Liabilities

There is few weaknesses in some developing countries. The wrong economic strategies. The government that promote bank's product- debt. Healthy debt could help in economic growth but whats mean by healthy debt? It must be prime debt but not sub prime. But poor government is promoting sub prime loan to the poor or medium income, which is out of their capability. Why the government promote it? It is because they are trying to promote another liability for the nation- Car(such as Proton). Most counties which having too many cars will cause trafic jam, which will lead to the developement of another liability- Road/ Highway(which need highly cost maintenance). Trafic jam will be inefficient for an economic growth. Most developed countries doesn't have much cars, but the government is promoting public transport instead, this will make the economy more efficient in long run. This also will help in developing real estate industry when the people can easily own a property without being stress by car loan. Developed counties usually less in cars but their real estate industry is growing perfectly. This practice will lead to long term economic growth. When not much car on the road, it will reduce cost of maintenance, indirectly reduce chances for corruptions. We don't have to waste our people in doing inefficient job. Why not government invest in education? with educated population, government don't have to worry about infrastructure developement, the people will has ability to earn more money and pay more tax so that the government will has more to develop no matter in infrastructure or education. Invest in education and the country will has more assets- Human capital. This will generate economy for the country and raise the standard of living. If the government couldn't see this through and not willing to change, the country will keep on falling and it will lead to serious inflation, it will be a gab between educated and rich; poor and not educated. Poor and not educated people will be number one liability for the nation. The government must stop playing game, risk is taking by the people, by the next generation. Seem like these administration are not well educated too, that cause the result as today.