Lack of Trace to Reoccurring Mistakes

[savetheFORUM]

The reason for the poverty of a country is not the lack of a financial plan, but the lack of implementation of that plan. The main reason for the plans not being implemented is corruption. Poor countries also make economic plans every year to overcome poverty, but 50-70 percent of the budget prepared for the implementation of the plan is lost due to corruption and the remaining money is used to improve the economy of the country, which is not enough.

For example, you can look at India. They deserve a better position, but due to corruption, 5% of the people in their country still earn less than $ 3 a day and about 25% of the people earn less than $ 5 a day. They even have to fight for water, fight for education and fight for housing in some states. Despite a huge population, India is ranked 5th in the world in terms of GDP. If they could control corruption, then maybe their position would be in the top three countries. You can even look at countries like Nigeria, Iraq, Venezuela and Pakistan. They have the resources to get out of poverty and they also have the people to arrange financial plans, but they are still very much behind due to corruption.

Financial plans for a developed economy are of no value if those plans are not implemented. The main obstacle to implementing plans is corruption. That is, these countries should arrange and implement plans to combat corruption, then there will be no obstacle in planning and implementing plans to improve the country's economy, and the country will also develop.

Literally, EVERY single country could be a good country if people all agreed to it. It's not even about the president of that country; it's about the public. Sometimes, nations like China, for example, do change things and become the biggest nation by putting misery on its people, so that future generations would live better. For example, if you are someone who is just starting work today in China, you will get a ten times better life than your father and a hundred times better than what your grandfather had to face.

People literally died from hunger two generations ago, and people would jump off factories from over-exhaustion a generation ago; now they are the biggest and living a better life. Nobody says you need to face that kind of misery, but we should find a way to make this happen without being forced to. We should all get together and try to make our nation better. "What" needs to be done is simple, but nobody wants to do that because they won't get the benefit; the future will, and nobody agrees to that.

[Ever-young]

If the economy of the country is strong it help it them to encounter different issues easily like unemployment and security poverty and other social problems. It is also necessary for country to have ability to learn from their previous mistake along with having proper economic planning and to improve quality of their institutions.
China's economic transformation is based on major policy changes and also the adjustment over the period of time . Most important lesson is country should learn from their mistake and do not repeat failed policies simply because they were used in the past t. They should examine that what went wrong in past and try to make correction and adapt their economics strategies to changing condition.

It will be good if a country realizes its mistakes and make the necessary changes, but not all countries will take the bold step especially a country that doesn't even realize they have make mistakes, let alone correcting them and that is because they don't care about the welfare of their people. Which they don't pay enough attention to the development of their country. The only time they will come forward is during election and be making promises they can't fully fulfill. But, like I said it will be good if they heed this suggestion, as it will make people more happier and satisfied.

[Cheema02]

the economy of the country is strong it help it them to encounter different issues easily like unemployment and security poverty and other social problems. It is also necessary for country to have ability to learn from their previous mistake along with having proper economic planning and to improve quality of their institutions.
China's economic transformation is based on major policy changes and also the adjustment over the period of time . Most important lesson is country should learn from their mistake and do not repeat failed policies simply because they were used in the past t. They should examine that what went wrong in past and try to make correction and adapt their economics strategies to changing condition.

If a country has a strong economy, then obviously its capacity to manage basic problems like unemployment and poverty increases. So, what are your thoughts about it? I think you agree with it because, to prove it, we have a prime example of China. We saw in some decades China showing a strong position in every field of life to the world, like in technology. They beat Americans. In the end, they become superior day by day in every field; the reason behind it is their strong and wise divisions, which they take on time.

For successful economies, the main thing I observe is that they do not chase failed policies because, after the implementation of any policy, they observe whether some improvements require them to fulfill it,t and if it doesn't work, they leave it and make an alternative policy, which is the actual way for the success of that policy. What do we think about developing countries like Pakistan that can identify their fault in politics? According to mine, if leaders become sincere, then automatically they make positive decisions, which helps a lot to improve the economy. What is your opinion about the economy of Pakistan, where it stands today, and which improvements are required to improve it?

[Mayor of ogba]

Economy is the backbone of any country. If a country has a good economy the currency of that country becomes strong and have good purchasing power, employment rate will increase, poverty will reduce, citizens will leave a good life, there will be less crime, more infrastructures will be built across the country, and it will attract foreign investors which will strengthen the economy the more. So for any country that wants to build a good economy that country must be able to implement a law that sees anyone found guilty of corruption to face a death sentence or a lengthy jail terms regardless of who you are so that anyone who occupy a political office won't dare to embezzle public funds rather he or she will put the people him or her is representing first.

[Loyang]

In the present time, it is possible to improve the economy of every country. The reason why the economy of some countries is weak is corruption. If a country is involved in corruption, then surely that country will never be able to improve. The first step needs to be taken to curb corruption and when a country can curb corruption, then its economy may become very strong within 10 to 15 years. If we look at Singapore, then we will understand. Singapore does not have mineral resources, but still they have become a very developed country today. Their country has improved the education system and they have taken strict measures against corruption, so they have been able to come to this stage today.

The level of corruption in some countries is very high, for example, they share 60% of some kind of project and create projects with 40%. There is a lot of corruption in the field of education too and as a result, it gradually becomes very difficult for the country to find someone talented among them.