What are some not so obvious things that damage a country's economy?

bohr

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Quote from: alyssa85 on November 24, 2019, 05:33:31 AM

Complacency is a big one - simply assuming that the world will stay as it is instead of rapidly changing and innovating.

You can see this in Germany - they assumed that a 19th century technology like diesel cars would be the future forever, even as the Japanese started experimenting with hybrids and the Americans experimented with electrics. Now they find they're far behind and all the major patents in the hybrid and electric fields have been filed by their competitors.

I think that social media is another factor that really slows down the economy, when I am at my job I always see people just staring at their phones and not working and when I ask people to do something they do not do it or they take hours to do it when it is something that should only take a few minutes, it is as if these people do not understand that at some point in the future their jobs are going to be replaced completely by computers and then they are going to complain about it but if I was their boss I will be desperately looking for a way to replace them.

abhiseshakana

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Quote from: bdivrik on January 13, 2020, 03:38:09 PM

Countries have to give enough value to working people. Because if the production people suffer loss of income, the production chain may be broken. If imports increase, the internal balance of the countries may deteriorate. I think income justice is very important.

For job seekers and workers in the industrial era 4.0 must be able to properly read the economic situation and shifting conditions due to technological advances. In the industrial era 4.0 humans not only compete with humans but humans compete with robots in the context of work efficiency and anticipation of the global supply chain and technological advancements. human. Jobs that are manual, repetitive are easily replaced by robots and are affected by automation,

So what workers can do to compete with robots and artificial intelligence is the ability to do analytical work, creativity, and complex problem-solving. The demand for salary increases is very human and labor rights but when the company conditions are faced with having to reduce production costs for product competitiveness, the demands of labor wage increases sometimes cannot be met by employers.

bdivrik

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Countries have to give enough value to working people. Because if the production people suffer loss of income, the production chain may be broken. If imports increase, the internal balance of the countries may deteriorate. I think income justice is very important.

luppecuppe

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Income injustice is the most important thing that damages a country's economy. People work hard, but they cannot reciprocate their labor. Bank interest is high. So why should people make new investments? They put money in the bank and earn income with interest. This can cause great damage to countries.

HarmonyA

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Quote from: BellIcon on June 20, 2019, 04:11:31 PM

Things that damage the economy indirectly.

For example I feel that fast food and an unhealthy lifestyle leads chronic health problems that probably affects the economy not just monetarily.

Of course we can't just deny these people care, just promote a healthier lifestyle.

What are other things that we can change that will affect the economy in a positive way?

Countries upgrade in technology. Permit me to use the recent event that occurred in Iran as an example, where a commercial plan was hit by a missile attack by the Iranian military. Which the military accepted as an act of mistake, and promised to upgrade their system to prevent future reoccurrence.
When countries refuse to upgrade in Technology due to selfish reasons, it can affect their economy negatively. And if they are open and accept new technologies, it will affect their economy positively.

alyssa85

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Complacency is a big one - simply assuming that the world will stay as it is instead of rapidly changing and innovating.

You can see this in Germany - they assumed that a 19th century technology like diesel cars would be the future forever, even as the Japanese started experimenting with hybrids and the Americans experimented with electrics. Now they find they're far behind and all the major patents in the hybrid and electric fields have been filed by their competitors.

drlukacs

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Quote from: BellIcon on June 20, 2019, 04:11:31 PM

Things that damage the economy indirectly.

For example I feel that fast food and an unhealthy lifestyle leads chronic health problems that probably affects the economy not just monetarily.

Of course we can't just deny these people care, just promote a healthier lifestyle.

What are other things that we can change that will affect the economy in a positive way?

I think that is the problem of waste and air pollution. It is really dangerous and is a very difficult problem. You know, the Amazon forest burned a lot in the last months and scientists investigated that every year the amount of forest burned was 80% more than the old one. If we follow the compound interest formula, all of our Amazon forests will disappear after 15 years. then, we do not have to try to succeed anymore because we have no earth. the air will be polluted and people will die.
we should be aware of environmental protection and thus the economy will sustain well for millions more years.

deisik

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Quote from: airdnasxela on November 24, 2019, 12:13:42 AM

It's the individual. It's really not an obvious factor but if you combine every individual citizen of a country, doing the same thing, then it will be obvious that's it affects their economy. For example, buying more foreign brands than local brands. If you look a single person, you wouldn't think it affects the economy, but if you will look at the wider perspective, if most local citizens prefer foreign brand, it shows they're neglecting their local productions

And what should we do?

Should we levy a protective, or rather prohibitive, tariff on imports to protect the domestic economy rather than to make it competitive so that people could only buy domestic things instead of foreign brands for the simple reason they can't buy anything else? But that would mean that the quality of domestically produced goods will only decline further since we are effectively removing the competition from the market

airdnasxela

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It's the individual. It's really not an obvious factor but if you combine every individual citizen of a country, doing the same thing, then it will be obvious that's it affects their economy. For example, buying more foreign brands than local brands. If you look a single person, you wouldn't think it affects the economy, but if you will look at the wider perspective, if most local citizens prefer foreign brand, it shows they're neglecting their local productions. It's the foreign countries who are benefitting when other countries buy their brands. But what about the local? Their GNP is being affected by that.
Other example, a single government official corrupting the fund. When they corrupt fund, it's already a lot of money, what if we combine every corrupt officials, that would be a lot of money. Instead of providing it for their people, they're the one benefitting from it.

Mometaskers

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Quote from: deisik on November 23, 2019, 01:38:39 AM

So they are essentially producers of human resources. But I can't agree that their kids will be like their mothers. First, if they are boys, there is no way they will be supported as their mothers were. But even if they are girls, their future is still uncertain as it is mostly defined by their environment and how they are raised up. And the daughters are likely to despise deep inside such way of living ("parasitism")

I sure hope that's just the end of it and it don't end up destroying communities. I don't live in the US but I see people blaming these incentives for the destruction of black families and they do somehow make sense, that community have a high rate of single moms. Also not easy to move out of ghettoes I suppose.

Maslate

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Quote from: tadpole_bitfrog on November 22, 2019, 07:22:41 AM

I think it comes from many aspects, partly because the education department is not well developed, does not meet the requirements so it will produce a number of parts, groups of thieves and thugs, not contributing much. For the country, the transportation system is also a part of that, if developing sufficient public systems like Japan or some developed countries, it will reduce road and bridge costs, less traffic congestion, create high productivity -> accelerate the economy.

Aside from that, socia media nowadays is the most influential thing that brings too much negative effect on the economy. Although it has some kind of advantage, but what most social media brings like facebook, twitter and instagram are mostly false and lies that will spread negativity on the people and its economy.

deisik

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Quote from: abhiseshakana on November 23, 2019, 06:47:35 AM

In general, the function of this education is to shape the character of a student so that he becomes a person who is moral, noble, virtuous, resilient, and behaves well

If you ask me (since you replied to my post anyway), that's not gonna work out

And the problem is not with the "character education" itself (as you call it) as I'm totally fine with the idea as such (with less emphasis on "education", though). But this idea is a blatant utopia because who is to teach that "character" to a student? But what's even more important here, who is to determine what that character should look like ("moral, noble, virtuous, resilient, and behaves well")? And while we are at it, how come that I feel like we had already seen something like that before, and it failed miserably? I mean character shaping and designing "a better man" who "behaves well" from scratch? To my skin, it feels a bit Orwellian, doesn't it?

abhiseshakana

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Quote from: deisik on November 23, 2019, 01:38:39 AM

Okay, let's agree that's an interesting experiment

Then it is worth studying from every possible angle, right? Let's assume the mother is kind of doomed. That's actually a plausible assumption, at least on my own personal level. I know a couple of women who have 3 children, and I'm sure that the government support for them played an important role in their decision to have more children (though it is not for life where I live). Long story short, they are lazy by nature

So they are essentially producers of human resources. But I can't agree that their kids will be like their mothers. First, if they are boys, there is no way they will be supported as their mothers were. But even if they are girls, their future is still uncertain as it is mostly defined by their environment and how they are raised up. And the daughters are likely to despise deep inside such way of living ("parasitism")

As we know that the process of continuous globalization and rapid technological progress will have an impact on the changing character of society. Lack of character education will lead to a moral crisis that results in negative behavior in society, for example, promiscuity, drug abuse, theft, violence against children, and so forth.

Character education is a conscious and planned human effort to educate and empower the potential of being educated in order to build his personal character so that he can be an individual who benefits himself and his environment.

Character education aims to instill certain character values to students in which there is a component of knowledge, awareness or will, and actions to carry out these values. Character education is closely related to moral education where the aim is to shape and practice individual abilities continuously for self-improvement towards a better life.

In general, the function of this education is to shape the character of a student so that he becomes a person who is moral, noble, virtuous, resilient, and behaves well.

deisik

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Quote from: Mometaskers on November 22, 2019, 09:24:27 PM

Quote from: deisik on November 22, 2019, 05:59:12 AM

Quote from: Mometaskers on November 22, 2019, 05:27:19 AM

snip

The point of government supporting "the parasites" (as you put it) is in fact to keep them contained
… I mean it may be cheaper to pay off them than to cope later with the negative consequences they will otherwise produce (like crime, drugs, diseases, and so on)

Unfortunately the government is not even doing a good job with bribing them. You'd think they've already mastered the art of bribery at this point, ha! Grin

Give someone free food and he'll come back for seconds. Take for example welfare money being given for every kid a single mother have. It's got the point you have women bluntly making it their dream to just live off the welfare and not work. And they and their kids will remain money sinks forever, how likely are kids going to escape that set up.

So eventually you'd havr MORE people that are engaged in a parasitic lifestyle while the number of responsible people decrease (since they'll likely avoid having too many kids)

Okay, let's agree that's an interesting experiment

Then it is worth studying from every possible angle, right? Let's assume the mother is kind of doomed. That's actually a plausible assumption, at least on my own personal level. I know a couple of women who have 3 children, and I'm sure that the government support for them played an important role in their decision to have more children (though it is not for life where I live). Long story short, they are lazy by nature

So they are essentially producers of human resources. But I can't agree that their kids will be like their mothers. First, if they are boys, there is no way they will be supported as their mothers were. But even if they are girls, their future is still uncertain as it is mostly defined by their environment and how they are raised up. And the daughters are likely to despise deep inside such way of living ("parasitism")

Mometaskers

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Quote from: deisik on November 22, 2019, 05:59:12 AM

Quote from: Mometaskers on November 22, 2019, 05:27:19 AM

snip

The point of government supporting "the parasites" (as you put it) is in fact to keep them contained
… I mean it may be cheaper to pay off them than to cope later with the negative consequences they will otherwise produce (like crime, drugs, diseases, and so on)

Unfortunately the government is not even doing a good job with bribing them. You'd think they've already mastered the art of bribery at this point, ha! Grin

Give someone free food and he'll come back for seconds. Take for example welfare money being given for every kid a single mother have. It's got the point you have women bluntly making it their dream to just live off the welfare and not work. And they and their kids will remain money sinks forever, how likely are kids going to escape that set up.

So eventually you'd havr MORE people that are engaged in a parasitic lifestyle while the number of responsible people decrease (since they'll likely avoid having too many kids).

tadpole_bitfrog

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I think it comes from many aspects, partly because the education department is not well developed, does not meet the requirements so it will produce a number of parts, groups of thieves and thugs, not contributing much. For the country, the transportation system is also a part of that, if developing sufficient public systems like Japan or some developed countries, it will reduce road and bridge costs, less traffic congestion, create high productivity -> accelerate the economy.

deisik

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Quote from: Mometaskers on November 22, 2019, 05:27:19 AM

Quote from: Webetcoins on November 21, 2019, 05:57:05 AM

Even Denmark, which is popular for providing basic facilities for free, takes huge amounts of tax from its citizen.

And that only works as long as you have enough people being added to the job market that is willing to put up with it. If the parasites multiply, it can all fall apart. And it can get sooner than anticipated, that's why people should be looking into alternative ways of growing money. The goal is to not be reliant on the government

I mostly agree with your opinion

Especially, the part about responsible and productive members of society being punished fiscally in favor of the lazy and reckless ones. With that said, though, we must consider the problem from all sides and from all angles. The point of government supporting "the parasites" (as you put it) is in fact to keep them contained

I don't mean just their sheer numbers (this is a separate topic) but also the negative impact they could and would have on that society in more direct ways. I mean it may be cheaper to pay them off rather than cope later with the negative consequences they will otherwise produce (like crime, drugs, diseases, and so on)

Mometaskers

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So many things but they all have something in common - making others pay rather than holding people responsible for their actions? Too careless to insist on a condom? No problem big daddy government is going to pay for your baby's expenses while you go hunt baby daddy for child support? Smoked your lungs black like soot? Here, let public healthcare fix it.

Basically punishing responsible members of society.

Quote from: Webetcoins on November 21, 2019, 05:57:05 AM

Even Denmark, which is popular for providing basic facilities for free, takes huge amounts of tax from its citizen.

And that only works as long as you have enough people being added to the job market that is willing to put up with it. If the parasites multiply, it can all fall apart. And it can get sooner than anticipated, that's why people should be looking into alternative ways of growing money. The goal is to not be reliant on the government.

vintages

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Quote from: uneng on November 20, 2019, 04:02:25 PM

Quote from: BellIcon on June 20, 2019, 04:11:31 PM

What are other things that we can change that will affect the economy in a positive way?

I think overvaluation of worthless things can lead the economy downhill... It's very common nowadays, for an example the overvaluation of worthless culture: movies, music, tv shows, behaviors. Countries that go this way renounce their potential to produce good content to export it to the world.
They lose their status and become a second or third class country. The content they produce will be priceless, reflecting on the economy results. Sadly even very advanced countries are committing these mistakes.

I think this one of the problem that almost every country have but still yet these are most of the things that makes them unique in their own way. The best way to resolve this to make a significant balance in every thing.
By this, the country can not loss it identity, fun part or what makes them stand out.

sapnu

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Quote from: Webetcoins on November 21, 2019, 05:57:05 AM

Quote from: aardvark15 on November 20, 2019, 10:37:29 AM

Quote from: BellIcon on June 20, 2019, 04:11:31 PM

Things that damage the economy indirectly.

For example I feel that fast food and an unhealthy lifestyle leads chronic health problems that probably affects the economy not just monetarily.

Of course we can't just deny these people care, just promote a healthier lifestyle.

What are other things that we can change that will affect the economy in a positive way?

Cost of healthcare is a big problem in some countries like America. Some people have to ration their prescriptions rather than use the proper dosage because they can’t afford them. Some even go bankrupt because of healthcare costs.

In my honest opinion, we should not consider government as someone who really cares about us. Even Denmark, which is popular for providing basic facilities for free, takes huge amounts of tax from its citizen. So in order to improve our own economy we should invest in Bitcoin and try day trading with it. Bitcoin can solve our financial problems with ease. The earlier we invest in it, the more we will make from it.

I think it is the plans or projects of the government also. Because there are things that government doing like they are building a particular project and then they are exerting more budget to that while it is not so important for the country. Why try to help people instead since they are the one's who are making the government the funds for them to budget every year. What I mean is that for example, why do they try to have more seminars that make every people in the country more knowledgeable about money and finance. They should have done that for them to help the country also with their knowledge.

Topic: What are some not so obvious things that damage a country's economy? (Read 6505 times)