How can we improve our country's economy by on culture or ecosystem?

[AmoreJaz]

This could be ideal to educate people but until when people want to improve the economy but some of the lower ground status doesn't have power some of the parts in the government are overpowering their positions and status so they keep giving under the table transaction just to be part of those particular community and manage those as long as they can some of the generations passes through with their clan so the under their management can't do anything. It depends on that country if can be used we have different ways of ruling like a dictator or being open to the peoples suggestion and the people has the power and not the leader only itself. This changes can be applied if the people itself know what they need to do and who are the capable to control and make their place as safe.

In our case, we are in a 3rd world country no matter how hardworking you are still you need to work around 2 to 3 jobs so that you can feed and supply your family needs in this kind of inflation. Yes it will be very helpful if financial literacy will be teach in schools but in a reality if a country doesn't have enough resources and plan that will help people it cannot be done so easily. Improving economy of a country literally involve the government with a good plan and strategy on everything.

if you have such limitations in your country, it means, you also need to change your lifestyle to cope up with your survival. i understand that it is hard to live if you are just earning enough to pay your bills. look for alternatives to improve your economic status, maybe, it is where you live why you are on such situation. move to an area where the cost of living is low, just to give an example.
improving our country's economy is hard as it is beyond our control. but you can always improve your status of living on how you do things in life.

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[BitDane]

This could be ideal to educate people but until when people want to improve the economy but some of the lower ground status doesn't have power some of the parts in the government are overpowering their positions and status so they keep giving under the table transaction just to be part of those particular community and manage those as long as they can some of the generations passes through with their clan so the under their management can't do anything. It depends on that country if can be used we have different ways of ruling like a dictator or being open to the peoples suggestion and the people has the power and not the leader only itself. This changes can be applied if the people itself know what they need to do and who are the capable to control and make their place as safe.

In our case, we are in a 3rd world country no matter how hardworking you are still you need to work around 2 to 3 jobs so that you can feed and supply your family needs in this kind of inflation. Yes it will be very helpful if financial literacy will be teach in schools but in a reality if a country doesn't have enough resources and plan that will help people it cannot be done so easily. Improving economy of a country literally involve the government with a good plan and strategy on everything.

In a developing country, having a knowledge of entrepreneurship can help solve the problem.  Since we put the task of earning money through our selves directly, we remove the middlemen, who often gets the biggest share of profit, in the system.  We have seen several proof how creating a business and making it succesful helps a family to improve their status in life.  Financial literacy may help but without finances to manage how can this knowledge be applied.  So I think it is better to establish a steady source of income while we are learning about the ropes of financial literacy.

[Bialke]

We could install a two (or more) class money system, where the inflation rate of the higher class is higher.

For example:

- Persons with a yearly income of more than 100,000 USD or savings of more than 250,000 USD could just use "Currency A" with an inflation rate of 5 percent a year.

- Persons with a yearly income of less than 100,000 USD or savings of less than 250,000 USD could just use "Currency B" with an inflation rate of 20 percent a year.

- Prices should be pegged 1:1 between Currency A and B. For example: A bread costs 1 USD - but group A can just buy with currency A and group B just with currency B.

[Alpha Marine]

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

It's not like that, it's in everyone's culture to save money, that is what you'll learn in every family but European economic model gives one financial stability to really make savings and invest in something because European person doesn't have to worry about healthcare and job safety.
So, even in Europe, it's completely up to you, whether you follow the advice "save money" or use European stability to invest money, no one teaches you what to do.

True. It's way easier to take risk in a society where you have job security and other social amenities like healthcare and the rest. In a place like that, people tend to take more risk with their money.
But still, it doesn't mean people in Europe all invest their money because they investing is something that people learn to do. Not everybody is inclined to invest. Investment is not thought in schools, so it something you use your initiative to do.

In some societies in Africa, young people are even advised against chasing money. It's the current generation that is turning things  around. This has been part of the problem Africa has been facing. There is a believe that only older people should have a certain amount of money. This has been a problem for the older generation and they still feel the effects till today.

[nesty]

To improve a country's economy one way is to promote the tourism by showcasing the country's unique cultural heritage and natural resources. It can be done by showcasing cultural festivals, tourism and promoting the different cultural practices of the country. To invest in eco friendly industries such as renewable energy, agriculture and green technology. It can help protect the environment and also it can create job opportunities and boosts economic growth. A strong focus on culture and ecosystem can lead a sustainable economic growth while also preserving the country's unique identity and natural resources.

[Compromise me]

Financial education and its impact on life are really important to us. Save because it allows you to build an emergency fund, invest in future opportunities, and have a safety net in case of unforeseen circumstances. Regardless of income level, the ability to save some of it can provide financial security and enable us to achieve our short- and long-term goals. But it must also be acknowledged that saving alone may not be enough to achieve long-term financial growth and wealth accumulation. So investing can offer the opportunity to generate higher returns and increase wealth over time. This involves taking calculated risks in order to potentially earn greater rewards. We can thus grow our assets and create additional sources of income.

The lack of awareness about financial education can indeed have an impact on our culture Without Proper awareness it becomes Challenging to understand technical aspects and incorporate them into our daily, lives and culture. That  why the main point is to enhance our culture by acquiring financial education and learing how to apply technical concepts to our everyday lives

In our case, we are in a 3rd world country no matter how hardworking you are still you need to work around 2 to 3 jobs so that you can feed and supply your family needs in this kind of inflation. Yes it will be very helpful if financial literacy will be teach in schools but in a reality if a country doesn't have enough resources and plan that will help people it cannot be done so easily. Improving economy of a country literally involve the government with a good plan and strategy on everything.

If these concepts are actually taught in schools the culture will benefit greatly. Long-term trading is an option if you work a job and don't have the time to do anything extra like trading or sit in front of a screen. You can get the proper ideas in this regard via technical analysis.

[superman184]

If these concepts are actually taught in schools the culture will benefit greatly. Long-term trading is an option if you work a job and don't have the time to do anything extra like trading or sit in front of a screen. You can get the proper ideas in this regard via technical analysis.

Trading in the long term looks more like an investment even though it's not that much like an investment because it will still sell immediately when it sees the profits already there. And I think that for trading, the method will not always be the same for everyone because it is indeed influenced by time and also existing knowledge.

Apart from that too, if things like trading and investing were taught in a school environment, I think it would be very good too because every student would learn how to see risks and also how to see an opportunity when targeting profits on what they are going to do. So all these new things and concepts will not be a loss if they are learned by students at the upper secondary school level.

[uneng]

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

If in Asian countries children are taught to save and in European countries children are taught to invest, in Latin American countries children are taught to spend or to borrow money.

It says a lot about the mentality of each group of people and how the local governments handle the financial matter. At schools this subject is almost inexistent, and that is a big issue, because it's there where we should have learned how to invest smartly, how to avoid inflation, that is fiat's depreciation which has been happening along the years and decades. Now this reality is slowly changing for the better, thanks to the internet and opportunities of investments like Bitcoin, which are decentralized and opened to everyone.

But if we had to wait for our local authorities and intellectuals to enlight the masses, we would be lost!

[Mame89]

To improve a country's economy one way is to promote the tourism by showcasing the country's unique cultural heritage and natural resources. It can be done by showcasing cultural festivals, tourism and promoting the different cultural practices of the country. To invest in eco friendly industries such as renewable energy, agriculture and green technology. It can help protect the environment and also it can create job opportunities and boosts economic growth. A strong focus on culture and ecosystem can lead a sustainable economic growth while also preserving the country's unique identity and natural resources.

Agree with you, besides that, for a country to develop economically, it has to fix all of its infrastructure first. Until it connects to an area that the area cannot access. In order for the mobility of goods and agricultural products to be distributed to cities, human resources must be educated. In essence, the government must make policies (revolution of the economic system) so that people are more productive and reduce budget spending that is consumptive so that the government and society can create products that can be marketed to other countries. In addition, the legal system in each country must also be even better where corruptors must be eradicated with stricter sanctions against corruptors. Because these corruptors always take the budget for the welfare of the people.

Apart from that too, if things like trading and investing were taught in a school environment, I think it would be very good too because every student would learn how to see risks and also how to see an opportunity when targeting profits on what they are going to do. So all these new things and concepts will not be a loss if they are learned by students at the upper secondary school level.

Investment is taught in the school environment, it is very good as you said, but it is also important that the mass media educate financial literacy education because the mass media is also able to shape the culture and public perception of financial education so as to increase awareness and understanding in managing their finances. Of course, the most basic of financial education is the family because everything has to start from the outside environment first. Parents have a very good role in teaching their children about money management, saving and making decisions when investing. Taking steps like this can help society in general to deal with financial problems better in the future.

[Bitcoin2009]

The presence of social media makes it easy for us to introduce anything to the world, if we have a good culture or place, it is time to invite many residents or anyone to actively introduce these tourist attractions, this has proven to be more effective so that it will make the economy of local residents increase.

[Vishnu.Reang]

In India there is to much power in the hand of politician , Judiciary, IAS and IPS these people most of the time they miss use their power, if we want to fix this problem of ecosystem then first we have to remove this system. In India there is an unity in people then they can protest. People can easily get united and can remove corruption. And yes to improve country's economy we must have to focus on tourism as well as need to give boost on business and investment and also can invest on eco friendly industries like waste management, renewable energy and organic farming etc.

[Plaguedeath]

@OP you're completely wrong.

Making money, money management and growing money are affect individual's wealth, not affect country's economy. If you want to improve your country's economy, you must report your total earnings and pay your tax! this is the most important factor to improve your country's economy.

Now I ask, you're participate in signature campaign and you're get paid every week, you're live in Asian country where it's mostly third world countries e.g. poor. Do you pay the tax from your earnings in signature campaign?

[livingfree]

There's still a big factor and contribution of someone's skill and that's why if someone who's too skilled on many things, the chance of being successful is high.

Having that, that person will be able to help and contribute to improve the economy of the country through the skills he's got and the result of it, salary.

But this topic seems to be giving the burden to the shoulder of people who just want to work smartly and hardly or, I may have misunderstood it.

[siniminomorocomunisakito]

Trading in the long term looks more like an investment even though it's not that much like an investment because it will still sell immediately when it sees the profits already there. And I think that for trading, the method will not always be the same for everyone because it is indeed influenced by time and also existing knowledge.

On average, what we see is 80% of the loss and a small percentage of them are able to survive and get the highest take and profit of 10-20%, the lowest is 5%, if there is one. This is a common condition that I have noticed from friends who are active in the world. trading. When you're a senior, you're sure to be very different in terms of skills and emotional control.

[Aanuoluwatofunmi]

The presence of social media makes it easy for us to introduce anything to the world, if we have a good culture or place, it is time to invite many residents or anyone to actively introduce these tourist attractions, this has proven to be more effective so that it will make the economy of local residents increase.

It's true that there have been a effective use of the advanced technology with improved innovations over the use of the internet and social media and the pace is fast increasing, but still yet, there are means to which some of our local traditions affects this advanced was of introducing new technologies because we are too used to culture and traditions and don't want to take risk for trying something new, but because but because of the wide adoption of the social media, it's becoming more difficult for this cultural and traditions less effective on the economy advancement.

[Flexystar]

That’s very educating article you have written. I always keep telling myself the only way to earn more save more is through proper education on how to “manage the income”. Obviously if I am capable of doing it then I would promote myself to new levels of monetary savings.m which will ultimately help the country to grow. Well if I’m managing properly then I am also paying my taxes on time, I would be making more progress every year and thus more contribution towards the taxation as well. Definitely agree to entire article. I won’t go much in the technical analysis because that is different part of investment or rather way of earning money.

[letteredhub]

For this idea of yours to thrive it all has so much to do with the cultural milieu we find ourselves and how it supports such idea and how available are those facilities that necessitates or may encourage one to invest. The Western world is something different from those of the South Pole and their interest is different altogether. Only a very few now are migrating to the idea of investing in the future for posterity sake. When we want to analysis a factor we should be careful not to use the yardsticks that be in those areas to determine how things should be same on the other side.

[komisariatku]

In this post I will explain how adding certain factors to our culture can improve our country's economy. Same important factor to consider is the lack of awareness and education both technical and fundamental.
~snip~

The culture in my family is that we are taught how to save. Yes, as you said, I was told to save and was never told or taught to invest and manage my finances well. Now that I've started learning about how to invest and manage my finances, I think the two should go hand in hand. If we only save, our savings will have a different value in the future because there is inflation that occurs every year.

I think investing is something that is very important to do, we can't work forever, the older we get the harder the ability to make money. We need financial security in old age, one of the best ways to get it is by investing. Even though investing has a lot of risks, we need to do it until we find the right and profitable investment instruments

[Plaguedeath]

It caused by either the corruption by government or low quality human resource.

It may caused by bad strategy from the government, but I think the chance is low because they've make calculation about the expected gain and expenditure.

Bitcoin, fiat, inflation and debt are just money, that's not the reason why those countries declare bankruptcy. Maybe there's a country choose to invest their money in Bitcoin, but do you think the profit is always enough to cover the corruption and unproductive citizen?

[Pejoh Asu]

Right now it's easy for us to make videos or content on social media that can display unique things from culture, of course if it's interesting then it's easy to get tourists to come to see, of course it requires easy infrastructure and transportation so that tourists are willing to visit.