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Topic: What are some not so obvious things that damage a country's economy? - page 7. (Read 6505 times)

sr. member
Activity: 994
Merit: 302
I would say, a generous welfare might have the opposite effect than what was intended. I'm not saying everyone just want to remain dependent on the government their entire lives but if you're getting a few benefits (a house, a monthly allowance, etc.) and just making an extra hundred or so in income could make you lose all that, you might end up operating below your potential.

Either that or just cheating (doing sidehustles that can't be taxed or even audited, etc), which would mean that you're making more than enough to be above poverty and you're just siphoning money that could have been used for other things.
member
Activity: 459
Merit: 10
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?
In my personal opinion, the use of plastic is making the environment worse. it is an indestructible item and it is getting more and more and the amount of garbage is being greatly increased as fast food services increase.
I think that people should stop using plastic glasses, plastic utensils and plastic wrap.
Any business needs a clean, green environment to get the best conditions for development.
sr. member
Activity: 938
Merit: 250
manipulations. especially the political manipulations can easily affect on the general financial issues of weak countries. that is why they easily play with such countries and make their money more worthless.

actually there are many causes of problems in a country's economy. because the country's economy is very large, and sometimes there are people who abuse the economy of each country. so of course guessing the causes of problems in the country's economic system is difficult, because we don't have the right to guess things incorrectly.
full member
Activity: 280
Merit: 215
One major thing that can affect a country economy and is even affecting my country is bad government.
Bad government is cancerous to any economy with the corrupt practice done by the government looting public funds to there own selfish uses would cripple any economy.
Also poor workforce(more elder citizens than younger citizens) even though some country don't experience this by having adequate youth still some of the youth are not all interested in being useful and add to the nation human resources
hero member
Activity: 1120
Merit: 554
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?

The medical industry wants sick people, there isn't much money to be made when all of your citizens are healthy.  Plus I think unhealthy people consume more which stimulates other parts of the economy.
legendary
Activity: 3010
Merit: 3724
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Partnerships with regional central banks, taking the advice of the World Bank, and other old financial/banking institutions. The logic is that these guys know what they're doing, and listening to them is going to help you out. But conventional wisdom continues to ignore that markets act with extreme irrationality and so don't always work to the prescribed theory.

So yeah, you could do a lot worse if you don't take the advice of the big boys and as a country, act on your own knowledge and context. Though of course I don't really think countries who go wow over Bitcoin for the sake of it know much better what they're doing...
legendary
Activity: 3500
Merit: 2246
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Apart from addiction to social media and the Internet in general, addiction to alcohol, drugs and video games, and other harmful things mentioned in this thread, such as eating too much of fast food, I think it's decreasing of the birth rate, especially in the developed countries, is what needs our attention. The population becomes older, which basically means fewer and fewer working-age people in the economy.
hero member
Activity: 2646
Merit: 582
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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?
There’s nothing like damaging the economy indirectly, people already knows everything that can damage the economy and those who do such things are doing it on purpose. They are aware of it already and still just want to do it because of their own selfish gains, without caring what’s going to be the effect of it on their country. Especially politicians and those in power are the ones that can be doing such things, exploiting their own country and covering it up and no one would know about it. So all those people that does such things are not doing because they don’t know the effect of it, they already know.
Politician are the basic problem that most countries do have, it is not every citizens that know the difference between left and right, there are some citizens that are engaged in something that is indirectly killing the economy without them knowing themselves because of lack of understanding and illiteracy, which is why they put the leaders there to direct them on things they can do to add value to economy and things they should not do that will damage the economy , but instead , they prefer to just go to the position, to steal funds and do crazy things that will worsen the economy of a country, and what they do that is very bad is to steal the fund from a country, and take it to another country thereby growing another man’s economy rather than their won.
newbie
Activity: 28
Merit: 0
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?

Several factors that come from a nation's idiosyncrasy can greatly affect its economic development, for instance, a lack of embracing ingenuity in the national zeitgeist can lead to heavy impairment of startups, venture capital or angel investments ratio and greatly limit the development of emergent markets within that country. You see this happening even on relatively stable economies; when running under said closed minded societies they're directly impacted on market diversity. An easy target to illustrate this position is fossil fuel dependent countries.

On the other hand, even if the local investment environment won't help bring to fruition a potentially profitable idea due to the idiosyncrasy of the country's population (or at least the investment leaders and authorities), by having global crowdfunding or investment platforms this could allow those startups to connect with professionals that'll invest in business propositions whose projected market response (even if local) can be positive.
sr. member
Activity: 1638
Merit: 300
manipulations. especially the political manipulations can easily affect on the general financial issues of weak countries. that is why they easily play with such countries and make their money more worthless.

Reading your post I remembered Japan since my friend told me that they kept on printing their money the reason the value of their yen go down. I don't know if that is true but when I checked the price at that time, I can visit Japan with a small pocket money like 2000 pesos or like $40. But right now, the price is higher and that 2000 pesos will never be enough.
hero member
Activity: 2464
Merit: 519
many things can damage the economy number one is fraud,corruption that is silent kill the economy we know that not all in the government are loyal they can steal the money from the people. That's why there some country that want of freedom because of greedy people.
Many things but not mainly fast food, It does look quite relevant. It is more about international goods exchange especially to trade the hard currencies. Most countries with good economy and high population have high number of fast food joint, they serve good purpose for the community, it may affect the health of the population if not properly managed but not the over all economy. 
hero member
Activity: 1414
Merit: 516
The people from governments who are corrupt and steal a lot of money, and also people who lead something and don't know how to, and also if there is no new investors to come on a country and build something affect economy on long term.
member
Activity: 616
Merit: 12
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Social media and other addictive Internet sites - people are constantly glued to them, even on their work, which decreases their productivity. Social media also cause depression in many people, because they not only procrastinate, but also constantly compare their life to others, which leads to dissatisfaction. Also social media are good at spreading lies and fakes, which can have negative effects on the economy - anti-vax panic, anti-GMO, political manipulation and so on.

I agree, young adults now are very addicted to social media that they don't care so much about study but they wanted to have their profile to have a lot of subscribers. Indeed social media can make a person to be unproductive in the sense that because of Facebook for example they will not do their work with quality. Also not all in social media can be trusted some new can be fake which can manipulate or stress people.

Finally, it goes back to how we must act to change or at least try to change the internet environment and social media into something cleaner. The social media we see today has more negative side, even though it has a big positive side, only people cannot use it. They only know how to bully others by comment on their post.
jr. member
Activity: 54
Merit: 1
Even small thing can damage a country's economy. I think even littering can destroy the economy. There are some people in my country who throw garbage to the river and when rainy season comes, water that cannot flow smoothly eventually causes flooding and indirectly inhibits  economic activity in that area.

Yeah, I see a lot of garbage collected by floating booms, from people throwing garbage all over. If that time, money and effort went to better things that would make society run smoother, such as fixing roads, then it would better the economy.
full member
Activity: 966
Merit: 104
The government should focus more on the new generations like education and health care because they are the ones who makes the world and economy better. If they get proper nutrition and education, they can contribute more to the economy right after they graduate.
No one cares about the health of their citizens, because with medicine and with the help of pharmaceutical companies you can earn big money.  Recently, for some reason, it seems to me that the Government is organized crime, which intends to bleed humanity, the main purpose of which is to earn a lot of money and obtain real power.
hero member
Activity: 1680
Merit: 655
I guess when you are talking about “not so obvoius” reasons you are not expecting talks woth regards to overprinting money, inflation, and supply and demand but I still think this are the ones who hit the economy hard. So I'll give you the answer that one of the economy killers right now are high rates of people not meeting their basic needa such as food, water, and a home. Without the most basic of needs then other things such as going to school, working, and other means to earn money is lost  because it simply makes them impossible to achieve them.
sr. member
Activity: 2422
Merit: 357
The government should focus more on the new generations like education and health care because they are the ones who makes the world and economy better. If they get proper nutrition and education, they can contribute more to the economy right after they graduate.
sr. member
Activity: 994
Merit: 252
Even small thing can damage a country's economy. I think even littering can destroy the economy. There are some people in my country who throw garbage to the river and when rainy season comes, water that cannot flow smoothly eventually causes flooding and indirectly inhibits  economic activity in that area.
  Simply go to researchgate.com and you would find millions of factors that correlate with your economy. I think that wasting time is also a factor that brings down the economy. Look at Japan. The country has progresses at an accelerated pace in the last 40 years just because even kids are involved in economic activities let alone the grown-ups and the businessmen.
member
Activity: 334
Merit: 15
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Even small thing can damage a country's economy. I think even littering can destroy the economy. There are some people in my country who throw garbage to the river and when rainy season comes, water that cannot flow smoothly eventually causes flooding and indirectly inhibits  economic activity in that area.
full member
Activity: 448
Merit: 101
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?
There’s nothing like damaging the economy indirectly, people already knows everything that can damage the economy and those who do such things are doing it on purpose. They are aware of it already and still just want to do it because of their own selfish gains, without caring what’s going to be the effect of it on their country. Especially politicians and those in power are the ones that can be doing such things, exploiting their own country and covering it up and no one would know about it. So all those people that does such things are not doing because they don’t know the effect of it, they already know.
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