Post
Topic
Board Economics
Re: Idleness the greatest problem to economic prosperity
by
Agbamoni
on 24/01/2025, 17:07:11 UTC
But one thing I would like you to recognize the fact that, there is literally no country on the surface of the earth that is not productive, but the major question is, what are you producing and what is the quality?,
Because if you produce goods that are highly available in neighboring countries, there possibility that you might not be exporting that product because others have it within their domain in abundance, because most times export is what brings the foreign currency into your country to help boost your local production, so the goods and the quality of goods you produce is essential on the international market, so hence you want to go into production you should check and do your market survey on where you have comparative advantage.
An interesting question you asked there. Its not just about being productive enough because one can be busy while busy doing the wrong things. Every country has what they are being known for in the global market. That is their quality and that is what they should mostly focus on while diversifying into other things. The moment they start trying doing something else then they are deviating from what give them that quality.

Let me tell you something, i come to the realization that there is a level to which a countries resources can be of importance and valued in the global market. Like for countries that produces gold in large qualities they are mostly easy to go into building recreation places for tourist to come which obviously gives them much value. For most African countries that are limited to rubber, cocoa with little of crude oil they are less valued in the market because most of there resources can be produced in the farm with tampered soil to in any country. There what we call rare resources and those resources can be exchanged for weaponized shipments.