INFLATION IN THE UNDERDEVELOPED COUNTRIES - page 4.

Webetcoins

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Quote from: Kambal2000 on November 02, 2019, 10:54:57 AM

Quote from: Webetcoins on November 02, 2019, 10:30:57 AM

Quote from: horrifiedx1 on November 01, 2019, 09:50:13 AM

Quote from: pecson134 on October 31, 2019, 11:58:32 PM

Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

This much like pertains to supply and demand logic. There would be an inflation on the product price if there is too much demands on certain products but the supply they provide can't be suffice the number. Plus the fact that the raw materials used was also increasing plays a huge factor on increasing the price on some products.

if the price increase is severe enough it will disrupt the stability of the country's economy. therefore the government is obliged to control inflation every year, so as to encourage economic growth in the country

Do you really think that governments control the inflation. As far as I have read and experienced, they are the main reason behind inflation. Corrupted authorities will never be good for their people. They control us with their tricks. Blockchain can help a lot in order to improve the overall economy of a state but this depends on government itself. Bitcoin can help people at individual level and it should be utilized by every person.

Corruption is the main reason why there are lack of opportunities, lack of success for people, poor infrastructure and mostly the rich person are becoming more richer and richer everyday especially corrupt officuals.

If a certain country will begin to develop and use blockchain still it is not the answer for inflation and to avoid corruption as officials can easily do corruption if they want.

We are living in a time where the leaders do not care about their followers. King care less about his people. It is stupid to expect the governments to be nice if you do not know how to fight for your rights. Corruption succeeds when common people do not protest against it. The best to save oneself from such financial crisis is to invest in bitcoin. No interference of government, a lot of rewards. What else can one ask for?

Kambal2000

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Quote from: Webetcoins on November 02, 2019, 10:30:57 AM

Quote from: horrifiedx1 on November 01, 2019, 09:50:13 AM

Quote from: pecson134 on October 31, 2019, 11:58:32 PM

Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

This much like pertains to supply and demand logic. There would be an inflation on the product price if there is too much demands on certain products but the supply they provide can't be suffice the number. Plus the fact that the raw materials used was also increasing plays a huge factor on increasing the price on some products.

if the price increase is severe enough it will disrupt the stability of the country's economy. therefore the government is obliged to control inflation every year, so as to encourage economic growth in the country

Do you really think that governments control the inflation. As far as I have read and experienced, they are the main reason behind inflation. Corrupted authorities will never be good for their people. They control us with their tricks. Blockchain can help a lot in order to improve the overall economy of a state but this depends on government itself. Bitcoin can help people at individual level and it should be utilized by every person.

Corruption is the main reason why there are lack of opportunities, lack of success for people, poor infrastructure and mostly the rich person are becoming more richer and richer everyday especially corrupt officuals.

If a certain country will begin to develop and use blockchain still it is not the answer for inflation and to avoid corruption as officials can easily do corruption if they want.

Webetcoins

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Quote from: horrifiedx1 on November 01, 2019, 09:50:13 AM

Quote from: pecson134 on October 31, 2019, 11:58:32 PM

Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

This much like pertains to supply and demand logic. There would be an inflation on the product price if there is too much demands on certain products but the supply they provide can't be suffice the number. Plus the fact that the raw materials used was also increasing plays a huge factor on increasing the price on some products.

if the price increase is severe enough it will disrupt the stability of the country's economy. therefore the government is obliged to control inflation every year, so as to encourage economic growth in the country

Do you really think that governments control the inflation. As far as I have read and experienced, they are the main reason behind inflation. Corrupted authorities will never be good for their people. They control us with their tricks. Blockchain can help a lot in order to improve the overall economy of a state but this depends on government itself. Bitcoin can help people at individual level and it should be utilized by every person.

horrifiedx1

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Quote from: pecson134 on October 31, 2019, 11:58:32 PM

Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

This much like pertains to supply and demand logic. There would be an inflation on the product price if there is too much demands on certain products but the supply they provide can't be suffice the number. Plus the fact that the raw materials used was also increasing plays a huge factor on increasing the price on some products.

if the price increase is severe enough it will disrupt the stability of the country's economy. therefore the government is obliged to control inflation every year, so as to encourage economic growth in the country

doomistake

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Quote from: leftgirly on September 12, 2019, 04:21:35 PM

Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

How would they earn profits to boost up their economy if they are not going to sell their natural resources on other countries that have good economy? They have to even if they don't want to, their pride won't feed themselves to fight poverty, therefore they have to do everything in their power to take a step away from poverty and having a poor economy. They can replenish their natural resources by using it properly and not abusing it buy they can't replenish their own economy with just their own, I mean there have to be a cycle for that.

Importing and Exporting goods to other rich countries is a good way to solve their issues, other countries being aware of their products and tourism could increase the job employments and dollars to their economy (USD).

EdvinZ

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Third world countries tend to have high levels of corruption. And if the rulers of these countries really wanted the growth of their economies, it would have happened long ago. In addition, talented, highly intelligent people are migrating to developed countries, thereby giving impetus to an even greater economic gap between highly developed economies and third world countries.

pecson134

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Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

This much like pertains to supply and demand logic. There would be an inflation on the product price if there is too much demands on certain products but the supply they provide can't be suffice the number. Plus the fact that the raw materials used was also increasing plays a huge factor on increasing the price on some products.

Magkirap

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Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

Hmmm i think they can earn more if they export their product. Thats how the system work, it is better to have greater ezports than imports because in that way they are bringing maybe dollars in their countay which is more likely have a greater value compare to their reapective currency. I believe that aupporting their own product was important but it is more important to export it to another country so that they can earn a bigger profit.

Colt81

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Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

Inflation is a huge problem in a economy because it causes increased of poverty and increased of criminal rate, that is why some underdeveloped countries always depends on other developed countries when they are experiencing bad problems in their economy. I think things would turn around for good if underdeveloped countries will start to add value to their natural resources because they are the one's will get the benefits from it, but their economy would not improved because there will be no exchange of dollars.

Suslived

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Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

Underdeveloped countries will always need to sell and depend on other countries. I'm not a national economist but it's not hard to speculate that adopting cryptocurrencies could be a good step towards something better. I can only imagine that the first country to fully embrace cryptocurrencies will be somewhat be rewarded with some early investors in the space. If all is well then blockchain companies could move to that country and setup a "home-base" from where future innovations could stem from.

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In my opinion, it all depends on what they do, although they can add to their natural resources, HUMAN resources do not exist and no better than other countries yes should be forced to sell them not to process their own.
For example, if they have gold land and they do not have the experts and the heavy equipment to cultivate themselves how it can? We need to need another country to help their HR to the maximum.
But still does not improve the economy of the country as good as it may have been major inflation.

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Quote from: Pearls Before Swine on October 30, 2019, 09:22:07 AM

What exactly *is* the rate of inflation in 3rd world or developing countries these days? I know in countries like Venezuela and parts of Africa its too high to even measure, but those are exceptional cases of hyperinflation. The rest of the world doesn't seem to be experiencing anything even close to that.

Anyway op, inflation affects all countries, all economies, all the time. Developing countries aren't unique, tho they probably feel the effects more acutely because of higher rates of poverty and unemployment among their citizens. Last time I checked, inflation in the U.S. was pretty low despite all of that money printing. Is it really that high in the rest of the world?

Inflation is really high in developing nations and the worst part is that the working class professional has to pay unnecessary taxes just because he is employed as poor just survive with anything and everything, it does not bothers the riches and politicians but middle class people are burden with economical crisis as a result they cut down their spending which comes back hits the business class as well. It's a cycle where no one is spared at the end, the cause of inflation in developing nations are the loans which they take from world bank for development which goes to politicians coffers and in order to repay the government imposes more tax and vendors increase the price further to remain unaffected by the increase in the tax which collectively causes inflation and only government and corrupt people are responsible for it.

ufaiz50

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Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

In underdeveloped countries they need help from developed countries, this is to improve their selling points if they work with developed countries. As you said they must increase the value of selling natural resources and human resources, both are important for the progress of the country.

There should still be many things that destroy the value of a country's, currency such as technology. but to move forward if they really need a better economy, they must increase collaboration with famous figures or countries.

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Check out the strategy of what America and China are doing and which possible effects this can have on Bitcoin
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Pearls Before Swine

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What exactly *is* the rate of inflation in 3rd world or developing countries these days? I know in countries like Venezuela and parts of Africa its too high to even measure, but those are exceptional cases of hyperinflation. The rest of the world doesn't seem to be experiencing anything even close to that.

Anyway op, inflation affects all countries, all economies, all the time. Developing countries aren't unique, tho they probably feel the effects more acutely because of higher rates of poverty and unemployment among their citizens. Last time I checked, inflation in the U.S. was pretty low despite all of that money printing. Is it really that high in the rest of the world?

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Quote from: Vishnu.Reang on October 28, 2019, 08:00:12 AM

I am living in a developing country (India) and here the inflation rate is very low (3%). 5-6 years ago, it was going at 13-14%, but the new government managed to bring down the inflation rate by quite a bit. Now some of the analysts are even complaining that the low inflation rate is not good for the economy and this is one of the reasons behind the economic slowdown.

Well done for getting inflation down!

As for the slowdown - there is a global slowdown in place at the moment due to the trade war. The trade war won't end soon, so countries need to find other sources of revenue (domestic spending) to compensate.

panganib999

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Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

Severe inflation is really enormous especially for developing and underdeveloped countries. One reason might be, the country is making a move to counter something that is happeming within the country. For instance, the government of the country is trying to lessen and minimize the usage of cigarretes and tobacco due to the growing number of people dying from diseases caused by it, so their counter action to this is raising it's price. It could have been more better and effective if instead of raising prices, they raise their exporting price if their natural and native products.

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Quote from: leftgirly on September 12, 2019, 04:21:35 PM

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

As long as the world economic structures evolves around fiat money, which is basically created through debt, there's not a big chance to eradicate inflation. And then, you have the fact that you can't have everyone at the top at the same time. The world, and its economy as a consequence, it's not homogeneous, nor do we want it to be. The rise of some will always mean the fall of others, this happens as natural, even without a clear or direct intention behind. Blockchain and crypto can help on making things more balanced and instill new benefits accessible for every, which can have a general improvement. But there's simply no way to make all downsides disappear.

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Quote from: barabarian1 on October 29, 2019, 02:50:04 AM

in my opinion there are many factors that cause underdeveloped countries to experience inflation. and in my opinion the main factors that cause underdeveloped countries to experience inflation are unstable political and economic conditions and many acts of corruption. if a country's politics are unstable, foreign investors will be afraid to invest in their countries. and this will make the country's economy worse and ultimately cause inflation with the fall of the national currency.

Inflation is normal and even the developed countries are experiencing inflation. The people in every countries should get educated about the inflation because it is normal and they should prepare to face it and don't let their money sit inside their bank account because it will only eat their fiat currency alive. They should do investment that the annual interest is above the inflation rate so they can survive from inflation and slowly grow their money.

barabarian1

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in my opinion there are many factors that cause underdeveloped countries to experience inflation. and in my opinion the main factors that cause underdeveloped countries to experience inflation are unstable political and economic conditions and many acts of corruption. if a country's politics are unstable, foreign investors will be afraid to invest in their countries. and this will make the country's economy worse and ultimately cause inflation with the fall of the national currency.

Topic: INFLATION IN THE UNDERDEVELOPED COUNTRIES - page 4. (Read 3642 times)