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Best Strategy for Economic Development
The aim of this strategy is for poor countries to weigh their development projects and figure out how significant the project basis to improve economy growth and how urgent is it needed all these should be in mind before carrying on any project, some projects might be good but not important at the moment due to the financial situation of the country. My suggestion is all poor countries should focus on development vital to promote economy growth and cope with some other situations as much as possible, for instance, a nation needs to improve its roads quality or add 10 new roads that can boost the economy and likewise needs 15 government buildings for offices. The roads project should be given priority than the buildings the government can rent houses or apartments for its offices for a while then carry on the road project with a fix date to start and a fix date to end; good roads in poor countries will definitely reduce poverty and increases per capital income.
Saving Money Tips – Ideas That Pay OffAnyone on a budget can benefit using money saving tips. With the uncertain political and economic climate, it pays to turn over a few stones.
Some Good News About the EconomyThere has been a trend for many governments around the world to augment national budgetary resources by incurring debt. This debt is raised through deficit budgets supplemented by quantitative easing, bond sales etc. This had led gradually to an accumulation of vast national debts. Some persons worry that this is borrowing from the future and that this practice will eventually compromise the future of their grandchildren and future generations. However they need not worry. There is good emerging good news on this front.
All That Glitters Is Gold – Physical Assets and InflationOnce upon a time the amount of currency any particular nation could produce was directly tied to its reserves of gold and other precious metals. This restricted any further production of paper money until there was an equal rise in stocks of precious metals. What this did was preserve the inherent value of money, as at any point it could be exchanged for an equal amount of gold. A unit of currency was not simply an arbitrary figure; it represented the quantity of gold that could be bought for that price.
Why Inflation Is Eroding Your SavingsThe basic principle behind inflation is that as the money supply increases, so too does the relative price of goods and services. A common sentiment for children to hold is “why can’t we all be millionaires, then there would be no poor people”, or something to that effect. The answer is inflation. In theory we could all be millionaires, but this would drive up the price of consumer goods to reflect the increase in money supply, essentially balancing out society’s new found wealth.
