How can our nation be economically developed so our nationals wouldn't need to go to other countries to earn?

Question

Our country is a third-world country? How can we be able to develop our economic status and earn enough money for our families to cope tor our needs? Our basic pay isn't enough to buy for our necessities.

Answer 1

Work on your capitalism and entrepenurialism..

Answer 2

If you want your country to develop then trade and investment must be stimulated in the economy. What youll have to do then is encourage spending from foreign investors and perhaps even the rich part of the private sector. Once they invest the money, then certainly more employment would be needed. This will all eventually lead to an increase in employment and even standard of living. However, there are two things. One, This does not happen overnight. It wil take some time. Second, This has to be done right. The country has to be stable especially the government or else investment would be tough to get.

Answer 3

Because 2% of the country controls 90% of the wealth. That leaves 10% for 98% of country to live on. Can you say oligaharchy? It's to late to change things. Our government is just taxing the wrong people.

If you make $75,000.00 a year and you think you got a tax cut. Think again your taxes went up the year after you got check for $600.00, if you were lucky. If earn $32,000 per year were lucky if you got $300.00. Big whoop. Then your taxes went up because they eliminated 1/2 the deductions you used to have. Ask your accountant.

If you earn $350,000.00 you got a $45,000.00 a year tax cut.

The conclusions are stark. The effective federal tax rate of the top 1 percent of taxpayers has fallen from 33.4 percent to 26.7 percent, a 20 percent drop. In contrast, the middle 20 percent of taxpayers -- whose incomes averaged $51,500 in 2001 -- saw their tax rates drop 9.3 percent. The poorest taxpayers saw their taxes fall 16 percent.

Middle class people wake up..............Don't vote for the same old people or you'll get the same as you got now, less than you had before you did.

Read the link below........

Answer 4

Workers need capital investment to be productive, so the fastest way out of poverty is to attract foreign investment. To do this you need laws that protect property rights and promote economic activity, but the most important thing is to get rid of corruption. Most impoverish nations have a governments that are controlled by and run for the benefit of the few rich people, so there are trade and regulatory barriers to protect them from competition from foreign firms. Few firms are willing to invest under these conditions unless there is some natural resource to exploit.