Why stability is the most valuable resource!

[_act_]

They created inflation that should not exist. Yes, they created it with their so called fiat which is a scam to me. I think there is something that is fundamentally wrong in this world. Inflation supposed not to exist.

Yes, you are right. That is the reason you will see small countries like Seychelles having good economy and good life quality. Productivity is very important. It is called total workforce or man power of a country.

[Rubuchi]

They created inflation that should not exist. Yes, they created it with their so called fiat which is a scam to me. I think there is something that is fundamentally wrong in this world. Inflation supposed not to exist.

Yes, you are right. That is the reason you will see small countries like Seychelles having good economy and good life quality. Productivity is very important. It is called total workforce or man power of a country.

all these inflation and economic downturn amidst other crises are artificial. They are situations which are created by our leaders and the government just to for their own selfish benefit. God who created the world and created land has blessed it with abundance resources that will help us become rich beyond our needs but human beings have decided to make life difficult and miserable for ourselves.
Inflation can be avoided in almost all the countries around the world except for countries with very low natural and mineral resources but ironically those countries with less natural resources are even the ones thriving because they have worked hard to develop the very little resources they have with them. Since they knew they do not have enough resources they have been forced to build something for themselves in fear of the repercussions of their lack of resources which in turn has made them even stronger the supposed mineral rich countries.

[summonerrk]

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 order for the country in which you live to have stability, it needs to have a smart and non-corrupt government. They must develop an economy that can easily survive external sanctions, be protected, network their own businesses of all sizes and sovereign technologies. At the same time, the country should not have one president for the entire term, but there should be a periodic change of power. Only in such a state can you feel calm and stable.
Unfortunately, most governments do not meet all the criteria I have listed.

[el kaka22]

This is true, Norway for example is not the richest country when it comes to resources, they have oil, not as much as most other nations, but doing better. Lets give it an example.

Venezuela is the nation with the most oils, literally the most, and you all know how terrible that country looks for the people who live there, people literally starved to death at some point, not all, but we have seen their situation. Saudi Arabia and Iran are second and third as well, Iraq fifth, Kuwait event. And yet, Norway is 20TH NATION. Which looks better to you?

[Jewan420]

The stability and instability of a country depends on the government of that country and its organs. If the government, administration, judiciary and legal department of a country are free from corruption, then stability in that country is not a difficult task. The main reason for the economic instability in the country is corruption, if the country is free from corruption, then the possibility of that country being stable is high and stability means achieving prosperity.

What will happen with more wealth if it is not possible to ensure equitable distribution of wealth? In this case, only one group will benefit and will develop economically, but the country will not develop. On the other hand, if there is less wealth but equitable distribution is ensured, then the entire nation will develop and the country will develop. The development of the nation or the citizen is the development of the country.

[serjent05]

@OP have you thought about the things needed to have stability?  Stability needs resources to be able to progress.  Without valuable resources will eventually become stagnant.  A country that has valuable resources can outgrow stable countries because they have valuable resources that can sustain their economy despite governance imperfections.

Don't forget that stability can't make an economy a success without other factors, valuable resources included.  In short, it is not a simple thing if we are talking about the economy and prosperity.  And obviously, how a country fares is dependent on the quality of its government.

[Jubilee58]

Stability plays a major role when it comes to economic development. It is instability that leads to high cost of living or causes inflation in a country. The importance of stability can not be overemphasized because no matter how wealthy a country might might seem to be, when stability is not shown, everything is likely to turn upside down. These stability is being put in place by the federal government. There are times when a country will deccide for instance to set up price control , such action is to stop people from selling of goods, and services indiscriminately.

[Miles2006]

The only factor disturbing modern country even with resources is mono-economy practice, I thought op will mention this when taking about Nigeria because this is the top reason many countries find it difficult to compete or meet the standard of other countries.
Resources play a very big role, I will not underestimate the fact resources aren’t doing any work as a matter of fact developing countries who know the importance of resources and they make good use of these resources are the ones doing well, it must not always be country producing these resources rather the question is “can they make good use of it” if the answer should be yes, they have every opportunity to do well. Stability works when everything is in order besides whenever the economy is stable you’ll find out it’s attach to wealth or business success.

[Nightwatchmare]

A country and the people living in it will enjoy harmony when there is stability . Stability is so essential in a country because it is the most ultimate resource that transforms environment that is unpredictable. When a country fix a price either in goods or petrol etc, that is not very high but very accommodating to everyone living in the country it becomes a sign of stability.

Instability is what disorganised a country, it is what makes a country loss it's value, but  stability is what brings back the value of a country. Stability serves as bedrock for progress. So, that is why stability is the most valuable resource and will always be.

[alastantiger]

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.

Stability does not equals productivity, a country can be stable but they are not stable in the right things instead they are stable in the negative things that brings down the value of their economy. There are many countries that have had a stable government for many years but those countries are not progressing instead they are downgrading and going backwards. What a country needs is productivity despite stability not being a major point because if the country is moving forward despite of who is in power or what the country is producing then you can have a country that is going to keep moving ahead and the example you use is just a perfect example to use in explaining this. A country can have oil and also have a stable government but this government are only stable in stealing the resources of the country instead of making good use of it for the progress of the country.

[programmer3666]

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.

Stability is very important because businesses and investors always prefer places where things are predictable and secure. Even if a country has a lot of natural resources, constant economic problems, insecurity or unstable policies can scare away investment and slow development. Take instance how some countries with fewer natural resources still have stronger economies because businesses trust the system and can plan long term without fear. Meanwhile, some resource rich countries still struggle because inflation, currency problems, or political instability make it hard for businesses and ordinary people to grow. In the end, trust and stability can sometimes be more valuable than the resources themselves.

[Crypto_Timothy]

Indeed stability is the most the valuable resource out there. That feeling you get when you know that you can do as you wish with your life and it is truly your decision, i mean nothing really beats that feeling at out at least to the best of my knowledge. So even for nations, the ability to stay stable even through war times like we are facing currently, it is just very vital.
I can imagine the panic that would have overtook everyone if these nations where no somewhat prepared with reserves as backups for their nations, how much would the war blocking one of the most crucial resoruces channel have affected the whole. so yeah, once again, stability is the most valuable resource!

[summonerrk]

Indeed stability is the most the valuable resource out there. That feeling you get when you know that you can do as you wish with your life and it is truly your decision, i mean nothing really beats that feeling at out at least to the best of my knowledge. So even for nations, the ability to stay stable even through war times like we are facing currently, it is just very vital.
I can imagine the panic that would have overtook everyone if these nations where no somewhat prepared with reserves as backups for their nations, how much would the war blocking one of the most crucial resoruces channel have affected the whole. so yeah, once again, stability is the most valuable resource!

Everyone expects that they will live and work in peace, and everything will be fine. But we have already seen so much stability after 2020. It was as if the world had entered a crazy phase: covid, which shook humanity for the first time, causing many supply chains to break, many processes to change (I'm glad that the world as a whole has learned how to work remotely), but it's a pity that a lot of people have died. We are also witnessing conflicts among countries, and the most eccentric US president in the world with his attacks, blockade of straits and tariffs. There's no stability right now, but I hope the crazy times will pass soon.

[henmark]

This is true, Norway for example is not the richest country when it comes to resources, they have oil, not as much as most other nations, but doing better. Lets give it an example.

Venezuela is the nation with the most oils, literally the most, and you all know how terrible that country looks for the people who live there, people literally starved to death at some point, not all, but we have seen their situation. Saudi Arabia and Iran are second and third as well, Iraq fifth, Kuwait event. And yet, Norway is 20TH NATION. Which looks better to you?

While they have a lot more resources than just Oil, we can safely assume that it's also about not wanting a trillionaire in their hands to make this work. It's about a culture, and in their culture, they do not have that kind of desire, and they do not feel the need to grow for the sake of growing.

USA for example or China or Russia or many other nations, love it when they have companies making trillions or whatever, Norway doesn't have that desire, they want to have a simple life, yes you will not own a 100 meter yacth, but you will also not see anyone starve. That alone is not something people can accept in their minds. But also, at the same time, you can't have every single nation like that, you can have a few, but not all, because if you do, then there won't be any growth for humanity.

[slapper]

They created inflation that should not exist. Yes, they created it with their so called fiat which is a scam to me. I think there is something that is fundamentally wrong in this world. Inflation supposed not to exist.

Yes, you are right. That is the reason you will see small countries like Seychelles having good economy and good life quality. Productivity is very important. It is called total workforce or man power of a country.

all these inflation and economic downturn amidst other crises are artificial. They are situations which are created by our leaders and the government just to for their own selfish benefit. God who created the world and created land has blessed it with abundance resources that will help us become rich beyond our needs but human beings have decided to make life difficult and miserable for ourselves.
Inflation can be avoided in almost all the countries around the world except for countries with very low natural and mineral resources but ironically those countries with less natural resources are even the ones thriving because they have worked hard to develop the very little resources they have with them. Since they knew they do not have enough resources they have been forced to build something for themselves in fear of the repercussions of their lack of resources which in turn has made them even stronger the supposed mineral rich countries.

While true, it's a little easy on the system to blame the structure, when it is actually the leaders who are to blame. Yes, corrupt leaders are the immediate cause like.Yes, corrupt leaders are the immediate cause, like. I'm not as interested in corruption as I am in the fact that it seems to be so consistent in resource-rich countries. The pattern changes little over the decades and in vastly different societies.

Easily created wealth alters the incentives of an entire country. If it's money from the ground, power is more important than competence. If you have a government that can make money off of extracting oil or minerals or whatever, that doesn't require taxation. And when it doesn't need taxation it doesn't need consent. And when it doesn't need consent it doesn't need to perform.

[Mate2237]

No investor is going to invest in a place were the country is not stable but is having crisis or one form of political or ethnic crisis in a country. Just as you have rightly pointed out the economy development of a country is dependent on how stable or peaceful such a nation is , because in a place were there is no good peace development will not come which should have set up the economic prosperity of such a Nation.


We have seen countries across the world which are actually blessed with a lot of humans and natural resources but the citizens are actually living struggling to survive because due to lack of political or ethnic crisis which, has engulfed such countries there is no development taking place. Peace is one element to consider before anyone should be talking about development.

[batang_bitcoin]

Those stable countries with good governance and lesser population tend to be better with those countries with so many resources, population and yet corruption is a big thing. That's why even if there will be those developing nations which has got vast resources and the majority can benefit from it, that won't do. That is because the political leaders there are going to make their pockets full. Compared to the countries that have a good government system that have been built long time ago, there's an equal distribution of it for its citizens.

[HONDACD125]

Economic productivity depends more on productivity than in resources.

Well, obviously. It's not only the availability of resources that matter, but it's the goals of the people who are in control. If a country is rich with natural resources, but those in control are all corrupt and are only thinking about themselves instead of thinking about the country and its people, they will obviously not be able to make the economy stable because they won't use the resources in the right way, and the resources won't be able to do anything in such a country. But, if a country has good leaders but lower resources, they can still have a more stable economy because the ones in control will use the available resources in the best way possible so that the country can benefit from them.

The examples you gave clearly prove my point. Nigeria is a country that is so full of corruption, and in a country where leaders are corrupt, even if there are a lot of natural resources, those resources won't be able to bring stability in their economy, because the leaders will use the resources only for their own benefits and filling their own pockets so that they can live luxurious lives now and in the future with their families once they retire. This happens in a lot of countries, I won't name them, but we know there are so many third-world countries where this happens.

[Adiljutt156]

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.

All the economic activities is based upon the stability as a foundation. When there is lack of policies in a country then doing business cost over there will be skyrocketing because there is uncertainty that lack long term investment or discourage long term investment. Certain resources like oil, it mostly provide short term wealth but stability ensures that wealth is reinvested into productivity or human capital. Businesses and investors prioritized certainty over raw materials natural resources provide wealth whereas stability creates the predictable environment required to build your business industries or do any innovation.

[Compromise me]

Everyone expects that they will live and work in peace, and everything will be fine. But we have already seen so much stability after 2020. It was as if the world had entered a crazy phase: covid, which shook humanity for the first time, causing many supply chains to break, many processes to change (I'm glad that the world as a whole has learned how to work remotely), but it's a pity that a lot of people have died. We are also witnessing conflicts among countries, and the most eccentric US president in the world with his attacks, blockade of straits and tariffs. There's no stability right now, but I hope the crazy times will pass soon.

World is connected with each other, instability in one country highly affect the economy of other countries. How much stability is important we all came to know it's reality in these days. Just war between two countries create disturbance globally. For me stability is a main and important factor than any other for running the economy. IF everything is available like capital, strategy planning but stability is lack than other factor failed to working well. The conflict between US and Iran not only disturbed the other country's economy but this instability enter even in each houses. Budget of every household affected by this. This shows that how much global stability is connected with everyone life.