Post
Topic
Board Economics
Re: What is the cause of economy rise and fall.
by
abhiseshakana
on 20/06/2020, 04:57:26 UTC
I must agree. The people and the government should work hand in hand so that the economy of such country will prosper. Big factor of which is also the leadership of the officials in the government. If they are capable with their different posistions, they will be able to produce more projects for the economy which will be totally benefited also by the citizens living in it. More projects means more benefits for the people.

I think at this time the international political and economic constellation is more determining the ups and downs of a country's economy. Because the world economic barometer is still the US due to the dominance of the dollar over world trade traffic. The movement of the economic hegemon and also the policies of countries with high trade flows such as China are increasingly narrowing the strategic choices that can be taken by developing countries and poor countries which incidentally have a high dependence on these countries.

Managing the country in the global arena is very complex and requires high analytical skills from officials in managing conflicts and managing natural resources and human resources in order to reduce dependence on other countries and can even make other countries depend on our country.

China is a smart country, although sometimes manipulative. During this time they are countries that have high energy dependency to finance their manufacturing, but with lobbying and its OBOR strategy in Southeast Asian countries, China is heading for an energy self-sufficient country by becoming the world's battery manufacturing center, and even many countries in Southeast Asia that control raw material for the battery industry it failed to capture the moment of even loss of profit and only became a place of exploitation because China has already created a system that ensures China hegemony the battery manufacturing up to its raw material hegemony.