Puntland is currently in the stage of infrastructure development(schools, health, roads, airport, ports, energy), they must stay on this course, but once this is complete or has reached a sufficient level, we need to move into next phase of development primarily economic. The economy is tied to many issues that we need to consider below.
Govt stability
The govt must be stable and based on rule of law, politicians must agree on taxes and laws governing it's market place and stay the course on this. This is critical for investors as they calculate their investment and returns requiring stability over long durations. The current 'chaotic informal approach' in the market place must end and we must adopt a market place based on the rule of law and quality standards, we must look at china/west and create agencies with legal powers. This is critical because the amount of investment going into our products/goods/services , the amount of effort and time allocated and our final returns are very low at the moment.
Industry
We must demand all industries create a commitee and spokes-person who will communicate with the government about challenges they are facing and opportunities. We must review existing industry players on their costs, production effort, and returns are maximized to full potential. We must stamp out manual processes also. We must scan local and global markets. We must ensure quality assurance is maintained on their work and an inspector office is created for industry. We must bring in chinese experts to provide their expertise on how we can speed up our economic activities. GDP is based on time, 12 months. We must ensure our work force is working according to an excellence model and our business people are applying proven business management practises.
Labor Skills Development
We must demand workers establish unions and present their concerns and opportunities, identify what post secondary skill investment they need to ensure their attractive to investors. We must analyze how their currently working compared to chinese-western methods and create a model that takes the positives from each regions and apply it to our workplace culture. The current culture is horrendous not knowing each year, quarter, month, week, day people are being measured for productivity outputs in their industry, while they are sleeping half the day or unreliable, this needs to be stamped out. No country wants to be apart of our value chain untill a huge cultural change happens as it will impact on their bottom line, half a day sleeping adds up over a year.
Conclusion
Puntland govt must present facts to investors regarding the investment capital, operating cost, and local skill availability. They must provide the laws and taxes. PL must convince investors they want the best for them in terms of profit becuz if they grow, our govt taxes grow, so govt/business must not see each other as enemies, PL govt should promise and implement what investors require from the business environment but taking on-board labour union advice to ensure maximum potential is reached.
PL govt must calculate how the investment will impact on it's GDP growth, we must select products and goods that have good value returns not 'bananas' like the south. We must select products where the value/supply chain can be kept inside our market so the wealth is spread out.
Govt stability
The govt must be stable and based on rule of law, politicians must agree on taxes and laws governing it's market place and stay the course on this. This is critical for investors as they calculate their investment and returns requiring stability over long durations. The current 'chaotic informal approach' in the market place must end and we must adopt a market place based on the rule of law and quality standards, we must look at china/west and create agencies with legal powers. This is critical because the amount of investment going into our products/goods/services , the amount of effort and time allocated and our final returns are very low at the moment.
Industry
We must demand all industries create a commitee and spokes-person who will communicate with the government about challenges they are facing and opportunities. We must review existing industry players on their costs, production effort, and returns are maximized to full potential. We must stamp out manual processes also. We must scan local and global markets. We must ensure quality assurance is maintained on their work and an inspector office is created for industry. We must bring in chinese experts to provide their expertise on how we can speed up our economic activities. GDP is based on time, 12 months. We must ensure our work force is working according to an excellence model and our business people are applying proven business management practises.
Labor Skills Development
We must demand workers establish unions and present their concerns and opportunities, identify what post secondary skill investment they need to ensure their attractive to investors. We must analyze how their currently working compared to chinese-western methods and create a model that takes the positives from each regions and apply it to our workplace culture. The current culture is horrendous not knowing each year, quarter, month, week, day people are being measured for productivity outputs in their industry, while they are sleeping half the day or unreliable, this needs to be stamped out. No country wants to be apart of our value chain untill a huge cultural change happens as it will impact on their bottom line, half a day sleeping adds up over a year.
Conclusion
Puntland govt must present facts to investors regarding the investment capital, operating cost, and local skill availability. They must provide the laws and taxes. PL must convince investors they want the best for them in terms of profit becuz if they grow, our govt taxes grow, so govt/business must not see each other as enemies, PL govt should promise and implement what investors require from the business environment but taking on-board labour union advice to ensure maximum potential is reached.
PL govt must calculate how the investment will impact on it's GDP growth, we must select products and goods that have good value returns not 'bananas' like the south. We must select products where the value/supply chain can be kept inside our market so the wealth is spread out.
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