Post
Topic
Board Economics
Re: Adapting to the world's changing Economy
by
Kelward
on 07/10/2024, 17:31:35 UTC
Countries that resist change risk falling behind while those that embrace new technologies like AI often move ahead. For developing countries, like Africa, this is really important. By investing in technology, education, and infrastructure, they have a chance to catch up to the traditional powers. Progress comes from being open to change. Those who adapt will succeed in today’s fast-moving world.
This is why a continent like Africa, is still lacking behind in terms of technological advancements because they have leaders that are not proactive. Square pegs in round holes is what we have, they're just there to live like kings and neglect development in technological advancements. Most leaders in Africa, are contented to import foreign technology by focusing on finished products from developed countries. Most underdeveloped countries are where they are because developed countries will come and milk their natural resources and sale it back to them as finished products. They'll continue in the rat race until proactive leaders emerges but I doubt that there'll be free and fair elections for that to happen.

A country like China, was able to become a world power and an industrialized economy because their leaders didn't just sit in their comfort zone. Backward countries are the way they are technologically because they have leaders that don't think progressively.