- Jinsub Kim
- Inchon
- South Korea
This conversation is closed. Start a new conversation
or join one »
How can developing countries upgrade social capital??
Developing countries experience rapid economic growth. However, at some point, that growth tend to slow. They face a difficulty in dealing with social capitals such as rule of law, corruption, etc. They prevent those countries from further economic growth. So, please give me better ideas ??
Topics:
collaborative government













Debra Smith 200+
Efrain Torres
1- Identify a need and investigate if the people can pay and are willing to pay for that product or service. Start with low
initial capital project until your people feel comfident on the business model you are going to establish.
2- Unite the minimum quanity of people with the necessry skills and similar interests to run the bussiness model. As
Rhona say, does not exclude any person on your working team. Adapt the working activity to the workers
(Thank you Rhona).
3- Identify the resources, capital and potential customers required for the product or service your group will provide.
4- Divide the obtained earnings into the working team. The most successfull model usually is pay by work performed.
5- Don't have unhappy people working on the group. The work should be voluntary. An unhappy worker can spoil the
whole working structure.
6-Be Just with each worker remuneration and explain to them your desitions.
7-Try to find people who will be willing to invest in your project. Better if you can retrieve them with the service or
product you are going to provide.
8-The work does not finish until the money is in the pocket. Unpaid services can errode the system.
Businees are risky, expensive and tedious. You have to dilute those factors into your skakeholders so they have the need to be commited as you on the success of your business model. If people are not able to share any of these factors, they are not really commited to the business.
Rhona Pavis 50+
Robert Winner 50+
All the best. Bob.
Kevin Jacobson
Jinsub Kim
I agree with your opinion saying 'no immediate cure. '
It is not an easy task. Distrust in a society make many players pay more money and spend more time.
For example, in the case of rule of law, if The percentage of people who think 'following the rules and laws is not beneficial for them' increase more and more, people in the society spend more money and time to protect their rights. As a result, the whole society spend more texes and make their rules and laws so tight and complicated.
It also make global companies be reluctant to invest...
R H 20+
R H 20+