Puntland my beloved homeland lacks any economic instruments to control it's economy from a 'recession or production defecit/surplus' which is both not good for either investors or consumers. I urge my government to begin insuring our economy with 'membership' to world banks in the event if investors goes broke by producing too much goods/products and no customer buys it, we need to bail them out as they are the engine of 'job creation'. These investors need serious government involvement.
All we know is 'sicir barar' that is 'production defecits' and is an important metric to monitor but it's not as important like the investing class losing wealth due to lack of market consumption. This idea that we can just 'offshore' exports to other countries isn't feasible becuz they control their economies to ensure their market balance isn't disturbed. The western world capitalism relies on poor countries so they can offshore their production surplus, which keeps their investors insured in the event local consumption is low.
The first design I would suggest is trained economists are needed in Puntland to ensure investors can be bailed out in the event they go broke, we must monitor consumption rates and report these figures yearly in our industries so business people do not produce more then what the market needs, we must provide them confidence thru reliable data that their investment will secure a market whether it's local or global and we provide the necessary 'production output to match demand' thru quarterly/yearly intervals, this must be revised each quarter or yearly depending on local or global demand.
The other economic design I would promote to invest in to local/diaspora/foreign investors is in 'goods n products' that do not 'perish' unlike 'agriculture or food stuff', we can create 'warehouses' for these goods which have long life spans and store n retrieve when market conditions are good to sell.
The final desisgn mechanism that we need is 'gold or credit loaning bank memberships' or even 'both' to provide investsors confidence that the government has reserves or can pull on credit loans to bail them out in the event of a market decline and production surplus.
What other instruments do u suggest the government needs? well designed economies need 'government, investors, workers, and consumers' these are 'factors' that are all involved in the market place and we must control these 'inputs' through our government economists.
All we know is 'sicir barar' that is 'production defecits' and is an important metric to monitor but it's not as important like the investing class losing wealth due to lack of market consumption. This idea that we can just 'offshore' exports to other countries isn't feasible becuz they control their economies to ensure their market balance isn't disturbed. The western world capitalism relies on poor countries so they can offshore their production surplus, which keeps their investors insured in the event local consumption is low.
The first design I would suggest is trained economists are needed in Puntland to ensure investors can be bailed out in the event they go broke, we must monitor consumption rates and report these figures yearly in our industries so business people do not produce more then what the market needs, we must provide them confidence thru reliable data that their investment will secure a market whether it's local or global and we provide the necessary 'production output to match demand' thru quarterly/yearly intervals, this must be revised each quarter or yearly depending on local or global demand.
The other economic design I would promote to invest in to local/diaspora/foreign investors is in 'goods n products' that do not 'perish' unlike 'agriculture or food stuff', we can create 'warehouses' for these goods which have long life spans and store n retrieve when market conditions are good to sell.
The final desisgn mechanism that we need is 'gold or credit loaning bank memberships' or even 'both' to provide investsors confidence that the government has reserves or can pull on credit loans to bail them out in the event of a market decline and production surplus.
What other instruments do u suggest the government needs? well designed economies need 'government, investors, workers, and consumers' these are 'factors' that are all involved in the market place and we must control these 'inputs' through our government economists.
