Post
Topic
Board Economics
Re: INFLATION IN THE UNDERDEVELOPED COUNTRIES
by
tbterryboy
on 10/12/2019, 10:56:05 UTC
The world economy keeps crashing with many incidence of inflation. What is happening at the moment is  a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good  if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?
They should be blamed for bad their economy is, especially their governments should be the ones taking most of the blame. If you check out these developing countries you will notice that their government is very corrupt. Most of them don't do things that would favor the country in general, because they are bent on pursuing their own personal gain rather doing things that would help the country grow.

Lots of them steal money from those countries and push them abroad to developed countries, why won't their countries fail? The worst part is that the foolishness of their leaders never end,they still continue their greedy, corrupt practices and the way I see it these countries may never be developed (of course, that's if they never change).