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Author Topic: Trust is very important so countries should be trusted by the world  (Read 165 times)
Usdcboss (OP)
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August 14, 2024, 03:34:08 PM
 #1

Trust is number 1 in business.
So countries should really work harder so other countries people and instutions want deal with them.
The list of most trusted countries and less trusted by the people and by the other countries goverments and instutions.
7 most legit and trusted:
Denmark
New Zealand
Finland
Sweden
Norway
Switzerland
Singapore

7 less trusted:
Somalia
Syria
South Sudan
Yemen
Venezuela
North Korea
Sudan


So work on with trust then you can build better business and financial networks with very clear and transparent rules.
However USA is like world police but it's not so trusted as top 7 ... No wonder why the nato headquater in eu is in norway because TRUST is credibility.
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August 17, 2024, 03:43:26 PM
 #2

Trust is number 1 in business.
So countries should really work harder so other countries people and instutions want deal with them.
The list of most trusted countries and less trusted by the people and by the other countries goverments and instutions.
7 most legit and trusted:
Denmark
New Zealand
Finland
Sweden
Norway
Switzerland
Singapore

7 less trusted:
Somalia
Syria
South Sudan
Yemen
Venezuela
North Korea
Sudan


So work on with trust then you can build better business and financial networks with very clear and transparent rules.
However USA is like world police but it's not so trusted as top 7 ... No wonder why the nato headquater in eu is in norway because TRUST is credibility.


Yeah Hi ! You are right, trust is truly a successful business of the world. Almost certainly in countries that are considered reliable attract more businesses and establish stronger budgets if their policies are clear, transparent, and inexpensive because they are placed on it. Judging from your list, some of the countries considered most reliable are Denmark, New Zealand, and Switzerland, and yes I know these countries are known for being stable, transparent, and their good governance. On the other hand, Somalia, Syria, and Venezuela have credible problems, born of instability, war, and governance issues that can isolate them from building sustainable trade and economic relationships but I don't want to be so guilty of that it just happened. U.S. plays an important role internationally, for geopolitical reasons and various national factors, it is sometimes apparently credible. With increased confidence, trade relations would be stronger and international relations and economic cooperation would be stronger.

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August 17, 2024, 06:17:23 PM
 #3

So work on with trust then you can build better business and financial networks with very clear and transparent rules.
However USA is like world police but it's not so trusted as top 7 ... No wonder why the nato headquater in eu is in norway because TRUST is credibility.
Trust cannot be bought with money, it is earned over time. The reason why you put your money in a wallet, exchange, or casino is because of trust. If customers observe that you or your business is trustworthy, they will freely entrust money and deals to you. And you can build trust through credibility, transparency, and integrity. Ensure you give your clients the quality of goods or services they paid at the agreed time.

I don't know the criteria that were used to rate these countries as the most trusted countries. I think most of them deserve the status since they have less corruption in their countries. But Switzerland, to me, shouldn't be on the list based on the relationship the Swiss Bank had with some corrupt politicians in my country. Swiss Bank assisted some criminal politicians in laundering millions of dollars to Switzerland. I am sure the bank knew that those funds were stolen, but they decided to shield corrupt politicians.

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August 17, 2024, 09:47:36 PM
 #4

Trust is number 1 in business.
Trust is not the only reason why some countries are in business; having the same interests is one major reason.

My reason is that if it is just trust, the trust is often between the people who are in government in both countries, and we know that they are not permanent, so things can easily change.

Sustained agreements that lead to long-lasting business transactions between countries are based on interests and benefits.

 
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August 18, 2024, 12:37:34 AM
 #5

Trust is number 1 in business.
Trust is not the only reason why some countries are in business; having the same interests is one major reason.

My reason is that if it is just trust, the trust is often between the people who are in government in both countries, and we know that they are not permanent, so things can easily change.

Sustained agreements that lead to long-lasting business transactions between countries are based on interests and benefits.
Truth be told. Countries share the same, common interest, and that is to create business in align with its goals and intentions which is to bring their own country to the highest level when it comes to progress and productivity.  Although trust is paramount to make a business transaction last longer, having the same goals and interests also motivate them to keep going despite of some unpredictable circumstances and struggles.

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August 18, 2024, 05:48:35 AM
 #6

Trust is a bridge with potential partners in business, it will improve our business very well, either from consumers to your services/products or from business partners, you must have a good track record and good achievements, so that people will trust you.

But I want to ask the OP, where did you get such a survey, what are the concrete reasons that can be accounted for to assess a country in a business case, maybe you can provide your assessment method here, so that we know that the assessment is fair and in accordance with what we discussed this time, the level of trust in you must also be credible in my opinion.

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August 18, 2024, 06:53:22 AM
Last edit: August 18, 2024, 08:27:18 PM by Oluwa-btc
 #7

Trust is not the only reason why some countries are in business; having the same interests is one major reason.

My reason is that if it is just trust, the trust is often between the people who are in government in both countries, and we know that they are not permanent, so things can easily change.

Sustained agreements that lead to long-lasting business transactions between countries are based on interests and benefits.

Trust is reliability on something,when your in business with another what makes you gain trust for such business or person is the fact that it is reliable and dependable,cause you can't put trust on something that's not dependable and reliable.
Just like my country having so much fate in the United States,they do so because they are reliable and dependable in delivering to whatsoever thing.

Trust is a vital tool for sealing deals and making  like-minded interest on a particular goal or targets,when you don't generate trust for someone or a business,you can do business with them or even more.

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August 18, 2024, 07:30:45 AM
 #8

I agree with the sentiment and roughly agree with the lists of countries. But trust is ensured by objective factors. The country should have the rule of law, so that you can actually rely on what's in the legislation and on existing legal procedures. It should also be economically advanced and politically stable enough so that you don't need to worry about your business being hijacked, robbed, physically destroyed, etc. But also, since business is profit-oriented, the amount of taxes you need to pay and bureaucratic difficulty of doing that are also very important.

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August 18, 2024, 08:40:11 AM
 #9

Trust is number 1 in business.
So countries should really work harder so other countries people and instutions want deal with them.
The list of most trusted countries and less trusted by the people and by the other countries goverments and instutions.
7 most legit and trusted:
Denmark
New Zealand
Finland
Sweden
Norway
Switzerland
Singapore

7 less trusted:
Somalia
Syria
South Sudan
Yemen
Venezuela
North Korea
Sudan


So work on with trust then you can build better business and financial networks with very clear and transparent rules.
However USA is like world police but it's not so trusted as top 7 ... No wonder why the nato headquater in eu is in norway because TRUST is credibility.


Your conclusion is obvious. Trust is very hard to build and very easy to lose, it takes decades or even centuries to grow. You'll find many of the least trusted countries are affected by either religious strife and/or politicians who are only ever interested in enriching themselves. You often have to offer something valuable so your trust can be tested, looking at Switzerland for example - it grew a banking reputation that essentially hid money for all sorts of people but maybe not in the best interests of the world. Norway and other Scandinavian countries definitely have a different mentality that involves more sharing, plus they thought longer term when it came to natural resources and who should make money from them.


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August 18, 2024, 10:59:42 AM
 #10

Trust is number 1 in business.
So countries should really work harder so other countries people and instutions want deal with them.
The list of most trusted countries and less trusted by the people and by the other countries goverments and instutions.
7 most legit and trusted:
Denmark
New Zealand
Finland
Sweden
Norway
Switzerland
Singapore

7 less trusted:
Somalia
Syria
South Sudan
Yemen
Venezuela
North Korea
Sudan


So work on with trust then you can build better business and financial networks with very clear and transparent rules.
However USA is like world police but it's not so trusted as top 7 ... No wonder why the nato headquater in eu is in norway because TRUST is credibility.


Trust is derived from the behavior of the object of trust and its compliance with accepted rules, contracts and commitments.
If a person/country says one thing in words, signs agreements, and then starts doing the exact opposite, and justifies its actions with cynical lies - what kind of trust can we talk about?
Trust is very difficult to gain but very easy to lose ! It should be remembered that once deceived, if he got away with it and he was not punished, he will continue to deceive.

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August 18, 2024, 06:02:02 PM
 #11

Trust is number 1 in business.
So countries should really work harder so other countries people and instutions want deal with them.
The list of most trusted countries and less trusted by the people and by the other countries goverments and instutions.
7 most legit and trusted:
Denmark
New Zealand
Finland
Sweden
Norway
Switzerland
Singapore

7 less trusted:
Somalia
Syria
South Sudan
Yemen
Venezuela
North Korea
Sudan


So work on with trust then you can build better business and financial networks with very clear and transparent rules.
However USA is like world police but it's not so trusted as top 7 ... No wonder why the nato headquater in eu is in norway because TRUST is credibility.

Well trust is really important if your country is trusted then there are a lot of business company coming in and make a business and it makes a lot of opportunities, many people will have a work and get a good salary, and it will really help, while if your country is not trusted because of some corrupt politicians and there's a lot of crime then there will be no business coming.

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August 18, 2024, 08:52:52 PM
 #12

You can work for those countries that you think that are less trusted for them to become trusted by other countries. I mean, the people are trustworthy but the government or the current reigning government of them are not. South Sudan during the Olympics have surprised the world for their basketball team. They've got the potential and they're able to reach that far. They have no good basketball courts in their countries and yet, they are able to win during the qualifiers and able to compete there and that's what sports is bringing us all. It is bringing each nation closer to each other and it also establishes trust.

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August 18, 2024, 09:47:10 PM
 #13

So work on with trust then you can build better business and financial networks with very clear and transparent rules.
However USA is like world police but it's not so trusted as top 7 ... No wonder why the nato headquater in eu is in norway because TRUST is credibility.
Trust cannot be bought with money, it is earned over time. The reason why you put your money in a wallet, exchange, or casino is because of trust. If customers observe that you or your business is trustworthy, they will freely entrust money and deals to you. And you can build trust through credibility, transparency, and integrity. Ensure you give your clients the quality of goods or services they paid at the agreed time.

I don't know the criteria that were used to rate these countries as the most trusted countries. I think most of them deserve the status since they have less corruption in their countries. But Switzerland, to me, shouldn't be on the list based on the relationship the Swiss Bank had with some corrupt politicians in my country. Swiss Bank assisted some criminal politicians in laundering millions of dollars to Switzerland. I am sure the bank knew that those funds were stolen, but they decided to shield corrupt politicians.
To be fair OP wasn't talking about buying it with money, but with being transparent.

I agree with your point on switzerland, but as far as i know, they have taken steps towards transparency and slowly ending their corporate secrecy of their banks. And since OP didn't even clarify what he means by "trust", it might have been something different, like trust of their citizens towards their own country. Trust from everyone requires not just transparency but auditability and accountability.

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August 21, 2024, 06:28:51 PM
 #14

Trust cannot be bought with money, it is earned over time. The reason why you put your money in a wallet, exchange, or casino is because of trust. If customers observe that you or your business is trustworthy, they will freely entrust money and deals to you. And you can build trust through credibility, transparency, and integrity. Ensure you give your clients the quality of goods or services they paid at the agreed time.

I don't know the criteria that were used to rate these countries as the most trusted countries. I think most of them deserve the status since they have less corruption in their countries. But Switzerland, to me, shouldn't be on the list based on the relationship the Swiss Bank had with some corrupt politicians in my country. Swiss Bank assisted some criminal politicians in laundering millions of dollars to Switzerland. I am sure the bank knew that those funds were stolen, but they decided to shield corrupt politicians.
I think it is possible to be bought if both parties are corrupt. One example is a casino paying a review site to post positive feedbacks about them. There are still services who started out to be legit and people can trust them right away because they can also feel it and if the company sustains it in the long run, the confidence of their customers are only going to get stronger.

Apart from trust we also want the service, so sometimes even if we are lacking in researched we can't help but to use the service immediately. About the criteria for a country to get picked as the most trusted, like you I also think it's about their government if it's corrupt or not, and then secondly; is if these countries have unsettled debts or not. There must only be a mistake there when the OP included Switzerland in the list.

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