can work smart on their own without being greedy. Everything can be learn if they have the will to learn it. No excuses, there is always a way. Also, a lot of elites in the government not really concerned with their people but the money that they can earn in their position. Thats sad, it was hard to change the system
The best and easy way to make this world economically better is by legalizing bitcoin and other cryptocurrencies by appplying 10-15 % tax from government of all countries of the world. Bitcoin is now popular in almost every country except very few so this is the only effective way.
To promote projects innovation in information communication technology (ICT)is not only one of the fastest growing industries directly creating million of jobs but it is also an important enabler innovation and development approaching global population figures with 40% of people in the world already online.In this new environment, the competitiveness of economics depends n their ability to leverage new technologies.
There are five ways technologies can help the economies first is direct job creation, contribution to GDP growth, emergence of new services and industries, workforce transformation, and the is business innovation.
Economic growth does depend on a degree of economic freedom, and under some circumstance more freedom will promote additional growth but the paths to growth that countries take are much more complicated than the index indicated.In the case of newly prospering countries the index confuses cause and effects freedom is more often the result than the cause of development with regard to countries already rich, the book starts from a faulty assumption the growth in all that their citizens should care about the index in hardly a straight forward report of scientific research.
There are five ways technologies can help the economies first is direct job creation, contribution to GDP growth, emergence of new services and industries, workforce transformation, and the is business innovation.
Economic growth does depend on a degree of economic freedom, and under some circumstance more freedom will promote additional growth but the paths to growth that countries take are much more complicated than the index indicated.In the case of newly prospering countries the index confuses cause and effects freedom is more often the result than the cause of development with regard to countries already rich, the book starts from a faulty assumption the growth in all that their citizens should care about the index in hardly a straight forward report of scientific research.
The wold cannot become economically better until there is no extreme hunger, poverty and war. We have to preach peace, regardless of race and religion affiliations. There must be special intervention programs to feed the poor, teach and support them to be financially independent.
The answer lies in this simple but true wise words. Give me a fish and I'll eat for a day but teach me how to fish, and I'll eat for a lifetime. The best way to reduce inefficient distribution of income is in creating job opportunities by government, providing basic infrastructures to encourage business and also run a progressive tax system that is pay as you earn so that government will have more fund to empower the masses.
The economy is down and most of the government planned on subsidizing its people with cash, until they become fully dependent on what the government gives ( happened in my country ). BUt the truth is, this method is just feeding for more economic crash. The good thing for the government to do is to provide people more jobs rather than provide them cash. This way they can contribute to economic growth through labor force-- this can help with buying power and also bosting gross economic income.
Inorder to make economically better, we need to invest cryptocurrency like bitcoin in a right time at a right price. Then forget the attitude of being greedy so that each opportunity can give us way to earn profit no matter how small or big at least get earning always. In this way we can help the world economically better.
If all people can have opportunity to earn in different ways i think we can considered that our world has good economy, crypto currency is came out from no where which not all people knows about if but this is a big help to change the status of one person even a family if they earn and invest in this type of source of income.
Inorder to make economically better, we need to invest cryptocurrency like bitcoin in a right time at a right price. Then forget the attitude of being greedy so that each opportunity can give us way to earn profit no matter how small or big at least get earning always. In this way we can help the world economically better.
The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?
What actions should governments need to take and how individuals can contribute?
transparency of financial flows in the government in detail, so we will know, who is cheating and who is honest in managing the economy of a country, the rest is the duty of the president. I most likely will get a fever if I have to think about people's welfare in this world, even though I myself am still very complicated.
The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?
Corruption is everywhere around the globe but it has a high incidence in most of African countries - the reason behind the low status of the economy in Africa. Africa is blessed with all the resources that is needed to raise its status to be among the powerful continents if not the most powerful continent but due to greediness on the part of some leaders and corruption, Africa appears to be the poorest continent now. What actions should governments need to take and how individuals can contribute?
In order to raise the economic status and help the people of Africa, there is the need to fight corruption and theft. Blockchain technology is one of the effective ways of fighting corruption. Most of the businesses in Africa (governmental and non-governmental businesses) needs to integrate Blockchain (cryptocurrency) into their payment systems. Blockchain has an immutable record keeping feature for all verified transactions. This will help fight corruption in Africa.
Giving every tribe opportunity to deal with bitcoin in their daily life usages, Bitcoin has no boundaries, by allowing bitcoin globally we can do business with international partners
but this can only be possible if governments legalize bitcoin in the economy.
At least the introduction of bitcoin to the public adds to their options for jobs and doing business so as to provide a good additional but this can only be possible if governments legalize bitcoin in the economy.
income for them. the point is that bitcoin gives the possibility for investors to profit that makes the economy better with bitcoin
With globalization, these differences can get smaller in my view, the world is "getting smaller", and so new opportunities rise to people, who need, and are willing to break out. But all people will never be truly equal unfortunately, that is not going to happen IMO.
The world financial system seems to be a planed system. Corruption and improper allocation of funds is the root of an economic meltdown. Some country allocates funds to a project that doesn't directly affect the life of her people. In Africa, the government borrows money to pay workers and pocket the rest. If we tackle corruption, the world economy will surely fatten.
Through cryptocurrency and blockchain technology we can be part to make the world economically better because many project development and businesses open and become successful on this kind of field and we are part of it.
I've heard the saying: Do not give poor people money, teach them how to make money. That's a good idea. The government needs to have the right policy to reduce the gap between rich and poor, most countries. They support the rich but forget about the poor who are living in hunger. There are many charities and investment funds for the poor to help them get out of the situation.
Those two sentences are contradicting each other. Who do you think create the charities and the funds to help the poor? Poor people are unable to create them, right? So, they are created by the governments and by the rich people in developed countries.
I agree that poor people need more attention then they have, but I disagree with the assertion in the OP that "poor people are getting more poorer and rich people are getting more richer". This is not the case nowadays. In general, all the people around the world are getting better life with time. And if there were no thieves in the governments of low-income countries the situation would be even better. There is enough food in today's world to feed 10 billion people, and most people living in rich countries don't mind sharing. But the thing is that when food is sent to poor countries, the crooks in power are selling it instead of distributing among the poor, and buying luxury cars and mansions in Europe for themselves.
In short, answering the question in the OP, Get rid of the corrupt governments, and your life will become much better.
Most people would think, governments have enough money to eradicate their economy's stumble. But this is not the game of getting money from charity then giving it to those in need. One most effective way is to teach each and everyone in a certain community both dicipline to everything and knowledge about proper financial managemenr hence everyone would have an idea that an economy's wealth is being defined by dicipline and knowledge of each and every person in an economy.
I think giving eithter the power back to the people or the power back to the government's, gaining more transparancy is definitely a good start...
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