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"For God's Sake, Please Stop the Aid!" - Kenyan Economics Expert (pg. 3)
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| karim |
| quote: | Originally posted by Jayx1
Leftist bull. You know why China is about to become the world's biggest economy? 30 years of what you just described.
Sure its tough at first but look at China. Before that was thailand and taiwan and before that japan. No one can say these places didnt benefit from foreign use of cheap labour and resources. |
Yes, it's happened in the past, but as time goes by, it's becoming exponentially difficult.
Not saying Africa can never become a player in the world economy, but you'd better believe that if and when they build, chances are they'll be using foreign bulldozers and cranes. Hell, they'd prolly import the bricks.
They've gotta find a forte. India's gaining ground in data processing. China owns the world in cheap labour. What could Africa bring to the table?
:)
Karim |
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| mindspin |
| don't listen to karim, he knows nothing of politics :stongue: |
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| Jayx1 |
| quote: | Originally posted by Vivid Boy
yeah the book
when i read ur post a thought went thru my head how we could totally be lied too and we'd never know cause most of us never venture out of this country to these third world countries to see how its really like. most of us tho. theres still ppl with fam :P |
actually a lot of things are exageratted. The way the media and tv portray south america youd think everyone is barefoot and poor. While there is more poverty there than here there is still a huge middle class and many many people who are rich beyond belief (who arent crooks). In fact i got harrassed by homeless for money far less in south america than what happens daily in toronto. |
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| Jayx1 |
| quote: | Originally posted by karim
In what sense? If they do get a significant increase in GDP, these creditors would come knocking on thier doors. Yes debt relief isn't enough, they need worldwide supervision to help rebuild their infastructures with whatever money they can potentially earn given the right resources.
:)
Karim |
In what sense? well forgiving debt is the same as sending them money. Buy erasing debt they are suddenly free to steal even more money. Sending money or helping corrupt governments is not the way to go. Foreign investment and private capital is the way to go. Look at what it has done for southeast asia in the last 30 years. Southeast asia didnt just hold their hand out, they worked like hell to get where they are now. |
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| mindspin |
| jayx1, you hit that right on the spot....foriegn investment is definately the way to go.....and until foreign investment significantly increases....the african economy will stay the same. |
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| Jayx1 |
| quote: | Originally posted by karim
Yes, it's happened in the past, but as time goes by, it's becoming exponentially difficult.
Not saying Africa can never become a player in the world economy, but you'd better believe that if and when they build, chances are they'll be using foreign bulldozers and cranes. Hell, they'd prolly import the bricks.
They've gotta find a forte. India's gaining ground in data processing. China owns the world in cheap labour. What could Africa bring to the table?
:)
Karim |
Africa can take over the cheap labour dept when china revalues the yuan which will probably happen in the next year or two. Why is china revaluing the yuan? Partly due to pressure from the US but mainly because growth is so explosive there now that it's actuall happening TOO FAST. People are becoming too rich too fast and inflation could become a major problem!!!
This could be africa's "problem" in 30 years if we stop treating that continant like a little child. |
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| karim |
| quote: | Originally posted by Jayx1
In what sense? well forgiving debt is the same as sending them money. Buy erasing debt they are suddenly free to steal even more money. Sending money or helping corrupt governments is not the way to go. Foreign investment and private capital is the way to go. Look at what it has done for southeast asia in the last 30 years. Southeast asia didnt just hold their hand out, they worked like hell to get where they are now. |
The problem with foreign investment is that it only happens if the investors stand to gain something out of it. Who's going to build the roads? the schools, etc?
IF you give the nation debt relief, and STOP giving them aide, where will they steal the money from? That's when foreign investors can increase the GDP, that's when a tax system can be put into place, and if there is to be a credible government in any given nation, that's where they take this tax revenue and feed it into public services, rather than paying off debt.
:)
Karim |
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| karim |
| quote: | Originally posted by Jayx1
Africa can take over the cheap labour dept when china revalues the yuan which will probably happen in the next year or two. Why is china revaluing the yuan? Partly due to pressure from the US but mainly because growth is so explosive there now that it's actuall happening TOO FAST. People are becoming too rich too fast and inflation could become a major problem!!!
This could be africa's "problem" in 30 years if we stop treating that continant like a little child. |
True. And it's got a prime location for export and PLENTY of coastline for sea ports.
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Karim |
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| VERTiG0 |
| LESSON LEARNED: NEVER HELP ANYBODY. EVER. |
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| karim |
| quote: | Originally posted by VERTiG0
LESSON LEARNED: NEVER HELP ANYBODY. EVER. |
Give the hungry a fish and they eat for a day. Teach the hungry to fish and they eat for a lifetime.
:)
Karim |
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| Durafei |
Want to help Africa ?? Travel there !
By spending money in local shops, in local restaurants, in local hotels you are giving money directly to the locals, and encouraging work !
You are also getting something in return - you are exploring the world, and seeing things you only normally see in movies. Travel to Africa ! |
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| awishabear |
woot to durafei... totally agree there. and with karim's message... bout the fishing bit...
i'm really tired now, and reading so much politics has my brain going mushy... yayfordiscussion! |
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