Post
Topic
Board Economics
Re: Adapting to the world's changing Economy
by
beerlover
on 09/10/2024, 19:04:33 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.
To be fair this is what some "developed" European countries have too, they do not care about their people and only care about getting votes and having power, but because they were rich, they do not crumble that easily. But they are getting worse, like for example this immigrant issue is one that many people are getting in trouble with, in Europe people had great life, now elected officials are letting tens of thousands of immigrants in everyday, which is causing some trouble for political part of those nations, extreme right wing is increasing once again because of this, and we should be afraid of extreme right wingers. I am not saying they have no reason, but we can totally assume why this would happen as well.

We need to realize every nation has its own kind of problems, some have economical, some have political, some have different other issues. Europe does have some economical but not as much as Africans obviously, but they have different troubles.