Economic Growth and business development
Your country’s leader is worried that their country lacks the economic and business development necessary to maintain its current growth rate, which is expected to keep increasing. Your leader is looking for ways in which your country can continue to develop economically.
The Republic of Mandalia is a developing nation as of now. Our literacy rate is at 77% for our country which is not high, and not low. Another thing is the GDP per capita is $12,575 which is very low compared to a lot of other countries around the world. The unemployment rate at 14% is very high for the country also with a poverty line of 18% is extremely high too.
THINGS NEED TO CHANGE:
Our country needs to utilize the resource of our oil reserves. We have been very dependent on these oil reserves for decades now. We would use this resource by using it to sell to other nations and to trade with other nations too. The oil company would thrive in our country because we have an abundance amount of oil in our country. By using this resource we are prospering our nation all together. WE are attacking the problem we have with unemployment in our nation, and also the problem with people in poverty. Using these oil reserves would ensure more jobs for the Republic of Mandalia and also help stimulate the economy during a rought time.
A business that would thrive in our country is a business for the selling and trading of oil. If we had someone help out the government by controlling this it would help the country tremendously because the government has more time worrying about other things in the republic.
Our country needs to utilize the resource of our oil reserves. We have been very dependent on these oil reserves for decades now. We would use this resource by using it to sell to other nations and to trade with other nations too. The oil company would thrive in our country because we have an abundance amount of oil in our country. By using this resource we are prospering our nation all together. WE are attacking the problem we have with unemployment in our nation, and also the problem with people in poverty. Using these oil reserves would ensure more jobs for the Republic of Mandalia and also help stimulate the economy during a rought time.
A business that would thrive in our country is a business for the selling and trading of oil. If we had someone help out the government by controlling this it would help the country tremendously because the government has more time worrying about other things in the republic.
Scientific Technology
Our country should invest in new farming techniques, that do not need as much water as they do now. Since our country has a very scarce amount of water this will help out with the scarcity of water withing the nation. Only 9% of the land is sutable for farming which is extremely low, and we need to make the best of that low amount. It would extremely help stimulate the economy because it would create more jobs, allow spending to be put elsewhere. The amount we trade for food would be less because we can now produce more food on our own. This saves the Republic of Mandalia a lot of money which could be placed in other struggling parts of the country. Our economy is not the best at the moment and this spending would pay off in the long run.
Our country should invest in new farming techniques, that do not need as much water as they do now. Since our country has a very scarce amount of water this will help out with the scarcity of water withing the nation. Only 9% of the land is sutable for farming which is extremely low, and we need to make the best of that low amount. It would extremely help stimulate the economy because it would create more jobs, allow spending to be put elsewhere. The amount we trade for food would be less because we can now produce more food on our own. This saves the Republic of Mandalia a lot of money which could be placed in other struggling parts of the country. Our economy is not the best at the moment and this spending would pay off in the long run.
Investing in Human Capital
Having our country invest in human capital would help tremendously with furthering developing our nation. First, we could spend more money in education, which would make the generations in the future more and more intelligent. Creating a bigger section in the budget for education, could create more schools, better supplies and high quality teachers. The building of new schools would also create more jobs in the construction business. Another thing to invest in is to create social welfare programs for citizens in Mandalia. We woulds start off with Medicare- Medicaid for people who are struggling to pay for their medical expenses. This would allow more money in peoples' pockets which pushes them to spend money. Lastly, spending money in a program that creates more jobs is much needed for the Republic of Mandalia. We have a 14% unemployment rate which is extremely high and if we create this program it would help create more jobs. Attacking the unemployment issue with our country would help stimulate the economy tremedously.
Having our country invest in human capital would help tremendously with furthering developing our nation. First, we could spend more money in education, which would make the generations in the future more and more intelligent. Creating a bigger section in the budget for education, could create more schools, better supplies and high quality teachers. The building of new schools would also create more jobs in the construction business. Another thing to invest in is to create social welfare programs for citizens in Mandalia. We woulds start off with Medicare- Medicaid for people who are struggling to pay for their medical expenses. This would allow more money in peoples' pockets which pushes them to spend money. Lastly, spending money in a program that creates more jobs is much needed for the Republic of Mandalia. We have a 14% unemployment rate which is extremely high and if we create this program it would help create more jobs. Attacking the unemployment issue with our country would help stimulate the economy tremedously.