Thank you for reading's Money articles.

Top 5 Ways A Country Can Boost Its Economy

 article about Top 5 Ways A Country Can Boost Its Economy
2014-07-03 06:58:08

It's not been a flush past few years for most countries. The global economy has struggled to cope as people, businesses, and governments drive themselves further into debt. Amidst the mud and the mire, banks are collapsing, pubs are closing, and politicians are sweating about their budgets.

But there are plenty of ways a country can boost its economy, and it's not always as complicated as it sounds. Here are the Top 5 ways a country can boost its coffers.

Sometimes things can just fall into your lap, other times a country has to work hard to make it appealing. Either way you have to take advantage. New Zealand did. Since 2001 – the year Lord of the Rings was released – the country has seen a 50% increase in arrivals, with tours in particularly contributing millions to the economy.
Elsewhere natural landforms can be a major factor in tourists visiting. Take the Plitvice Lakes in Croatia for example. Over 20% of tourist arrivals in the country is motivated by exploring the natural areas, whilst Plitvice alone welcomes over 1.2 million visitors each year.

Regulate Online Gambling
Certainly a battle going on in the US at the moment is the legalisation of online gambling. So far four states have regulated the industry with online casinos in New Jersey alone making $61.9 million since launching in November. Which could be a healthy boost to a country's economy.

In Australia, over 80% of residents enjoy a bet, so by legalizing gaming in Australia the government could generate a staggering extra $201million per year.

Win An Olympic Bid
Speculate to accumulate is the game here. Despite underestimating the cost, the UK economy saw a £9.9 billion boost in trade and investment from hosting the games with more tourists visiting the country as well as the ‘feel-good' factor the Olympics brought encouraging people to spend.

That of course means all eyes are on your nation too, just as the World Cup is now in Brazil, it's the greatest show on earth, and billions across the globe have their eyes on the host country.

Use Natural Sources For Energy
Across the world countries have untapped natural sources usable to create energy. Whether that be the desert sun of the Sahara, or the rushing deltas of Bangladesh, there are plenty of methods to step away from coal, gas, and oil and go green.
Kenya is certainly reaping the rewards and could produce $45 billion by 2030 on top of a cleaner environment and greater food security.

Make the Unemployed Volunteer
It's been a heated debate across the world, but with chunks of welfare budgets going on unemployment benefits, governments could put them into action and make people volunteer. Not only would it mean the likes of non-profit organisations would be getting extra help but it could build peoples skills to create a more educated country and job-seekers more desirable in the world of employment.

have your say

more in Money
How much money can you make trading forex?
Top 5 Ways A Country Can Boost Its Economy

I have seen too many people asking that question - how much can I earn by trading currencies, by trading forex? And as many of you might have assumed, there is no definitive answer, but let us look into it.

Different Types of Online Casino Bonus Features
Top 5 Ways A Country Can Boost Its Economy

The online casino industry is growing rapidly, and you can find many online casinos. This increases competition among providers. Therefore, they have to find different ways to attract and retain casino players. One of the best strategies followed by gambling sites are the bonuses they offer.

How to Attract Luck in Gambling
Top 5 Ways A Country Can Boost Its Economy

Luck or Something Else? Although all players know the fact that gambling odds are pretty much pre-determined and precisely calculated for each and every online casino game, the players from all aroun...

How to get involved with property investment in the UK
Top 5 Ways A Country Can Boost Its Economy

The property market is experiencing huge growth, with a number of major UK cities making names for themselves as hotspots for buy to let investment. If you've been thinking about investing in a property, now is a great time with lots of exciting opportunities and potential.

Trading forex? Here's one of the best daytrading strategies
Top 5 Ways A Country Can Boost Its Economy

If you're just learning to trade forex and haven not figured out what strategy or strategies to use for your day trading, I have been testing a few and so far this one seems to be the trading strategy with most potential. At least for now.

Welcome to TheCheers! We've been around for a long time now, since 2004, publishing articles by people from all over the world. Roughly 300 people from 30 different countries have written for us over the years. Should you want to become a volunteer contributor, be sure to contact us!

Educational resources
Entertainment Blogs
get in touch

You can contact us via The Cheers Facebook page or The Cheers NEW Twitter account.