Economy Of A Country: The Secret To Become The Next Supermodel

Is your country’s economy stabilized? Is the format on which you are making progress an example to others? Or are you one of those countries who have ample resources like Iraq that owns its own oil companies but still struggling to be in the mainstream?

If yes, then you are not the only one. There are a lot of countries struggling with their failed infrastructure, poor educational standards, high levels of private debts, inefficient agriculture and so on. In fact, these are the countries referred to as third world countries.

Germany is the industrial powerhouse of Europe and the world’s second largest exporter. It is the only nation who saved EURO. China has the world’s second industry, after USA, of travel and tourism. This sector contributes about 2.9% of China’s Gross Domestic Product that is the GDP. Moreover, its agriculture, architecture and trade all are aligned to increase the country’s economy. Japan is the major economic power of the world as the Japanese government has increased the worker productivity by increasing capital per worker, advance in technology, a highly educated and skilled labor force and a good trade environment.

Why is USA, Japan, China, UAE, Germany and other successful countries so stabilized in their economy? What is the reason behind their success? How is their economy so powerful?

The main reasons include lowest level of national debts, low and stable inflation, healthy banking system, a balanced budget and hence a dynamic economy. The third world countries should try to follow the same steps as these powerful nations if they want to achieve the same success for themselves, too.

But it’s not an easy task. It requires decades for a nation to become prosperous. It is just the matter of fact. I am a strong believer that constant effort can make any nation wealthy and flourishing.

There are a large number of countries fighting for their economy but genuinely, I have a soft corner for Iraq. After the American invasion, all of its economy has been devastated. People are left alone with their poverty, unemployment and lack of basic necessities.

Iraq has the fifth largest oil reserve in the world. Arab gulf has 65% of oil, out of which 12% belongs to Iraq. Apart from petroleum, Iraq has natural gas, phosphates and sulphur . Moreover, the country is rich in varied landscape consisting of deserts, mountains and fertile regions. Quite impressive! Then why is it so left behind in terms of economy?

When Bush invaded Iraq, he promised the Iraqis that they would have a better future with excellent infrastructure, improved water availability, reliable electricity supplies, more jobs and major medical facilities but all these promises remained promises that never fulfilled and the Iraqis were left in despair.

Iraq should depend on its oil reserves, on its oil companies because these are the roots which can bring the tree of Iraq’s economy to the top. Now Iraq should accept the challenge and avail this precious gift of nature.

Harlow International is a leading Iraq oil company who are providing region’s first choice in petrochemical investment and development. Their adherence to British and international standards allow them to provide excellent services which they believe are hard to match anywhere in Iraq. Dear Iraq, it’s easy to accept the challenge now and get ready to excel in your economy. Just remain steady towards your goal. Nothing is impossible in this world.