Topic: Let's imagine you were the president of your country, How would your Economic - page 5. (Read 703 times)

So if I were president in my country, I wouldn't be able to do anything meaningful because the president doesn't have the powers that could affect the economy. For that I would have to be prime minister, and in order to make some changes I would have to have a team of professional and honest people around me.

I think one of the biggest problems that every government needs to solve is corruption and bribery within politics itself, and for that politics should cease to be a business, instead of working for the benefit of its own country.

The first thing I would do is increase wages for those who work the hardest/most dangerous jobs and fight poverty by all means necessary. Then I would introduce mandatory education for all children in terms of all addictions (cigarettes, alcohol, drugs, gambling) which would have an effect on their health in the future and generally reduce health costs.

Of course, there is a whole spectrum of measures that could be done to improve people's lives, and as I have already written I would start from the bottom up, because those who have a lot of money can take care of themselves anyway.

1.Achieving a balanced budget(no budget deficits). I don't mind raising the corporate tax and the dividend tax(they are very low where I live).
2.Trying to lower the level of government debt as mush as possible.
3.Reducing the bureaucracy and all the administrative BS around the private sector.
4.Reducing the budgets of the police and the judicial system below 2% of my country's GDP.
5.I want to fire around 50 000 government clerks. There are way too many government clerks in my country.
6.A big reform in the healthcare and the education system, but this is a very long story.
7.More investments in science and innovation.
8.No money printing by the central bank. I know that the central banks are kinda independent from the governments, but I think that the central bank should be kept under strict control by the parliament.

It's not easy how easily you have asked the questions. It's not a snap of a finger. It depends on your skills and your knowledge about the economy and many other things. Otherwise, you have to rely solely on absurd ministers who always suggest some bills that don't make any changes. I don't have enough skills to improve my country's economy. I don't know how much money we get from exporting our product, I don't know about reserves. But the first thing I must do is; maintain a good relationship with the neighboring country. Take some facility from them and give some opportunity to them as well. Digitalize every sector where everything will be accessible to the people.

There is a truth that I really appreciate about the fact that poverty comes from the cause of narrow selfishness, not wanting to share material things, not wanting to share knowledge, not wanting to share spirit, not wanting to share. health,...So look at the root cause of it to solve the problem, not solve the problems that are happening in front of you. I can say that the fact that we try to get out of poverty or become rich is just getting rid of common social stereotypes, which I find funny is the fact that the self-aggrandizement factor in In competition, from individuals to organizations or a country, we really live under the same roof of the earth but we are still not alert enough to beat each other.

The question here is, will some Presidents be willing to do that? Where I come from, changing the economy for the better seems like a future impossible tense and instead of making policies that would better the nation, you wake to hear news that dampens the heart of the poor masses. Imagine increasing the minimum wage of the highly placed individuals while the common man is struggling with a miserly sum.
 If I were to find myself in a presidential role, I'd make sure I wipe my cabinet of the corrupt officials who are more invested in lining their pockets than the betterment of the nation.

We're having a discussion here so I won't consider the topic shit, maybe individually we can't be president of our country but someone here might produce a president from their family and if the ideas we discuss here sounded great to the person they might advise the president based on issues we discussed here so the thread would had served its purpose and lets not dream small, becoming a president can be done by anyone.

If I had the power of the president, only a year won't be enough to better the economy of the nation but I'll start with signing some bills that'll attract foreign investors into the country and make those already there feel at home with no taxes bill to increase job creation.

Macro economy is really a big matter, even you have a great idea to reduce poverty, inflation etc, your idea will affect other sectors.

Yeah we can become a transparent and good president, but you shouldn't forget you have a chance to get death threat from someone who're like to play dirty games. Can you accept it? everyday getting a death threat and if you not have a strong mental, you will not able to stand up to fight against them.

Indeed it is not as easy as turning the palm of the hand. As the president of a country, shaping and managing the nation's economic growth will be a very important responsibility and the economic challenges in each country are unique. Here I try to outline some important points to consider in approaching economic growth and budget planning Admittedly or not economic policy requires careful analysis and consideration of various factors, and the following points should be seen as a starting point.

Balancing economic growth with social welfare. Recognizing that economic growth is important, economic growth must not come at the expense of social welfare in terms of policies that prioritize income redistribution, poverty alleviation, and social safety nets to ensure that the benefits of growth are shared fairly among all segments of society.

Encouraging international trade and investment and engaging in international trade and attracting foreign direct investment (FDI) can stimulate economic growth with a note that being able to manage external dependence means that not 100% dependence on foreign investment, trade or debt can make a country vulnerable to external influences. The government here must be able to advocate for policies that prioritize domestic industry, promote self-sufficiency, and develop resilience to global economic shocks and Increased fiscal responsibility and transparency where well-managed fiscal policy is essential for economic stability and growth.

Yes. The government carries out the people's mandate starting from effective budget planning, and transparent governance so as to create an environment of trust, attract investment, and ensure optimal allocation of resources, for example seeking skills development with education and training where an educated and skilled workforce is an important asset for economic growth in a country.

Honestly I would not want to be in charge of this issue because being from Canada we are screwed when it comes to monetary policy with the massive amount of debt we have and high cost of living.

Inflation is crazy high, employment is tight. We need to raise rates but it seems like 1 or 2 more hikes and something is going to pop and we will end up in a depression type of era. Way too many people are in debt and they used their house to borrow money with lines of credit. Or they are boomers who have no retirement funds except their house which is going to start to lose money.

In my case, what I would do is to remove as many barriers as possible to let the private sector create economic growth, and this boils down to administrative simplification, reduction of public spending and lower taxes.


I agree with this if you are referring to doing it through bids so that private companies compete and the best offer is the one that will be in charge of doing it.

I think economics is more of a by-product than a specific task. If my dream for my country as a president is to strengthen its economy, I'll have to do a whole lot of tasks, even ones not directly related to economics but equally as important.

For example, I'll have to make sure the business environment is friendly. That means removing red tape, eradicating corruption, providing tax incentives to investors, and so on. That would also mean building dependable infrastructures like roads, ports, airports, internet connection, and others. It also means preparing your labor force to be dependable and effective workers. It even means there's peace and order in your place.

Jobs are basically created by the private sector, the investors. And no investor will come to a place where cars don't move because of heavy traffic, where criminals are robbing banks day and night, where the labor force are weak and lazy, where internet is extremely poor and communication signals are nonexistent, where access is difficult, where grease money is needed every step of the way, and so on and so forth.

First of all, trust yourself. Don't start by condemning your words in front of others when you start doing things, so you give others enough reasons to completely ignore you or also consider everything you say trash. Not just here in this forum but even outside the forum. Words of condemnation are not a good way to start a statement.


To me, one thing about a nation's economy is not just in the hands of the president alone to solve; it requires the president to work hand in hand with others for easy policy implementation on how to tackle the economic wellbeing of a nation.

If I were to have presidential power (which I don't wish to), the first thing to do is to make sure all eligible policies that are already signed into law in the country but are not working based on some form of political interest start doing what they are meant to do. Another thing is to create employment opportunities where necessary, because increases in employment are associated with a corresponding reduction in a country's poverty rate. If a majority of a country's population has been moved out of poverty, there should be a higher tendency for a little positive economic change.

The reason why I bought this topic is because of the matter arising today in the economic system, I no maybe this topic may sound like shit or may never come to pass, but let's keep that aside the way cost prices are now in some countries is like hell, so I am still asking if you were the president for a year in your country, how would you treat your country economic growth what will be your plans as the supervisor over the country and how would your economic budget look like.
The reason why I bought this topic is sometimes we merely talk about the future economic systems maybe we could just outline some key points on how you would rule your country in the future of the ecosystem.
Note this!!!!
Sometimes dreams do come to pass☑️