You've just summarized the problem of almost every struggling countries in a few lines including my own country. At this point, I don't have hope for restoration again, because i strongly believe that we are affected by both internal and external factors, targeting those in government specifically. We where actually slammed with a 15% tarrif, but I wasn't even bothered because even a 1% tarrif wouldn't have made a significant impact due to the level of corruption.
That can’t be denied, but as a citizen living in a corrupt country, I still hope it’s possible to turn things around. it’s hard, yes, but if we had the right leader with the courage and will to really change the system for the better, I believe it could happen.
A good example is Singapore, this country is used to be a corrupt too, but now it’s one of the most progressive nations in the world. we hope to reach that level someday. maybe if we had stronger anti-corruption measures, even something as harsh as the death penalty for big-time corruption, things would change. But since we’re a Catholic country, the church doesn’t support that kind of punishment.