This question has stunned me for a long time why are some humans more productive then others? What I mean by productive they produce much more in their economy then say another country. I mean look at this, Turkey is a 1 trillion dollar economy yet it's a population of 85 million while Australia is 25 million and it's GDP is 1.7 trillion. How is it? Australia have a population size 3 times lesser then turkey yet 50% larger economy. I've heard factors like;
1.Rule of law,
2.Security,
3.Good Governance
4.Responsible Management and allocation of state budget to hard and soft infrastructure using return on investment decision making
5.A skilled and healthy population,
6.A competitive advantage
7.Shifting All Manual Methods to Industrial(Machinary) to Automation(online, AI, etc)
8. A functioning Central Bank linked to Commercial Banks servicing the financial needs of customers and investors to increase development
9. Setting UP a stock exchange that is open to all civilians to buy shares of public companies and spreading out risk and reward while allowing companies to expand market share.
10. A shared economic policy that is fixed and not dependent on the govt of the day, guided by only it's mass employment potential, revenue potentials, skill level required, taxation potential, and workforce income potential linked to time(measured daily, monthly, quarterly, yearly).
Those are usually the templates I heard over my researches but gee something is really wrong when you got 85 million ppl and your poorer then a 25 million nation. It really does boil down to quality of your people not necessarily the quantity, till today we Somalis assume it's all about landheere and quantity which is highly false and absolute absurd thinking style and their obsession over fertility numbers.
You think a langaab who has 50 soldiers but has high quality soldiers and kills 100 men of the other side per soldier is the same as someone who has 1000 boys but it takes 20 of them to even reach one kill ratio.
It's all about pound for pound not quantity vs quantity anymore in the world
1.Rule of law,
2.Security,
3.Good Governance
4.Responsible Management and allocation of state budget to hard and soft infrastructure using return on investment decision making
5.A skilled and healthy population,
6.A competitive advantage
7.Shifting All Manual Methods to Industrial(Machinary) to Automation(online, AI, etc)
8. A functioning Central Bank linked to Commercial Banks servicing the financial needs of customers and investors to increase development
9. Setting UP a stock exchange that is open to all civilians to buy shares of public companies and spreading out risk and reward while allowing companies to expand market share.
10. A shared economic policy that is fixed and not dependent on the govt of the day, guided by only it's mass employment potential, revenue potentials, skill level required, taxation potential, and workforce income potential linked to time(measured daily, monthly, quarterly, yearly).
Those are usually the templates I heard over my researches but gee something is really wrong when you got 85 million ppl and your poorer then a 25 million nation. It really does boil down to quality of your people not necessarily the quantity, till today we Somalis assume it's all about landheere and quantity which is highly false and absolute absurd thinking style and their obsession over fertility numbers.
You think a langaab who has 50 soldiers but has high quality soldiers and kills 100 men of the other side per soldier is the same as someone who has 1000 boys but it takes 20 of them to even reach one kill ratio.
It's all about pound for pound not quantity vs quantity anymore in the world
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