Why stability is the most valuable resource!

[rodskee]

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.

my country also has abundant resources but is not being used well. countries that have fewer resources gain resources from countries like ours which is what makes them stable. it’s crazy how even though we are the ones with resources we can’t help our own country to be better

[Agbamoni]

Gone are the days when countries with natural resources have more to gain economically. Recently, countries that focus on production and manufacturing have taken the global economy by storm. The countries with natural resources sell their resource at an affordable price, while the manufacturers produce goods and services that will be sold at a higher cost to the countries with natural resources. This proves the idea that productivity at its very best is the real gold. Countries that have the resources and manufcature good will be more successful than others.

[Smartvirus]

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.

my country also has abundant resources but is not being used well. countries that have fewer resources gain resources from countries like ours which is what makes them stable. it’s crazy how even though we are the ones with resources we can’t help our own country to be better

It all comes down to leadership my friend. That’s why, it’s very important that when a nation goes to the polls, credible elections are held and good leaders are elected into offices to manage the affairs of the nation for a duration.

When you have a visionary leader in office, one that sees far his own personal benefits and understands that, collective and judicious use of resources would put the nation in a position of growth that would benefit even the lowest of class in the social stratification of persons in the society, then you would find that society growing.

It doesn’t matter how much in resource you’ve got. Once it’s being looted, the nation would always be underdeveloped and it’s people continues to suffer.

[Bitcoin_people]

In the modern world, wealth does not only mean oil, gas or minerals, but people have the most confidence in stability. Moreover, trust in institutions and trust in currency is the most important thing today, which is the biggest tool of economic wealth today. An economy will never be long-term and trust in people when people can see a good future for that wealth, and can predict that these assets will be more profitable in the future. If businessmen do not believe that the wealth will not change in the next 5-10 years, then there will be no trust, that is why businessmen will have confidence only if a wealth is stable and its demand continues to increase in the future. There are some countries where despite having little wealth, they have improved their economic aspects, which has made them developed countries. Again, there are some countries where despite having a lot of wealth, they can improve their economic position, mainly because of stability.

[Royal Cap]

Yeah a country does not progress only by having resources, a good example of this is our Bangladesh. Our country does not have much oil or large natural resources, yet for many years the economy has been based on garments, remittances and small businesses, because people worked, did business and there was stability, they were able to grow.

But when economic uncertainty increases that's when people start to fear about the future. Many people want to save money instead of investing it or think about going abroad. So yes it is true that a stable environment is much more important than natural resources.

[Emitdama]

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.

The main cause of this is because resource curse. Resource rich country are falling into trap of easy money, refusing to invest heavily into education because pumping oil is easy but cultivating human is not.
Small country with scarce resource knows that education is very important so they invested in it earlier and earning massively in this world of trust based economic system. Europe thrive by having service economy.

It is seems that all countries that are rich are looking smart too, but that is not a co-incident. If you are smart, you will also handle the money and the resource around you very well. But another thing that we may look into is that maybe there is also a corruption that is taking place on some countries like Nigeria right there. If the resource are seem unlimited, they can make again but where all those money going?

Even though I'm afraid that the country of Nigeria might be experiencing it now and they lack on educational system, it is nice to know that the people there are still trying their best to learn independently like they use the technology they currently have e.g. the smartphone to access the web and learn there on the spot. Some are improving and seem changing their life slowly but it may still be not enough, especially for the majority.

[Abdulzuruku01]

How can a nation without stability would become a  developed country? for instance a country that is govern by irresponsible and corrupt leaders, a nation where there is high taxes, a nation where there's insecurity, limited access to health care delivery systems, and high inflation, and All the above highlighted point are part of the major  issue that capable of retrograde and  making the country unstable. Also as a result of that, the citizens of that particular nation can not think of any idea that will progress the country, because all what they will be looking for, is survival. And it will scare away many investors to invest in that nation.

[Byebyebtc]

Stability in what way
Is it not resources that brings stability? When a country is corrupt there is no way their resources will speak for the citizens. I think your point should be in corruption instead of stability (based on your example), there is no way a country with proper governance and good resource will be unstable, corruption is the causes of the so called instability

[TheUltraElite]

Simply having a huge supply of a resource will not matter, you have to have a system that can utilize that resource, store it, export it and make money from it which you again invest in expanding your current infrastructure. In this context, human resource, administration, politics, all come into play.

It is the reason why some oil rich countries have not be able to monopolize on their oil but are selling out to other countries. It is a failure on part of their governments and not the people.

Still stability does not come with the country. Bad things happen but governments need to be strict and build on that to invoke the stability.

[DrBeer]

Stability allows us not only to dream about the future, but also to build it and be confident that it will become a reality!
Plus, priorities and opportunities are changing drastically. For example, a terrorist war is currently being waged against my country by a neighboring nation, and instead of developing the economy, science, and education, and giving children a bright future, we are forced to devote all our efforts to defending our homes, families, and state, and to destroying the enemy’s terrorist army.
 

[Kelward]

You mentioned stability as the most valuable resource on your subject while in the content of your topic you were emphasizing on productivity, both are not the same by my understanding although they are both important to move an economy forward into prosperity. A productive economy will experience fast growth if there is stability in terms of production and distribution system both work hand in hand for success but their functions are quite different.

If a country have abundant resources but lacks the technology and manpower to produce finished products they will be in poverty because those countries that comes to extract the resources will underpay the country and give little bribe to officials that have the capacity to speak out. If an economy is not stable there won't be conducive environment for businesses to prosper despite their resources and production capacities.

[Smack That Ace]

Gone are the days when countries with natural resources have more to gain economically. Recently, countries that focus on production and manufacturing have taken the global economy by storm. The countries with natural resources sell their resource at an affordable price, while the manufacturers produce goods and services that will be sold at a higher cost to the countries with natural resources. This proves the idea that productivity at its very best is the real gold. Countries that have the resources and manufcature good will be more successful than others.

I would argue that there has never been a period in which resource rich countries truly enjoyed the economic advantage and prosperity that their natural wealth should have afforded them. The reason is that imperial and colonial power have continuously exploited and plundered their resource, turning resource wealth into a curse rather than an asset

Although they claim that imperialism and colonialism no longer exist, and the world we live in today is a world of peace and equality. But in reality, it never went away. It simply change form, more subtle and harder to see

The world we live in is an unequal one, where the strong devour the weak. Countries with military and technological power, willing to invade and plunder the resources of other nations are often more stable and wealthier.

[YOSHIE]

Why stability is the most valuable resource!

The government or a country cannot do many things, if the economy in one of the countries or the government is not running well, that is the importance of economic stability in that country.

The economy will grow sustainably, if inflation is under control, the exchange rate is stable as well as the unemployment rate is relatively low, by placing resource stability as the spearhead of the country's economy, we can regulate and understand economic strategic steps towards various Fiscal and Monetary policies globally and become a trusted source of stability to maintain economic stability, that is the importance of stability.

[henmark]

I would argue that there has never been a period in which resource rich countries truly enjoyed the economic advantage and prosperity that their natural wealth should have afforded them. The reason is that imperial and colonial power have continuously exploited and plundered their resource, turning resource wealth into a curse rather than an asset

Although they claim that imperialism and colonialism no longer exist, and the world we live in today is a world of peace and equality. But in reality, it never went away. It simply change form, more subtle and harder to see

The world we live in is an unequal one, where the strong devour the weak. Countries with military and technological power, willing to invade and plunder the resources of other nations are often more stable and wealthier.

Basically it is "still" the same, just less brutality. Back in the day when companies like east trading company went to India and China, they would rape, pillage, plunder, and destroy entire towns and cities, build their own, and then made people their slaves and made them work hard to harvest whatever they want and then ship it back. Eventually every nation rose against the English of course.

However, we need to now see that not the same is going on in brutality but the companies are same. Like instead of ships of tea, now we have Chevron getting to a nation, bribing that nations head, threaten with politically funding the opponent if what they want don't happen, then they get the oil lands for a cent on the dollar and ship it back so they can sell it.

[Rain1620]

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.

When a country is already facing instability maybe because of shifts in policies and inflation and other reasons, businesses fail to plan for the future as plans may fail so the aim is mostly dependent on the basic or short-term survival. Wealth is mostly built on solid long term investments beginning from research to development. The stability of a country motivates investors to patiently put in their capital for a longer period of time than the short-term survival.

Just like you mentioned with migration, human capital is much more mobile. The wise entrepreneurs, workers and investors will always chose a safe place where their capitals will be secured and not just disappear. Stability of a country is not dependent on the natural resources they have but the way it’s been utilized. If certain policies resulting in instability drives away the smart minds, the economy of the country will definitely go bad.

When the country is stable, it is more easier to venture into business. Where transaction cost tends to be low, loan interest being fair as risk of default will be low. Insurance too becomes more affordable. In a country where instability is normalized, high risk is been added to all transactions, which seem like a tax to individual resulting in a bad economy furthermore diminishing the growth of the country.

[Smack That Ace]

I would argue that there has never been a period in which resource rich countries truly enjoyed the economic advantage and prosperity that their natural wealth should have afforded them. The reason is that imperial and colonial power have continuously exploited and plundered their resource, turning resource wealth into a curse rather than an asset

Although they claim that imperialism and colonialism no longer exist, and the world we live in today is a world of peace and equality. But in reality, it never went away. It simply change form, more subtle and harder to see

The world we live in is an unequal one, where the strong devour the weak. Countries with military and technological power, willing to invade and plunder the resources of other nations are often more stable and wealthier.

Basically it is "still" the same, just less brutality. Back in the day when companies like east trading company went to India and China, they would rape, pillage, plunder, and destroy entire towns and cities, build their own, and then made people their slaves and made them work hard to harvest whatever they want and then ship it back. Eventually every nation rose against the English of course.

However, we need to now see that not the same is going on in brutality but the companies are same. Like instead of ships of tea, now we have Chevron getting to a nation, bribing that nations head, threaten with politically funding the opponent if what they want don't happen, then they get the oil lands for a cent on the dollar and ship it back so they can sell it.

As I also said, they simply changed form, more subtle and harder to see. But I agree with you on one thing: imperialism and colonialism today are less brutal than before. Instead of openly and brazenly robbing, murdering, raping, and destroying everything in their path. Now, most of them replace that with sanctions, economic strangulation, and proxy wars.

Imperialism and colonialism will only truly disappear if a multipolar world is formed, IMO.

[Pablo-wood]

Yeah a country does not progress only by having resources, a good example of this is our Bangladesh. Our country does not have much oil or large natural resources, yet for many years the economy has been based on garments, remittances and small businesses, because people worked, did business and there was stability, they were able to grow.

I agree with you to me i see natural resources are mere advantage to a country's development. When there is good leadership and a proper checkmate of an administrations effort towards the development of its country growth will be pronounced and visible. A country can still have a stable economy even without natural resources Singapore is one good example, A country where they are forced to import freshwater. All they rely on is international trade, financial services, and high-value manufacturing.

But when economic uncertainty increases that's when people start to fear about the future. Many people want to save money instead of investing it or think about going abroad. So yes it is true that a stable environment is much more important than natural resources.

Economic uncertainty is  only a concern when there is a decline in economic growth. Most people save not because they don't want to invest. Sometimes inflation and poor economic growth forces people to just save because even if they attempt to invest problems will rise that will force them to sell and in most case it might be with losses due to urgency of the problem. Stable economy indeed is what every economy needs.

[dezoel]

If we can handle this as much as we possibly could, then it is not going to really matter that much if we have stability.

Because look at bitcoin and you will see that it is not really doing that much of a stability and we should be considering how this is not really a big deal for us, we are not stable and we are not doing that great and yet we are still doing as fine as possible and not really caring about it.

I think it's quite important to see that in cases of what we are dealing with, we should not be really considering how this is important because as long as you have the trust then we should not be considering the stability.

[Mhizlove]

In addition I will say that stability do attract opportunities silently, all these skills workers, local businesses and even investors naturally, they do prefer a place where it's be guided by rules, policies that don't change anyhow and currency. You see a country can have alot of resources but if the people don't have trust for the system, the resources will not fully turn into progress. And sometimes peace of mind and consistency can be more valuable than nature resources alone.

[Yeesha]

In addition I will say that stability do attract opportunities silently, all these skills workers, local businesses and even investors naturally, they do prefer a place where it's be guided by rules, policies that don't change anyhow and currency. You see a country can have alot of resources but if the people don't have trust for the system, the resources will not fully turn into progress. And sometimes peace of mind and consistency can be more valuable than nature resources alone.

The problem is that the system is not guided by the right people, the system is full of deceitful individuals, they are corrupted and the only thing that they think about is themselves, they only focus on their stability, interests, growth, development and progress. But you are extremely right by saying that "sometimes peace of mind and consistency can be more valuable than natural resources". But since it Is natural resources that we are actually talking about I will agree less with you. How are we going to have peace of mind, if the things that will make our lives meaningful and colourful are not put into order. The growth and development of our country depends on how reasonable the leaders are to utilize the natural resources that we have, I think that can reduce the increase in the rate of inflation. Because a lot of individuals will work there, and number of unemployed youth will be little.