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?
Problem in most of these countries is that they can't produce mostly anything and are importing things, for this reason they hugely depend on national currency / usd exchange ratio. So when they buy things from outside, more usd goes from their country, so national currency gets weak, because of weak national currency people try to stick with usd which makes it even weaker. So as a result we get increased prices on everything while work salary gets decreased or the same. In overall this causes huge economic fall. 
Topic: INFLATION IN THE UNDERDEVELOPED COUNTRIES - page 8. (Read 3712 times)
The issue is a lot more complex than most people might think. The first world countries perfected the art to pull the wool over third world countries heads, because they arrange trade agreements to favor them and they make sure that they extract as much raw resources as possible from these countries and then refine or manufacture goods from this raw material and then sell that at inflated prices back to those countries.
Some governments make bad political decisions and then 1st world countries would boycott them and this will hamper economic growth. The 3rd world countries are then forced to loan money to fund large infrastructure and development projects and the debt spiral will start pulling them down and they will start printing more money that would devalue their local currency.
Some governments make bad political decisions and then 1st world countries would boycott them and this will hamper economic growth. The 3rd world countries are then forced to loan money to fund large infrastructure and development projects and the debt spiral will start pulling them down and they will start printing more money that would devalue their local currency.
This is the most clear and precise description of the situation that has developed in my country. Land, which is rich in an incredible amount of minerals, sold to foreign buyers and investors piece by piece. Everything that is mined is sold to abroad, and then the finished product goes to the local market at considerable prices. And it is clear that such cooperation doesn't make the country richer.
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 is a lot more complex than that, developed countries used to be fiscally responsible but that is not the case anymore, some of the most indebted countries in the world are developed countries and this is creating huge problems for the world economy, in my opinion governments around the world have cornered themselves, there is no way out of this problem except with a massive crisis, the crisis is probably going to be so bad that governments are going to try to back their currencies with something like gold or silver.But at that time most of the population will lose confidence in their currencies and it is likely that they will begin to trade directly with gold and if we are lucky they will begin to use also cryptocurrencies like bitcoin and will avoid any government printed currency as much as they can.
What you mean by "other nations"? Why not USA help Venezuela? Why they don`t help Yemen? It`s a war out there, and that war is not fair. Big countries are bullying small countries, with bribery and corruption they come and take over for valuable resources, minerals, oil, precious metals, or just because strategical position.
Nike, Nestle, H&M, Philip Morris and many others still use child labor, to not mention that this big companies from big countries are paying minimal to people who works for them in this underdeveloped countries. Therefore we can assume that underdeveloped countries will never be free from big countries, when ever people decide to fight against it, big countries come with big, well armed armies.
I have said the exact same thing. Capitalist corporations could continue to do whatever they want, as long as its just making people poor there is a moral and ethical question there but there is no humanitarian question there.Nike, Nestle, H&M, Philip Morris and many others still use child labor, to not mention that this big companies from big countries are paying minimal to people who works for them in this underdeveloped countries. Therefore we can assume that underdeveloped countries will never be free from big countries, when ever people decide to fight against it, big countries come with big, well armed armies.
At the same time, if a country is dying of starvation like Venezuela then all nations can get together and help, just to give an example 1 billion dollars to help Venezuela is not a big amount for USA, nor for UK nor for France or German, these countries can get together and spend 5 billion dollars all on food and bring it to Venezuela, not just in crates and all but also in shape of resources and seeds so the country can get back on its feet without other nations help after a while. All in all we just need nations to help each other out.
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?
The problem of underdeveloped countries with economies in crisis is due to bad management by their rulers, they have applied erroneous policies where it affects the internal financial system. In view of this, Bitcoin technology offers a deflationary economy, which solves the particular economies of what they use.
Some renewable and non-renewable resources are not enough to get these countries out of inflation crises, because their policies do not offer improvements for their workers and workers, they would only exploit more they would not fix.
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?
If you look at the "underdeveloped" countries all around the world, you will notice a very similar pattern. In almost all of these countries, the taxpayer base is very small and a small number of taxpayers are burdened with subsidizing the majority of the population that lives on welfare payments and benefits. And what happens once the government can't collect enough taxes? They will just print money without any control. And this is what causes uncontrolled inflation in these countries.
A prime example to this is the second most populous country in the world - India. I was told that only around 3% of the population (around 40 million individuals) pay income tax there. Effectively, this 3% is subsidizing the remaining 97%. I am not saying that the situation is this bad in the other developing nations. But the pattern is similar.
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?
What's killing developing countries is corruption, cronyism and toxic debt. In Africa, countries like Zambia have been heavily saddled with toxic Chinese debts that they cannot repay and as a result, their natural resources are at stake because they have been used as collateral to secure those loans! 
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?
I suppose you are having confusion about the economy. For developing countries, they need to work with larger countries to make the export and import process easier and have a better price.New trade makes a country richer, you should rethink your opinion.
You can't particularly blame the countries itself but the ones running it for putting their own country to the ground. One of the recent events is the countries who have fallen to the Chinese debt trap that led to China controlling the asset of their own country from their unpaid loans. This wouldn't really happen if this countries are smart enough not to accept the terms of China. Other mistakes underdeveloped countries are doing is overprinting their own fiat currency further devaluing it in its process. If only the government is smart enough they will know printing more money isn't really the solution to anything .
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?
Its unfortunate that the underdeveloped countries have been plagued by leaders who are just there because of their own pockets and not anything to do with the masses talk-less of the country. They so much love themselves that they are more concerned with ensuring their family wealth for the coming generation is well secured through any means necessary even at the expense of the people they swore to protect and defend. Its so bad that the leaders of these countries would prefer to patronize the goods and services of the developed economies at the expense of local industries while the companies that manage to set up despite the stiff economic conditions are made to pay via all forms of taxes to finance their luxurious lifestyle either directly or indirectly.
Unfortunately, its not a problem that there is end in sight at the moment as the problem is a fundamental one. Countries have equally learned to managed their inflation effect and the advance countries that have been responsible to a large extent are ready with aids and subventions in other to cushion the effect of such mis-management of the common wealth.
Inflation is not only due to the sale of minerals, but because the country that sold its resources does not see this money because it settles in the pockets of officials who do not want to develop business in their countries by building new enterprises and giving their people new work.
It is just known that there are enough resources for everyone in the world. Don't get me wrong I am not going to go full communist on you and tell you that everyone should own a lambo of their own, this is not like that. However, if people are starving to death then saying maybe we have enough resources not to let that happen is not communism.People should learn the difference between helping people out and communism, if you are helping people not starve to death, you can still be capitalist, it is literally just food so they can live some more instead of die, otherwise keep making your Tesla cars and sell them months ahead of schedule in pre-order or keep making your workers work 16 hours a day in a warehouse without extra pay for extra profits of your amazon share holders, those capitalist horrible stuff could still go on (hopefully they shouldn't) but at least make sure people are not hungry.
It comes to nation to nation helps, if a country is too poor to stay alive like Venezuela and Yemen has been going through and people are literally losing weight because they can't find anything to eat, then other nations should send all their extra foods to there.
What you mean by "other nations"? Why not USA help Venezuela? Why they don`t help Yemen? It`s a war out there, and that war is not fair. Big countries are bullying small countries, with bribery and corruption they come and take over for valuable resources, minerals, oil, precious metals, or just because strategical position.
Nike, Nestle, H&M, Philip Morris and many others still use child labor, to not mention that this big companies from big countries are paying minimal to people who works for them in this underdeveloped countries. Therefore we can assume that underdeveloped countries will never be free from big countries, when ever people decide to fight against it, big countries come with big, well armed armies.
Inflation is not only due to the sale of minerals, but because the country that sold its resources does not see this money because it settles in the pockets of officials who do not want to develop business in their countries by building new enterprises and giving their people new work.
It is just known that there are enough resources for everyone in the world. Don't get me wrong I am not going to go full communist on you and tell you that everyone should own a lambo of their own, this is not like that. However, if people are starving to death then saying maybe we have enough resources not to let that happen is not communism.People should learn the difference between helping people out and communism, if you are helping people not starve to death, you can still be capitalist, it is literally just food so they can live some more instead of die, otherwise keep making your Tesla cars and sell them months ahead of schedule in pre-order or keep making your workers work 16 hours a day in a warehouse without extra pay for extra profits of your amazon share holders, those capitalist horrible stuff could still go on (hopefully they shouldn't) but at least make sure people are not hungry.
It comes to nation to nation helps, if a country is too poor to stay alive like Venezuela and Yemen has been going through and people are literally losing weight because they can't find anything to eat, then other nations should send all their extra foods to there.
Inflation is not only due to the sale of minerals, but because the country that sold its resources does not see this money because it settles in the pockets of officials who do not want to develop business in their countries by building new enterprises and giving their people new work.
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 increases due to their government printing more and more money but its happening due to they are depending more on the other countries so they need to use other currencies like dollar to import things than in their local fiat.First underdeveloped country need to increase their export which make them less dependent or equally.
It's not like the underdeveloped countries are to be blamed for their bad times ..to be honest the developing countries are actually to be blamed ...at some point of the other they use those underdeveloped countries for their resources , you know in Ukraine the government illegally pays money to the Ukrainian government to store their acid and waste that is harmful and in also periodically they cut off huge trees and wipe up the whole forest and they are supplied to Europe ... and guess what. ? No one will ever know about this because the news won't publish this .. the local knows ...the government knows and rest is corruption.
Services is definitely one thing that can be easily developed without the government spending much on infrastructure. They can just renovate existing infrastructure and maybe increase power supply. Much of the outsourcing business in India and Philippines received no government subsidy, it's all private. The company either build their own offices or rent existing ones.
Feels weird seeing this comment after watching a video about Nauru. Classic example of selling of resources and not preparing for when it runs out.
My opinion is that developing countries should develop their own manufacturing sector to add value to the product. You can charge more for a finished product than raw material and you get to keep all the profit rather than your raw material getting haggled.
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?
Selling natural resources will only worsen the country's economy in the long run, they will only benefit momentarily without seeing the long-term effects that will occur. for example some Asian countries sell some regions rich in natural resources to developed countries, yeah they get big money from it, but their natural resources are exploited until they run out, their gold, their mines are dredged by these countries. selling natural resources is not a way out to make economy better.Feels weird seeing this comment after watching a video about Nauru. Classic example of selling of resources and not preparing for when it runs out.
My opinion is that developing countries should develop their own manufacturing sector to add value to the product. You can charge more for a finished product than raw material and you get to keep all the profit rather than your raw material getting haggled.
Now I'm no economist, but I didn't think inflation was that high--at least not in my country, though I don't live in a 3rd world one (and that's not tooting my own horn; we have problems aplenty here). I know some countries like Venezuela and Zimbabwe are having a very hard time with inflation, but is it really a 3rd-worldwide problem right now? For a thread like this, some links and data would be very useful instead of vague statements.
I think the economic problems of 3rd world countries is and always has been a problem of politics. You can't say those countries are lacking in natural resources, and you'd think that they'd be more prosperous than they are--but the riches always seem to flow to those in power, leaving the citizens dirt poor. And that's with or without high inflation.
Those hardworking leaders knows what they do but if there's something that stops them to thrive their economy, it must be inside their gov't.
Yeah, and that something is greed and a complete indifference to the welfare of the citizens. 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?
It will amount to nothing because everybody needs somebody, help to survive or grow just like kids get to adult and adults needs support in their old age. Therefore, countries need each other to get what they don't have.
Even what value they need to add to their resources might need to be sort, like technology and they need it somewhere
How could you just blame those underdeveloped countries for having high inflation? no country can avoid inflation and everyone is bound to experience it. As long as you know the current stand of their gov't and how their officials run the gov't, well I guess you can blame them for their economy.
But notice also those underdeveloped countries that are trying to push themselves upwards by making alliances and partnerships. Those hardworking leaders knows what they do but if there's something that stops them to thrive their economy, it must be inside their gov't.
But notice also those underdeveloped countries that are trying to push themselves upwards by making alliances and partnerships. Those hardworking leaders knows what they do but if there's something that stops them to thrive their economy, it must be inside their gov't.
I think it could have been if government of that country was smart enough to spin economy without relying on other countries. One of them is in technology, technology provides hope that can restore a country's economy, but country must make an extraordinary innovation like what has been done by other developed countries such as US, Japan, China, etc.
From these technological innovations they are able to boost level of country's economy, without having to sell natural resources to other countries.
Yeah right, corruption is indeed a major problem for every country, corruption hinders economic development that was previously well planned. China is one of developed countries, so naturally their country's corruption level is low, most of the biggest corruption is in developing countries. Developing countries still have many imperfect government systems, so this is exploited by irresponsible individuals who end up harming their own country.
From these technological innovations they are able to boost level of country's economy, without having to sell natural resources to other countries.
I would not say that the in=inflation rate in all these under developed countries is as a result of them selling to countries with good economy, look at china, china has a very good economy and they are far developed, most of their produced are not only sold to countries with good economy, but also sold to countries that are under developed.
One thing that has jet china out of inflation is the level of their corruption that is low, china has been able to curtail corruption that every agencies knows the right thing to do, but these under developed countries, when they get the chance to sell their resources, they end up squandering the moment rather than them using it for something that will be of benefit to their country and things that would make inflation be controlled.
One thing that has jet china out of inflation is the level of their corruption that is low, china has been able to curtail corruption that every agencies knows the right thing to do, but these under developed countries, when they get the chance to sell their resources, they end up squandering the moment rather than them using it for something that will be of benefit to their country and things that would make inflation be controlled.
Yeah right, corruption is indeed a major problem for every country, corruption hinders economic development that was previously well planned. China is one of developed countries, so naturally their country's corruption level is low, most of the biggest corruption is in developing countries. Developing countries still have many imperfect government systems, so this is exploited by irresponsible individuals who end up harming their own country.
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