INFLATION IN THE UNDERDEVELOPED COUNTRIES

[ufaiz50]

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.

[1715086836]

1715086836

[Wysi]

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.

[huu78]

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.

[Suslived]

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.

[Colt81]

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.

[Magkirap]

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.

[pecson134]

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.

[EdvinZ]

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.

[doomistake]

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).

[horrifiedx1]

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

[Webetcoins]

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.

[Kambal2000]

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]

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?

[Memminger]

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?

I think the strongest weapon that a person can wield especially against corruption is to educate the people. It is because of ignorance that the people had been abused by this opportunistic politicians. To relate it with Bitcoin, if somehow a person could simplify the blockchain technology to a level where a beginner could comprehend and would be dedicated to know more about it by triggering there interest would be beneficial to both the cryptoworld and to them.

[Wintersoldier]

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

Not all the case is that the inflation is based from the goods and the demand for it. Sometimes, the government can pass a law inducing inflation on goods but in return, they will provide a compensation through increasing the salary of the people. In particular, it happens with the tax inflation that affects the price of the goods.

In my opinion, this inflation could be solve simply by the citizens that will choose their own products rather than choosing foreign proucts.

[Oneandpure]

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.

Government never control the inflation of money value, they only think with how to get profit with using cash money and never care whit their people saving money in the bank with long term period, how much money increase lower with inflation by saving money why not saving money with convert to gold or can convert with bitcoin and altcoin, if ten years have saving money in the bank you have miss big chance to increase your money if convert with gold or crypto.

[romero121]

Third world countries were the big sufferers of the inflation. First world countries make plans to get recover through the third world countries. This further turns to be a burden for the third world countries which are at the edge of development. In such occasions the affected countries without any plan continue to take decisions which causes heavy inflation.

Another factor is the corruption, by this time to get rid of the inflation first world countries will impose hard market strategies to make themselves strong, and this also been done by making politicians fall for corruption. Very few country's political leaders stand against several policies by first world countries to make thyself overcome the inflation.

[STT]

I've read that the worst effects of inflation take place on those most removed from the source and of course a 3rd world country does not benefit from the cheap debt financing that comes form the original issuance of the currency.  So the citizens of the nation far from the inflation cause such as in the dollar global reserve system do not have benefits from that system that originate with the new currency or the biggest traders with that originating country, so EU, UK and Japan who all receive dollars not long after they are printed all gain by a more direct relationship.
   There is a historical bias to current economic systems that does not properly reflect the world growth that will take place in 2020 going forward.    Any good system has to adapt to what is true today not just the wealth of yesterdays production.

[abhiseshakana]

Third world countries were the big sufferers of the inflation. First world countries make plans to get recover through the third world countries. This further turns to be a burden for the third world countries which are at the edge of development. In such occasions the affected countries without any plan continue to take decisions which causes heavy inflation.

Another factor is the corruption, by this time to get rid of the inflation first world countries will impose hard market strategies to make themselves strong, and this also been done by making politicians fall for corruption. Very few country's political leaders stand against several policies by first world countries to make thyself overcome the inflation.

I've read that the worst effects of inflation take place on those most removed from the source and of course a 3rd world country does not benefit from the cheap debt financing that comes form the original issuance of the currency.  So the citizens of the nation far from the inflation cause such as in the dollar global reserve system do not have benefits from that system that originate with the new currency or the biggest traders with that originating country, so EU, UK and Japan who all receive dollars not long after they are printed all gain by a more direct relationship.
   There is a historical bias to current economic systems that does not properly reflect the world growth that will take place in 2020 going forward.    Any good system has to adapt to what is true today not just the wealth of yesterdays production.

The dollar is used as a benchmark exchange rate for various reasons, one of which is because initially the largest gold reserves in the United States, the United States who won the Second World War, the largest and most powerful military, and the highest Gross Domestic Product in the world. So it is natural that foreign debt is given in US dollars, especially if foreign debt is provided by the IMF with the aim of improving the balance of payments. because the aim is to improve the balance of payments, the IMF conducts a series of interventions that are considered effective in improving the economic conditions of a country accordingly but are often considered laden with political content.

A variety of IMF lending instruments are specifically designed for various balance of payment needs as well as the special conditions experienced by its diverse member countries (https://www.imf.org/en/About/Factsheets/IMF-Lending).

Inflation means an increase in prices and services continuously due to an increased supply of money circulated in a country. Basically inflation is not a bad thing, inflation is a sign that the economy in the country is productive and thrives. More goods and services are produced and distributed, there is an increase in employment as well as workers' wages. The problem is when inflation is uncontrolled.

We have to keep in mind that basically money has no meaning (worthless). Money is just a piece of paper or a coin bearing a certain value. The new value has meaning if he can give you something, such as can be exchanged for food or clothing, or other needs.

If a poor country wants to buy something from developing and rich countries, there will be exchange rates. The tendency of some poor countries will print money to overcome economic problems. If the amount of money in circulation is very large to pay for this exchange rate, there will be inflation and the value of the money will decrease and the exchange rate will be very bad.

The only way that a poor country can become rich is to produce value, both monetary value and production value. Each country must be able to measure its population in order to work productively. The formula depends on each country, what is the strength of their country, which is the biggest commodity and the character of the people.

[JeffBrad12]

Third world countries were the big sufferers of the inflation. First world countries make plans to get recover through the third world countries. This further turns to be a burden for the third world countries which are at the edge of development. In such occasions the affected countries without any plan continue to take decisions which causes heavy inflation.

Another factor is the corruption, by this time to get rid of the inflation first world countries will impose hard market strategies to make themselves strong, and this also been done by making politicians fall for corruption. Very few country's political leaders stand against several policies by first world countries to make thyself overcome the inflation.

Kinda make sense to think about your first statement considering that the system was designed that way. The third world countries are like the countries that struggles the most when it comes to crisis as well as having the biggest inflation. Other countries always sees the underdeveloped countries' currency as nothing but a thin paper whereas they both made by chopping off trees but backed up by different fundamental. However I think that it is the corruption that makes all those countries struggle the most, the crazy corruption could take up the entire countries GDP and left them being poor for yet another centuries.