Post
Topic
Board Economics
Re: What brings economy of a country down.
by
sayulita
on 21/06/2020, 15:31:32 UTC
Its really hard to build 100% devirsificated economy especially for 3rd world countries. They usually dont have anyother other than tourism and/or raw resources
The resources are what a country need the most to flourish and the African countries are having tremendous amount of resources with them but the problem is that they are exporting those resources to other countries and buying the goods that are made from that same resource for a marked up price. What they should do is refine those resources and make those goods in their own country, that will increase the employment rate in their country by creating new jobs and will surely boost up the economy. Tourism is only an option for the popular African countries and not for every African country as most people fear going to African countries due to higher crime indexes.