Eritrea's Economic Policy Is A Great Lesson For the World
Eritrea's Economic Policy Is A Great Lesson For the World To follow
Professor Mark D. Juszczak argues Eritrea's economic policy of rejecting major loans and aid, along with Eritreans striving to becoming self-sufficient is an economic strategy both the developing and western world should follow.
He indicated Africa spends about 15 billion dollars annually in paying debt repayments. In addition to that, he stated for every dollar a nation receives in loans and aid from the global financial bank institutions (IMF & World Bank), those nations are left to pay 13 dollars in interest.
Side Note: Such sobering economic aid statics puts into question of who's really 'aiding' who?
Mr. Juszczak goes on to highlight that Eritrea has a great opportunity to develop its 'natural capital', because it still lacks major hydrocarbon based infrastructure. He suggests Eritrea should focus on "conservation, solar energy, converting its steam powered rail network to electricity and developing an extensive inter-modal transport network focused on the human dimension of scale."
"Eritrea stands out as an unusual example of wisdom and prudence in government. We could all learn lot from its example.", Professor Juszczak concluded.
To read the entire article, visit here.
Crime a major constraint on investment in Africa
A United Nations Office On Drugs and Crime (UNODC) report shows high crime rates in Sub-Sahara Africa hinder economic development and foreign investment. Based on information taken from foreign companies stationed in each country, the report reveled Eritrea as being Sub-Sahara Africa's safest nation for foreign businesses to operate in.
[click on the image to see larger quality]
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Professor Mark D. Juszczak argues Eritrea's economic policy of rejecting major loans and aid, along with Eritreans striving to becoming self-sufficient is an economic strategy both the developing and western world should follow.
He indicated Africa spends about 15 billion dollars annually in paying debt repayments. In addition to that, he stated for every dollar a nation receives in loans and aid from the global financial bank institutions (IMF & World Bank), those nations are left to pay 13 dollars in interest.
Side Note: Such sobering economic aid statics puts into question of who's really 'aiding' who?
Mr. Juszczak goes on to highlight that Eritrea has a great opportunity to develop its 'natural capital', because it still lacks major hydrocarbon based infrastructure. He suggests Eritrea should focus on "conservation, solar energy, converting its steam powered rail network to electricity and developing an extensive inter-modal transport network focused on the human dimension of scale."
"Eritrea stands out as an unusual example of wisdom and prudence in government. We could all learn lot from its example.", Professor Juszczak concluded.
To read the entire article, visit here.
Crime a major constraint on investment in Africa
A United Nations Office On Drugs and Crime (UNODC) report shows high crime rates in Sub-Sahara Africa hinder economic development and foreign investment. Based on information taken from foreign companies stationed in each country, the report reveled Eritrea as being Sub-Sahara Africa's safest nation for foreign businesses to operate in.
[click on the image to see larger quality]
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| Eritrea is the safest nation for business in Sub-Sahara Africa - Source: UNODC |
Eritrea's Economic Policy Is A Great Lesson For the World
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ISN'T THE AIRBUS 320 IMPRESSIVE.GO PRIDE NATION ALREADY HABEN AFRICA
ReplyDeleteErina is marching. finally someone is noticing that standard quo of African Economics does not work anymore. follow Erina and success is for sure.
ReplyDeleteIndeed the 320 airbus is Haben Africa bought for Eritrea and by Eritreans. got love being Eritrean.
An alternative to the World Bank and IMF . plz read what the Nepali times wrought about Eritrea and those foreign aid-free, developing countries. we are heading to the right direction . this is why they are running to silences as from . this should be the listen all African country have to know .http://www.nepalitimes.com/issue/381/International/14341http:
ReplyDeleteAll over again leave us alone we don't need your help and don't interfer in our problems we do know you are part of the problem
ReplyDeletenot part of the solution.just collect interest rate from the greedy african leaders those papets of yours who are criminals of 'blood diamonds' then do your money loundring in the IMF.
WE Eritreans are people with dignity and honesty at all levels which is a rare commodity in the WEST.
TO the American adminstration we say to you the day you start to praise any ERITREAN government at any given time in our lif time or in the future difenetly the ERITREAN PEOPLE will upraise and will over throw that government.There are plenty reasons that we are behind our curent president to mention one that he is ahead of other
african leader in knowing your dirty intentions and your blody financial policies, so don't try to bring in power an Eritrean karazay(TWO DOLLAR SHOPE PRESIDENT)it will not work in ERITREA...
ALLAH WILL ALWYAS WILL PROTECT ERITREA AND ITS PEOPLE.
WHO THE HELL IS JOHNNIE CARSON?
ReplyDeleteHe is another N
ReplyDeleteJohnnie Carson would like you to send his family a couple loads of grains harvested in Eritrea, I heard he likes bribe, Meles Zenawi sends him $1,000 Money Order Draft, a couple times annually. Perhaps, the grains harvested in Eritrea may rub some dignity to his loathing nature and help his entire family.
ReplyDeleteERI SHIKOR, MAER. I COULDN'T AGREE WITH MY BROTHER UP HERE, ALLHA AND AMLACH ALWAYS PRETECTS THAT COUNTRY, ANT THERE IS VERY GOOD REASON FOR THAT!!!! MUAH, ERITREA SHIKORINA. I LOVE YOU, ERI:)
ReplyDeleteLEAVE ERITREA ALONE....ERITREA IS NOT FOR SALE PERIOD,
ReplyDelete