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Author Topic: Let's imagine you were the president of your country, How would your Economic  (Read 624 times)
FrozenBit
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June 22, 2023, 12:58:30 PM
 #21

In this role it reminds me of a certain movie about a past president and his journey to power, clearly seeing the current problems of a country to set The goal is to try to change everything in the journey. I think our lips themselves are always a small part of this universe, this universe, and each in each position will have different responsibilities, so it's fair to say that economic development has always been secondary to me. that's not what I see in this life, mainstream is freedom without limits, but do we accept a life without competition, competition, greed, envy, doubt and delusion. In fact, there are many things that appear before we appear and we do not try to lose it, but live beyond it. That's why I see the economy as just a small part of life, see it as a way to bring us closer together, not push us apart.
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June 22, 2023, 01:20:53 PM
 #22

so I am still asking if you were the president for a year in your country, how would you treat your country economic growth what will be your plans as the supervisor over the country and how would your economic budget look like.
The fact that I am the president of a country means that I am the overseer but it does not mean that I really need to know or have an in-depth knowledge of every aspect of how to run the government. Having some knowledge is good but deciding to run the country on some knowledge that I have because I am the president will only ensure that I make more poor decisions. In the area of the economics of the country and how to turn it around and make it better, I will appoint proven professionals in the field of economics that are brilliant and will formulate policies that I will approve, policies that have the ability to make the economy become better. As the president, I will gather a strong team under my government so the best decisions can be made.

R


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June 22, 2023, 02:32:30 PM
 #23

The reason why I bought this topic is because of the matter arising today in the economic system, I no maybe this topic may sound like shit or may never come to pass, but let's keep that aside the way cost prices are now in some countries is like hell, so I am still asking if you were the president for a year in your country, how would you treat your country economic growth what will be your plans as the supervisor over the country and how would your economic budget look like.
The reason why I bought this topic is sometimes we merely talk about the future economic systems maybe we could just outline some key points on how you would rule your country in the future of the ecosystem.
Note this!!!!
Sometimes dreams do come to pass☑️
The major problem in my country is corruption. My first task will be to block all the means or loopholes that promote corruption. Within this one year all corrupt government officials will be investigated and stolen funds recovered.

I will also cut the cost of governance. Some government agencies and parastatal that perform similar roles will be scrabbed or merged thereby reducing the cost of operations. Government officials will be mandated to cut thier staff strength because recurrent expenditure is one of the revenue drains of my country. Appointment of government officials will be based on competence and not political patronage.

The next step will be to ensure that our local refineries are working to enable us to stop the importation of petroleum products. Our nations spend so much on imported petroleum products meanwhile the country has enough crude oil.

I will lift the restrictions placed on bitcoin and other cryptocurrencies. Citizens will be given the privilege of choosing between fiat and Bitcoin. Bitcoin awareness and education will prosper because the country will be Bitcoin-friendly. Making my country a crypto hub will not be a bad decision.

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June 22, 2023, 03:11:25 PM
 #24

I can't imagine myself being the president since I don't know how to run a country. And being in the highest position is a tough one. You can't make everything better in a short period of time.  But I will probably put the professionals in the appropriate positions. Since it's very common in our country where government officials who have no knowledge in the field but still end up getting the position just because they're on great terms with the president or the higher officials. I would want to give importance to our agricultural sector since it's the backbone of our economy. The agriculture can play a vital role in improving the economy if it's given a priority by the government.
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June 22, 2023, 04:29:05 PM
 #25

the current global economy affects all continents and countries to varying degrees. To address this, an intelligent president could establish an institution dedicated to analyzing the world's economic state, its impact on the country, and methods to prevent future economic crises. This institution would assess current economic conditions, identify risks, and propose proactive measures to safeguard the economy. It would also promote international cooperation to collectively address global economic challenges and foster sustainable growth.

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June 22, 2023, 04:53:41 PM
 #26

I don't know if you know this, but the president usually has very limited power, unless it's some sort of authoritarian regime and a person is just called 'president' but is much more than that. In many countries, the position of the president holds no official power, merely serving as a representative function for international relations and unity within the country. In my country, the president has some oversight over other branches of power, but the economy is the prerogative of the Prime minister and the government (the Cabinet of Ministers). So if I were the president, there wouldn't be much I could do about our economy, apart from being publicly against corruption, perhaps negotiating deals for foreign aid and suggesting ideas which would need to be developed in the Parliament.
Considering that my country is in an active state of war against another country, and it's not the kind of war we can just stop, all the state budget goes for military purposes. I think the economy is bound to suffer under such conditions, and the goal is to merely keep it afloat. After the war's over, I think focusing on what needs to be done (and lots of things will need to be done, like repairing tons of infrastructure, working in important political issues) will stimulate the economy. If there's something that needs to be fixed, people are needed. People get employed, and receive money for their work. Then this money enters the flow, and that stimulates the economy even more.

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June 22, 2023, 05:16:13 PM
 #27

The reason why I bought this topic is because of the matter arising today in the economic system, I no maybe this topic may sound like shit or may never come to pass, but let's keep that aside the way cost prices are now in some countries is like hell, so I am still asking if you were the president for a year in your country, how would you treat your country economic growth what will be your plans as the supervisor over the country and how would your economic budget look like.
The reason why I bought this topic is sometimes we merely talk about the future economic systems maybe we could just outline some key points on how you would rule your country in the future of the ecosystem.
Note this!!!!
Sometimes dreams do come to pass☑️
I can't imagine being the president of any country. This is the same as dressing a fat person in a white dress and sending a ballet to the stage. Ridiculous, in a word.

Everyone should do the work in which he is competent. Any president in matters of economics should first of all consult with experts in the relevant field. Self-activity is not allowed and is fraught with economic problems. You know that story with one Turkish country, in which the president fired all specialists (consultants) in the field of economics and began to make decisions without permission, and what this led to. I am not strong in economic matters and I have no experience of the presidency, therefore, for sure, my actions would have turned out to be incompetent.

If I had such a dream and it came true, then the subjects of the country would bitterly regret what happened. Absolutely Smiley

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June 22, 2023, 07:36:19 PM
 #28

So if I were president in my country, I wouldn't be able to do anything meaningful because the president doesn't have the powers that could affect the economy. For that I would have to be prime minister, and in order to make some changes I would have to have a team of professional and honest people around me.

I was waiting for somebody to say this, the president might not even have the power to do something in some countries.
I doubt that 1% of Europeans know who the president of Germany for example is.
The trick question would be to name the president of the Netherlands or Canada! Grin

If I were president of my nation, I would prioritize businesses, tourism, employment, education, and healthcare. To encourage businesses to create jobs, I would decrease taxes and regulations.

And if you lower taxes how are you going to pay for the rest?  Grin
Before you even say it, let's assume Congo or Rwanda lowers its tax to zero, do you see an influx in business?
Easy to "fix" problems in countries that are developed but what are you going to do when there is nothing, like literally nothing in your country that you've become president?


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June 22, 2023, 07:40:01 PM
 #29

Even if having the powers to do everything you can being the president, economy is a large scale that even a president can do nothing when it's already too big to manage.

We'll never know if there are bigger people behind a country's economy and they can make economic sabotage. But with policies, there can be something that I would like to do.

Like having a lesser tax and lesser budget for the public officials to see who are really the ones that's wanting to be a public servant but I don't know, this can end up into corruption so that thought of mine will still be useless.

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June 22, 2023, 07:49:02 PM
 #30

The reason why I bought this topic is because of the matter arising today in the economic system, I no maybe this topic may sound like shit or may never come to pass, but let's keep that aside the way cost prices are now in some countries is like hell, so I am still asking if you were the president for a year in your country, how would you treat your country economic growth what will be your plans as the supervisor over the country and how would your economic budget look like.
The reason why I bought this topic is sometimes we merely talk about the future economic systems maybe we could just outline some key points on how you would rule your country in the future of the ecosystem.
Note this!!!!
Sometimes dreams do come to pass☑️

You basically have to optimize the strongest points of your economy, if that is oil then you need to be like Norway that have built a sovereign wealth fund which will earn them cash far after the oil runs out and is used for the general public instead of squeezing funds out to just a relatively few amount of shareholders. If you are a small island nation then you need to maximize your tourist services, but things like the internet can offer benefits too. You'd really need to make sure that your people are educated to the highest standard, because even if they cannot earn money at home there is the possibility to emigrate to more successful economies and send money back to their country of origin which can help it grow too. There's no single or simple answer.

R


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June 22, 2023, 08:16:16 PM
 #31

So if I were president in my country, I wouldn't be able to do anything meaningful because the president doesn't have the powers that could affect the economy. For that I would have to be prime minister, and in order to make some changes I would have to have a team of professional and honest people around me.

This is a good point
Even a PM would need to have a strong majority in the parliament to make a change. There's always the Senate that can delay you, the president can work for or against you...
You'd need the power of a dictatorship to really have some freedom.

Since I'm a libertarian, I'd start with the law. I'd get the best people to help me remake the laws regarding taxes, civil lawsuits and so on.
I would remove laws that limit free markets, investments, of course move the country away from Keynesian economics and more towards the good old sound money standard.
No more money printing, no more overspending, no more pushing the country into debt. You spend the money that you have, you invest in technologies that allow you to save money and that actually benefit the country, not the whole world. Nowadays countries, especially in Europe, want to be the ones showing the rest of the world how they can be green and doing it at the cost of their own citizens.
Last but not least, I'd never allow for CBDCs, population control, 15 minute cities and all the rest of it.

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June 22, 2023, 09:21:44 PM
 #32

For a start
If I were in a position to and also able to change my country’s economic situation for the better, I would start by changing some old and outdated laws and policies and bringing in some reforms that would encourage more people to go into entrepreneurship.

Without adequate security, there can be no meaningful change that would affect the economic growth and development of the nation. Hence, I might be willing to consider a pay increase for security agencies. Along with a pay increase, a more adequate training program would be implemented to keep these agencies up to speed.

With adequate security, growth and foreign investment could slowly begin to take place. Foreign investment wouldn’t come overnight. Investors would need to see a business opportunity that would bring in profits for them to come in. So, investment in education and skill acquisition would also be a priority.

Easier said than done, but I would also try(with the recently implemented policies)to make everyone pay their fair share in taxes.


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June 22, 2023, 09:29:54 PM
 #33

Can't do a lot if my country is too reliant on other countries. This is what I want to avoid in terms of topics as politics do really divide people. But let's say I've got that position, I'll remove all of those branches and agencies in the government that I think don't really need and don't do that much. They're consuming a lot of money from the public's fund and it's likely that it's being put into waste by having such. While that fund that should be on them, I'll put it on use for the better like going on with it on more useful to the public which they'll see that their taxes are spent wisely.

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June 22, 2023, 10:58:07 PM
 #34

Let's imagine you were the president of your country, How would your Economic

Well, definitely, I will think of the possible ways to fight inflation and other things to make the economy better, but it's all in imagination, because In real life, you cannot really make the economy better like you've imagined it, by chance, you happen to get through the presidential site. By that time, you will realize that it's not as easy as we imagined it to manage a country and the economy. Just as country's economic system is very bad, and the previous government of that country might have incurred some heavy loans that you will be required to repay as the current president.

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June 23, 2023, 03:32:11 AM
 #35

I live in a country that is going through very difficult economic conditions due to the political instability that causes the lack of a clear economic strategy, in addition to the global situation that has exacerbated its tragedy, from the Corona crisis to the Ukrainian war.
This means that whatever the economic model that I imagine is suitable for the development of my country, and whatever the methods of implementing it, it will take me years to reform the current situation by restructuring it, because I will not be the ruler of a country that was established two days ago, but rather a country on the verge of collapse. This is literally what successive governments wanting to reform face, as well as the inability to provide the necessary time.
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June 23, 2023, 04:16:34 AM
 #36

Being a president i will have my own sitting cabinet and form a new administration with the people to look into the areas where the economy is in need of serious intervention and fix for the people, there must be a way to create a balance in raising the standard of an economy but what needed first is to increase the GDP growth of the country and reduce it economic dependency on other countries economy advancement and begin to work on how we can raise the standard of our locally made produce into an international standards others will demand from us, by so doing we are reducing unemployment, poverty and many factors bringing down an economy to jeopardy.

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June 23, 2023, 05:15:09 AM
 #37

so I am still asking if you were the president for a year in your country, how would you treat your country economic growth

Being in that position necessitates many sacrifices as well as tenacity in order to do tasks efficiently. This will not be an easy ride, but I will ensure that the country's economy functions by implementing policies that will improve the well-being of the people who elected me. Using the country's available resources and ceasing to rely on imports will be considered; as a result, dependency on foreign goods will be decreased.

A key aspect of politics that causes it not to work even when the president puts in a lot of effort is a lack of transparency and accountability by those given jobs to do. If I become president, those people will be one of my objectives to deal with if they fail to fulfill their tasks successfully. It’s not going to be an easy way to pass through but since I’m there, I’ll make sure I achieve something for my people.

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June 23, 2023, 10:15:10 AM
 #38

I was waiting for somebody to say this, the president might not even have the power to do something in some countries.
I doubt that 1% of Europeans know who the president of Germany for example is.
The trick question would be to name the president of the Netherlands or Canada! Grin

The truth is that in some countries the presidents are very powerful, but in the EU they are mostly reduced to protocol things, and as you say most people in the EU could hardly list three presidents even their neighboring countries. Unless you have a president who openly supports Russia and is the star of their media, then those who follow politics certainly know him.


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June 23, 2023, 03:55:00 PM
 #39

I think being the president of a nation would be a difficult task because of people around you, not the job itself. Like if you make me president today with the way I am today, I would make the nation a better place, and so would a lot of people here, that's the point, if we were, then we would be great. But, the presidents usually don't and we dislike them.

Because in order to be president, you need powerful people and politicians to pick you, you can2t just go on youtube and claim to be the candidate, well some crazy people do, and they end up getting a few thousand votes at most. So, if you want to be president from a good party that has a chance, you need to grease the hands of so many people that by the end you will be terrible president if you are elected.

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June 23, 2023, 09:18:46 PM
 #40

The reason why I bought this topic is because of the matter arising today in the economic system, I no maybe this topic may sound like shit or may never come to pass, but let's keep that aside the way cost prices are now in some countries is like hell, so I am still asking if you were the president for a year in your country, how would you treat your country economic growth what will be your plans as the supervisor over the country and how would your economic budget look like.
The reason why I bought this topic is sometimes we merely talk about the future economic systems maybe we could just outline some key points on how you would rule your country in the future of the ecosystem.
Note this!!!!
Sometimes dreams do come to pass☑️
In order to change a country in such a short amount of time you will need the political power of a tyrant and a massive amount of money, but setting that aside just for the sake of your example, I think the very first thing I would do is to change the focus businesses have on short term profits over anything else, as it is this shortsightedness which is causing a great deal of the problems we are facing, as an example the 2007 mortgage crisis was an example of the banks looking for short term profits over anything else, however this caused a huge imbalance and forced the governments to save them as otherwise they will go bankrupt, a decision which is still affecting us as well, also I will change this idea that a business is too big too fail, in my opinion if the CEO and board of directors have taken bad decisions big enough to crash their business then governments should let that business to disappear.

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