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Author Topic: Economic power  (Read 749 times)
Chainsmokers
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April 19, 2023, 02:17:49 PM
 #81

A nation without much economic strength is lacking behind and cannot be recognised in terms of national statistics of states of the world that are doing well it is better if we build our nations economy and not only the political area
A nation which has big economy has advantage of tourists and investors to come over to settle within and operate in there different area in life
So they must of an alternative way to raise their economic reputation to provide more opportunities to their citizens. This is what commonly happens in third world countries, that they need to rely on alliances or follow under someone's wing. Whether the economy like it or not, there are those 3rd world countries who had a rapid rise of population and in order to cater those excessive man power they must seek for opportunities outside the country, this why diplomatic relations in other countries are made and is also needed.
It is true that diplomatic relations between countries are so important because it provides many benefits,
Apart from student exchange work, this is of course part of the diplomatic relations,
the more countries have diplomatic relations with other countries, the better it will be.
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April 19, 2023, 04:55:18 PM
 #82

It is true that diplomatic relations between countries are so important because it provides many benefits,
Apart from student exchange work, this is of course part of the diplomatic relations,
the more countries have diplomatic relations with other countries, the better it will be.
Diplomatic relations between countries do have benefits in particular and from what I read on a site called materiips.com that the benefits of diplomatic relations between countries actually have seven benefits. And I think it really needs to be maintained by every country in order to advance the country in several sectors through these seven benefits, including:
  • Preventing the Damage of a Country. The cooperation of a country can also be a defense to deal with various possibilities that can damage the culture and things that are contrary to the ideology of a country.
  • As the Development of Cultural Values. Support efforts to foster and develop the nation's socio-cultural values in efforts to overcome all forms of threats, challenges, obstacles, disturbances and international crimes in the context of social development
  • To support the implementation of political policies and foreign relations that are used for national interests, especially for development interests in all fields.
  • Support efforts to increase national development
  • Peace and security between countries, believe in supporting efforts to maintain and restore international peace, security and stability.
  • Improving friendly relations between countries, to avoid conflicts that occur. The existence of cooperation that occurs will strengthen the relationship of a country.
  • Improving the application of science and technology and overcoming things that can damage culture.

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April 19, 2023, 05:37:13 PM
 #83

As everyone knows, economic power refers to the ability of individuals, organizations, industry, governments and nations to control and influence the production, distribution and consumption of goods and services. Economic power is very important because it provides the necessary resources to build and sustain other aspects of life. Regarding Political power, in my opinion although it is important, it cannot survive without a strong economy because Lack of economic strength can cause various problems, such as poverty, unemployment, and social unrest.

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April 19, 2023, 07:30:12 PM
 #84

It is true that diplomatic relations between countries are so important because it provides many benefits,
Apart from student exchange work, this is of course part of the diplomatic relations,
the more countries have diplomatic relations with other countries, the better it will be.
Diplomatic relations between countries do have benefits in particular and from what I read on a site called materiips.com that the benefits of diplomatic relations between countries actually have seven benefits. And I think it really needs to be maintained by every country in order to advance the country in several sectors through these seven benefits, including:
  • Preventing the Damage of a Country. The cooperation of a country can also be a defense to deal with various possibilities that can damage the culture and things that are contrary to the ideology of a country.
  • As the Development of Cultural Values. Support efforts to foster and develop the nation's socio-cultural values in efforts to overcome all forms of threats, challenges, obstacles, disturbances and international crimes in the context of social development
  • To support the implementation of political policies and foreign relations that are used for national interests, especially for development interests in all fields.
  • Support efforts to increase national development
  • Peace and security between countries, believe in supporting efforts to maintain and restore international peace, security and stability.
  • Improving friendly relations between countries, to avoid conflicts that occur. The existence of cooperation that occurs will strengthen the relationship of a country.
  • Improving the application of science and technology and overcoming things that can damage culture.
Diplomacy between nations? Fascinating, folks! Those seven advantages you mentioned show how diplomatic ties can make a country great again in many areas. Imagine a world without diplomacy?

One of the chief boons of diplomatic relations is averting potential damage. It's astonishing how nations can collaborate to address challenges that menace culture and contravene a country's principles. Moreover, diplomacy aids the nurturing and growth of socio-cultural values within societal progress. Plus, politics and foreign affairs? They're key for national interests, especially for progress in every field. Diplomatic ties boost national development and keep relations friendly, avoiding nasty conflicts. Thus, let's make diplomacy a top priority for the benefit of all nations

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April 20, 2023, 04:52:06 AM
 #85

As everyone knows, economic power refers to the ability of individuals, organizations, industry, governments and nations to control and influence the production, distribution and consumption of goods and services. Economic power is very important because it provides the necessary resources to build and sustain other aspects of life. Regarding Political power, in my opinion although it is important, it cannot survive without a strong economy because Lack of economic strength can cause various problems, such as poverty, unemployment, and social unrest.

Yes you are absolutely right economic powers has the ability of countries, businesses, or individuals to improve their standers of living, individual can take decision by their self if financially someone is not dependent upon their family or partner then no one can suppress them same thing applicable with countries as well it increases their freedom to make decisions which beneficial for them and reduce the ability of any outside force to reduce their freedom. For example India is exporting oil from Russia after knowing that Russia is a big enemy of US. If India was Economically weak then India can't take this steps we can see economy power here.
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April 20, 2023, 04:58:59 AM
 #86


Political power is good but political power can not survive without good economic power, political power is irrelevance if there is no good economy situations of any firm. It takes the economic power to build every other aspects of life.

I agree with you that and I know that we are in the era where things do not exist alone. Are always interwoven. Just like you have pointed out, economic and political powers are interwoven and are dependent on each other to thrive. In my estimation, political power is the gatekeeper that checks the excesses of economic power. A typical example is the case of introduction of a new currency in my country by the governor of the Central Bank. It caused untold hardship among the citizens. People couldn't feed. While the old currency was removed from circulation, the new currency was scarce and was in the hands of only few people. This was were political power stepped up. The head of the Central Bank was taken to court by the political institutions(elected governor from different states)and the court passed a judgement that both the old and new currency should be used1. They therefore brought back the old currency into circulation and things have now returned to normal.

1. Read more here - https://tribuneonlineng.com/supreme-court-judgment-on-naira-swap-agf-cbn-governor-should-resign-apc-nwc-member/

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April 20, 2023, 05:26:13 AM
 #87

Quote from: Godlovesyou
When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

You're right OP, that is why many potential government prefer to pump huge amount of money on their economy so that their citizens will experience some positive changes in the economic power in the country. During the pandemic that took over one year and some months in the world, made many countries to be serious with their economic power because they thought they have what it takes to get it right at the moment until many industries started folding up because of the poor economic power in the land. Economic power and political power are very important for any government to embrace to ensure their citizens enjoy steady deflation from the land which is the wish of every humanity in the country.

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April 20, 2023, 05:50:44 AM
 #88

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.

Political power is good but political power can not survive without good economic power, political power is irrelevance if there is no good economy situations of any firm. It takes the economic power to build every other aspects of life.

Even government can not operates effectively if they lack or suffered economic kwashiorkor. Smooth organization operates as a function of good economy situations. When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

Yes, I really agree with you, that indeed in every growth and development something must be supported by a good economic level, both individuals, organizations, industry, government and others who need funding in the operation of their work, of course, need funding as a tool for operational sustainability in implementing the vision and its mission, we cannot ignore it and again if an organization or individual who has a strong economy he will easily implement his wishes and have great influence, therefore the economy is very important to be a component that must be strong in the course of activity.

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April 20, 2023, 02:53:50 PM
Last edit: July 24, 2023, 11:11:20 AM by slapper
 #89


Political power is good but political power can not survive without good economic power, political power is irrelevance if there is no good economy situations of any firm. It takes the economic power to build every other aspects of life.

I agree with you that and I know that we are in the era where things do not exist alone. Are always interwoven. Just like you have pointed out, economic and political powers are interwoven and are dependent on each other to thrive. In my estimation, political power is the gatekeeper that checks the excesses of economic power. A typical example is the case of introduction of a new currency in my country by the governor of the Central Bank. It caused untold hardship among the citizens. People couldn't feed. While the old currency was removed from circulation, the new currency was scarce and was in the hands of only few people. This was were political power stepped up. The head of the Central Bank was taken to court by the political institutions(elected governor from different states)and the court passed a judgement that both the old and new currency should be used1. They therefore brought back the old currency into circulation and things have now returned to normal.

1. Read more here - https://tribuneonlineng.com/supreme-court-judgment-on-naira-swap-agf-cbn-governor-should-resign-apc-nwc-member/
These days, it's hard to tell where one item stops and another begins since everything is so intertwined. Money in politics? They make a stunning pair and cannot be separated. But here's the thing: when money gets out of hand, political power swoops in like a superhero. As in the case of the Central Bank governor who was prosecuted for tampering with the new currency. A true hero, trust me on this one! Bringing back the old currency is another topic I'd rather not discuss. A mighty swoop of force, indeed! This demonstrates that when called upon, political power can pack a devastating knockout punch. Tremendous!

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April 20, 2023, 03:36:39 PM
 #90

I believe in economic power that describes an individual or group that is more advanced and better.
no need to look for examples that are far away, compare a child from a rich family and from a poor family, a child from a rich family gets access facilities, and a more advanced education,while the number of children from poor families is minimal, but that doesn't mean he can't become rich, it's just that their start is very different.
Well, that can probably be a good example of how economic power can actually strengthen an individual, a group, or a nation. A nation with economic power tends to get better and quicker development within the country, and a country that develops fast tends to rise higher in almost every aspect and the competition out there will start noticing them.

If we talk about an individual, someone with economic power is obviously superior to someone who has no such thing backing them at all. Just like you said, a rich person can easily climb the ladder of success way quicker than someone without riches.
The sad thing is that even in the most developed nations, there are parts that get a lot less attention. I believe that the world we live in is an unfair world and people who already have money has the key and people who are not rich will have to work all their life and maybe retire or maybe not retire. In the end we are not going to see that change anytime soon, any nation that tries to change it faces a lot of backlash.

For example, when you want to try to bring the gap down a bit, they call you a communist and they try to ban you from politics in some nations. When in fact the only aim is to make sure that people who do not have enough could all have enough if we just tax the rich a bit more, only people who are bothered with that should be people with billions, not people with nice houses, there is a big difference.

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April 21, 2023, 06:45:52 AM
 #91

it is true that economic strength is a benchmark in every aspect, a small example like from economic strength we can find out what a person's true nature is, how he interacts with people whose economy is weak and people whose economy is strong
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April 21, 2023, 01:55:49 PM
 #92

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.
I agree with your initial statement, so I paid attention to it.
To support your argument even further, I will point out that without economic power, which is the foundation upon which political power is formed, it will be challenging for individuals, groups, businesses, governments, and entire countries to achieve any worthwhile aims and objectives.
Consider for a moment that during the COVID-19 era, the nations who suffered the most in terms of being able to offer relief supplies and palliatives for their inhabitants were those that lacked the economic might of their governments.

You can understand thus why I concur with the OP's first premise.

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April 21, 2023, 02:45:53 PM
 #93

It is true that diplomatic relations between countries are so important because it provides many benefits,
Apart from student exchange work, this is of course part of the diplomatic relations,
the more countries have diplomatic relations with other countries, the better it will be.
Diplomatic relations between countries do have benefits in particular and from what I read on a site called materiips.com that the benefits of diplomatic relations between countries actually have seven benefits. And I think it really needs to be maintained by every country in order to advance the country in several sectors through these seven benefits, including:
  • Preventing the Damage of a Country. The cooperation of a country can also be a defense to deal with various possibilities that can damage the culture and things that are contrary to the ideology of a country.
  • As the Development of Cultural Values. Support efforts to foster and develop the nation's socio-cultural values in efforts to overcome all forms of threats, challenges, obstacles, disturbances and international crimes in the context of social development
  • To support the implementation of political policies and foreign relations that are used for national interests, especially for development interests in all fields.
  • Support efforts to increase national development
  • Peace and security between countries, believe in supporting efforts to maintain and restore international peace, security and stability.
  • Improving friendly relations between countries, to avoid conflicts that occur. The existence of cooperation that occurs will strengthen the relationship of a country.
  • Improving the application of science and technology and overcoming things that can damage culture.
this is only the outside benefits of countries doing alliances and diplomatic agreements, but somehow like those cliche stories we read online that they are taking advantage of weaker countries to demonstrate their power is literally real. nowadays saying that they'd be giving opportunities to lower countries are just false promises to exploit manpower from countries that are not allowed to participate to higher economic competition. more money means you can dominate the economy and you can dictate the next move of the decisions taken in different countries.
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April 21, 2023, 03:25:26 PM
 #94

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.
I agree with your initial statement, so I paid attention to it.
To support your argument even further, I will point out that without economic power, which is the foundation upon which political power is formed, it will be challenging for individuals, groups, businesses, governments, and entire countries to achieve any worthwhile aims and objectives.
Consider for a moment that during the COVID-19 era, the nations who suffered the most in terms of being able to offer relief supplies and palliatives for their inhabitants were those that lacked the economic might of their governments.

You can understand thus why I concur with the OP's first premise.
A country who will be economically strength, he also be strength from all aspects .Those countries that are financially prosperous have leadership in technology, industry, business and world politics. The point you mentioned is that all the countries that were economically strong during covid19 got the vaccine on time. Countries that are relatively financially weak have received it later. In each case the economy has an effect. However, to develop a country economically, it has to develop in many areas, the most important of which is business. Those who are able to expand their business quickly will achieve economic prosperity quickly. It can be same at domestic or international level.

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April 21, 2023, 04:42:51 PM
 #95

Political power is good but political power can not survive without good economic power, political power is irrelevance if there is no good economy situations of any firm. It takes the economic power to build every other aspects of life.

Even government can not operates effectively if they lack or suffered economic kwashiorkor. Smooth organization operates as a function of good economy situations. When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.
Borrowing from the words of Karl Marx that, those that owns economic power has a great influence on the political Will of the society and by extension they influence the decisions making as it affects the society.
For any government to have the capacity to control and wield political authority then it must also be self sufficient economically, must have the capacity to go into economic relations with other countries of the world .

Today we have rival and warring opposition groups within states fighting for occupation of certain geographical areas, it's not because they love to fight but because they want to take control of such area due to either a natural resource such as gold, crude oil, gas, etc that's found within such location and whosoever gain control also gains economic power  with a tendency of capturing political power. In real sense of it all, political power is nothing without a correlation with economic control.

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April 21, 2023, 04:52:34 PM
 #96

Economic power isn't everything, but it sure is a hell of a lot of other things.

Just take a look at China, it's one of the countries that are frowned upon by many, due to their weird ordinances and their extreme communistic approach, second only to North Korea. Although compared to North Korea, they prosper. Why is that the case? Because they are economically-capable. The whole world can go against them and they wouldn't budge from their seat. But that isn't to say that they can do something about it especially if a global conflict is to happen.

Whatever man, TL;DR: Economic Power is a good power to have, but only up to a certain extent coz countries could always band against you and pound your land to the ground with nukes.
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April 21, 2023, 04:54:22 PM
 #97

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.

Political power is good but political power can not survive without good economic power, political power is irrelevance if there is no good economy situations of any firm. It takes the economic power to build every other aspects of life.

Even government can not operates effectively if they lack or suffered economic kwashiorkor. Smooth organization operates as a function of good economy situations. When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

Yes.  I fully agree with you. 

Once I was playing computer strategy with my best friend from school.  My friend and I took turns being the supreme ruler of a fairy-tale state.  I was the supreme ruler of the state for 5 minutes.  Then my friend was the ruler of the state for 5 minutes.  Then I again held the highest position of the Emperor and made management decisions for the next 5 minutes. 

Very soon I realized that it was not enough just to fight the trolls, orcs and other fabulous creatures that were constantly attacking us.  It is necessary to develop the economy of the state (develop agriculture, build mines, residential buildings, make food supplies, accumulate gold to pay for mercenary troops).  We must also prepare for war.  So I made the decision to become a peacetime ruler.  Within 5 minutes, I actively developed the economy, and my friend, in the time allotted for him to play, waged wars with the orcs and actively won. 

As a result, we defeated all our enemies and built a powerful state. 

So I realized the importance and necessity of building up economic power.

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April 21, 2023, 05:38:02 PM
 #98

Economic power can also include a country's ability to influence global economic policies, set international trade rules, and attract foreign investment. Countries with strong economic power often have a significant impact on the global economy and can use their economic influence to promote their national interests and many more.
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April 21, 2023, 06:15:37 PM
 #99

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.

Political power is good but political power can not survive without good economic power, political power is irrelevance if there is no good economy situations of any firm. It takes the economic power to build every other aspects of life.

Even government can not operates effectively if they lack or suffered economic kwashiorkor. Smooth organization operates as a function of good economy situations. When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

In my opinion, economic power comes before political power. I mean if a nation wants to have political power, it should have good economic power firstly. That is what China tries to do, as we can see their political power increasing and that is due to the developed economic power they have been working on for years. More specifically, China has been providing loans to some nations, especially African nations, and using these loans to control the power of these nations, as Africa is full of gold and other industrial minerals. However, the way China is dealing with other nations is much different from the way the USA was dealing, and that explains why the USA is falling back in Africa and the Middle East.
We can simplify the matter by coming back to human nature. A man first strives to stay alive by eating and drinking, then when he finds himself comfortable, he starts to search for additional power that satisfies his ego. We can apply the same thing to the relationships between nations.

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April 22, 2023, 06:52:57 PM
 #100

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.

Political power is good but political power can not survive without good economic power, political power is irrelevance if there is no good economy situations of any firm. It takes the economic power to build every other aspects of life.

Even government can not operates effectively if they lack or suffered economic kwashiorkor. Smooth organization operates as a function of good economy situations. When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

It all depends on the goals of the state, if only the members of the government want to prosper, then they may not develop the economy - they will always have money themselves.
The same cannot be said about the population. But if good people are at the head of the state, then they will take care of the population that will live in prosperity. But a bad government only needs to be able to pay for the services of the police, which will shut up the discontented. But this is only in undeveloped countries.
In the end, it all depends on ourselves. If you are dissatisfied with the current political order, you can save up money and leave another country.

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