Why stability is the most valuable resource!

[CTO114]

In today's timeline, we can see that the most valuable economic resource is stability, not even oil.
Economies who don't offer stability, irrespective of natural resource are experiencing; migration, a reduction in the use of indigenous currency, businesses are starting to eliminate long term plans for short term, a reduction in capital expenditure and investment, and a fall in productivity.

Economic productivity depends more on productivity than in resources.

A stable country with fewer resources will surely out perform one richer with resources, as we've seen with countries of the world. In comparison a country like Belgium with fewer resources is outperforming a supposedly oil rich nation like Nigeria.


Trust is surely starting to be an economic resource.

[YellowSwap]

The only reason why a stable country ( in your own view ) will surely surpass the richer ones in resources is because there are people using those resources for their one selfish gains. ..

Many foreign countries are been distabilize intentionally by another country because this another country have their eyes on the resources that the supposed richer country have.

Multiple resources is everything, let's just blame the greedy politicians who choose to make those resources their own breeding ground, embezzling of the money, moving them into some foreign bank accounts.

Your so called stable countries with less resources, what makes them stable? Because their currency isn't bitcoin anyways, it's fiats and every fiats in the world are slaves to inflation.

[Fragrance1122]

In today's timeline, we can see that the most valuable economic resource is stability, not even oil.
Economies who don't offer stability, irrespective of natural resource are experiencing; migration, a reduction in the use of indigenous currency, businesses are starting to eliminate long term plans for short term, a reduction in capital expenditure and investment, and a fall in productivity.

Economic productivity depends more on productivity than in resources.

A stable country with fewer resources will surely out perform one richer with resources, as we've seen with countries of the world. In comparison a country like Belgium with fewer resources is outperforming a supposedly oil rich nation like Nigeria.


Trust is surely starting to be an economic resource.

A country's stability includes political stability , economic stability , institutional and social stability and no government is that fit to provide all these. And for sure the under developing nations lack all of these by one way or the other. comparison of Nigeria with Belgium doesn't make any since. Better you compare KSA, Dubai or Kuwait with Belgium. The corrupt politicians , printing of excessive fiat , unnecessary conflicts and continuous regime changes are the main factors which causes a country's destabilization's. 

[Spaceman1000$]

In today's timeline, we can see that the most valuable economic resource is stability, not even oil.
Economies who don't offer stability, irrespective of natural resource are experiencing; migration, a reduction in the use of indigenous currency, businesses are starting to eliminate long term plans for short term, a reduction in capital expenditure and investment, and a fall in productivity.

Economic productivity depends more on productivity than in resources.

A stable country with fewer resources will surely out perform one richer with resources, as we've seen with countries of the world. In comparison a country like Belgium with fewer resources is outperforming a supposedly oil rich nation like Nigeria.


Trust is surely starting to be an economic resource.

In the case of Nigeria you cited, it's far beyond resource ownership and more of mismanagement and corruption. If we critically look at Belgium, it might be that they might not be too far in production than Nigeria, but they've been able to manage whatever they have judiciously, as a Nigerian, I can tell you that the level of wastage in our budgetary system alone, is enough to plunge the economy into economic downturn. So productivity doesn't just start in an economy, people make it to be possible, hence the political will is there, every other thing will fall inline.

[Ruttoshi]

A stable country is a country that's free from crisis and that will add positive impact to the economy because everyone will have focus to achieve the same goal. Since the country is free from crisis it will make foreign investors come and invest because there are good security and less violence.

Nigeria that you used as an example is having terrorist attacks since 2008 till date and it's even escalating the war due to corruption. How do you expect such a country to be stable.

[Fortify]

In today's timeline, we can see that the most valuable economic resource is stability, not even oil.
Economies who don't offer stability, irrespective of natural resource are experiencing; migration, a reduction in the use of indigenous currency, businesses are starting to eliminate long term plans for short term, a reduction in capital expenditure and investment, and a fall in productivity.

Economic productivity depends more on productivity than in resources.

A stable country with fewer resources will surely out perform one richer with resources, as we've seen with countries of the world. In comparison a country like Belgium with fewer resources is outperforming a supposedly oil rich nation like Nigeria.


Trust is surely starting to be an economic resource.

Yes, this is certainly the case but that stability often takes a long time to build but can actually be dismantled in a relatively short time if pressure can be applied in the right places. Just look at many of the so-called "checks and balances" in America that have totally disintegrated, Trump is writing more executive orders - bypassing all other lawmakers - than any other president in history and has sought to weaken any institution that has tried to stand against him, like the central bank and knocks out any politician in his party that does not act completely loyal. This makes it even easier for any future president to be even more extreme, wiping away things like the Supreme Court if they continued to disagree with his many policies. All this is extremely bad for the long term future of America as we know it, or idolized it for so long.

[WillyAp]

In today's timeline, we can see that the most valuable economic resource is stability, not even oil.

Trade is based on movements and not stability.
Sales of goods have different prices, mostly due to harvest issues.
Production has several sources most have different issues every year.

The only one wishing for stable prices is the consumer. Once a consumer becomes a seller he thinks more like a shark.

[9ja Amaka]

I think stability is good for economic growth, buy I think resource is very good for economic growth as well. The only reason why you feel that stability is more important than resources is because you are talking about a country that lack good management in their leadership.  Using Nigeria as an example of country that has a lot of resources,  but are nit doing well economically,  I believe that could be attributed to the bad leaders that the country has had over time, that refuse to put the resources to the right use. We have other countries in the middle east that are also rich in oil and we can can see how good their economy is way better than thay of Nigeria, because they have got better leaders that tend to manage their resources better. In my opinion I think stability is important,  but it has to go with resources and good management.

[eightdots]

I think stability is good for economic growth, buy I think resource is very good for economic growth as well. The only reason why you feel that stability is more important than resources is because you are talking about a country that lack good management in their leadership.  Using Nigeria as an example of country that has a lot of resources,  but are nit doing well economically,  I believe that could be attributed to the bad leaders that the country has had over time, that refuse to put the resources to the right use. We have other countries in the middle east that are also rich in oil and we can can see how good their economy is way better than thay of Nigeria, because they have got better leaders that tend to manage their resources better. In my opinion I think stability is important,  but it has to go with resources and good management.

Stability is one of the most fundamental characteristics for a country to achieve its goals. Steady progress ensures that plans are implemented as intended and that the intended objectives are met. Stability is indispensable in any endeavor. If a country can make steady progress in its endeavors, its citizens will be satisfied and will benefit from this situation to the fullest.

Ensuring stability is no easy task. In some countries, achieving the desired positive outcomes is difficult because such outcomes do not materialize immediately and require careful planning and hard work. It takes time to carry out this work consistently and to elevate the economy to a higher level.

[Patikno]

A stable country with fewer resources will surely out perform one richer with resources, as we've seen with countries of the world. In comparison a country like Belgium with fewer resources is outperforming a supposedly oil rich nation like Nigeria.

A country with abundant resources will become richer, especially if those resources are utilized effectively. The opposite will occur if a country human resources are inadequate to manage those resources effectively, and this is usually due to a lack of technological knowledge, or a lack of capital. Furthermore, a country poor efficiency can be a major factor in poor resource management, especially if corruption is prevalent. Well, as far as I know, many countries are rich because they have resources, but again, it all depends on the efficiency of the country government, and the stability of a country is also determined by this.

By the way, there is a term called the "resource curse" for countries with poor efficiency (or, low economic growth), just fyi.

Reference : wikipedia.org - Resource curse

[Berry2d]

A stable country is a country that's free from crisis and that will add positive impact to the economy because everyone will have focus to achieve the same goal. Since the country is free from crisis it will make foreign investors come and invest because there are good security and less violence.

Nigeria that you used as an example is having terrorist attacks since 2008 till date and it's even escalating the war due to corruption. How do you expect such a country to be stable.

That of Nigeria is a know go area, as there problem has gone beyond imagination and control but in a way such that there faith can only be determined by God alone.  I will say the insecurity challenge affected Nigeria now is as a result of political instability and corrupt leadership system of Nigerian leaders because with the depth of Nigeria military it would be difficult for those insurgents to win in a battle but because corruption has eaten up the system the Nigerian soldiers will still be defeated.
Using Nigeria as an example is a waste of time because that stability can never be possible now and even tomorrow until a refined set of leaders are elected into power.