lets talk about it
what does somalia need in order to become a 1st world nation?
- Thread starter land owner
- Start date
1st world Doesnt Exist in africa ....
This is what Somalia needs
In the world of today, the economy is of utmost importance and this should be handled with great skill and adeptness. We are located in a very strategic location, where a large portion of the world’s trade passes through. We have also a very long coast and the adjoining maritime economic zone which stretches some 645 km into the Indian Ocean. Although not really, proven, huge hydrocarbon reserves are reported to be in our country both onshore and offshore. Other mineral resources are also mentioned including uranium, manganese, tin, iron ore and many others. The country also enjoys two riverine basins which could be a source of all our agricultural needs. The Somali Peninsula also owns one of the largest livestock populations in the world and supplies the Arabian Peninsula a major part of that region’s meat needs. There are many other assets, but one of the most important is a young and growing population, which if properly mobilized could be one of the most productive and entrepreneurial populations of the African continent.
To harness these assets for the good of our country, we propose the creation of a Somali National Economic Developmental Board (“SNEDB”). The SNEDB should be an institution empowered to manage the assets of the nation, so they become income generating resources of the country. The SNEDB would be managed through a board that is kept independent and at arm’s length from politicians who could do damage to the country without knowing that they have done so for minor political gains or for enriching themselves, just as they have done so far. We should avoid issues such as the so-called maritime dispute with Kenya, created by some of our irresponsible politicians, ever coming back
https://www.hiiraan.com/op4/2018/sept/160227/a_somali_national_economic_board.aspx
But we need to do something to ensure there is no corruption. Suggestions?
In the world of today, the economy is of utmost importance and this should be handled with great skill and adeptness. We are located in a very strategic location, where a large portion of the world’s trade passes through. We have also a very long coast and the adjoining maritime economic zone which stretches some 645 km into the Indian Ocean. Although not really, proven, huge hydrocarbon reserves are reported to be in our country both onshore and offshore. Other mineral resources are also mentioned including uranium, manganese, tin, iron ore and many others. The country also enjoys two riverine basins which could be a source of all our agricultural needs. The Somali Peninsula also owns one of the largest livestock populations in the world and supplies the Arabian Peninsula a major part of that region’s meat needs. There are many other assets, but one of the most important is a young and growing population, which if properly mobilized could be one of the most productive and entrepreneurial populations of the African continent.
To harness these assets for the good of our country, we propose the creation of a Somali National Economic Developmental Board (“SNEDB”). The SNEDB should be an institution empowered to manage the assets of the nation, so they become income generating resources of the country. The SNEDB would be managed through a board that is kept independent and at arm’s length from politicians who could do damage to the country without knowing that they have done so for minor political gains or for enriching themselves, just as they have done so far. We should avoid issues such as the so-called maritime dispute with Kenya, created by some of our irresponsible politicians, ever coming back
https://www.hiiraan.com/op4/2018/sept/160227/a_somali_national_economic_board.aspx
But we need to do something to ensure there is no corruption. Suggestions?
Sell it to China and evacuate every Somali to China or elsewhere and in a decade or two, it will become a First world.
Sxb ma naag chinese baad arooste? Ama where is this love to chinese ppl is coming from?
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AIOPZ
Pan-Islamist
Wait for Ethiopia, Kenya, and Dijbouti to become 1st world nations so trading with them triples our income. Diversify our economy. Deport all of the diaspora back to Somalia so the nation can make up for the brain drain it suffered for the last 20 years.
Everything else will line up from there.
Everything else will line up from there.
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Pretty much
Maybe but all those countries are broke and in heavy debt
Here is another one. Open trade schools everywhere in the country. They will all learn to write somali and math up to arithmetics together. Then they will be broken up into groups, this group learns plumbing, this group learns electrical, this group learns how to build buildings and the final group learns how to pave roads and parkings(anything). Have those trade schools everywhere and you now have the ingredients to build a first world infrastructure. The other students outside trade will contribute in health agriculture and engineering. All that is left is to stop corruption. I think it is easy to open up trade schools everywhere around the country costs a few million or puntland can open a huge trade school where they train 2thousand students from each state including somaliland. @AussieHustler @Mehmet @Lolalola @Basra @Loyan @4head @Aladdin @land owner
To hell with china as it is just factory for us companies
Taqwa
AIOPZ
Pan-Islamist
If they don't improve, how can we ever improve? After all, a nation is only as good as its trading partners. West Germany prospered trading with the wealthy US and the rest of the affluent allies; East Germany sunk into poverty trading with poor Soviet members like Albania and Bulgaria.
Look at Mexico! No other country rivals the U.S when it comes to income generated from exports! If they weren't blessed by sharing a border with America, do you think they would be anywhere near as wealthy as they are now?
Yes as america needz mexico more and that is why mexico is doing business else where and doing even better
AIOPZ
Pan-Islamist
I'm sorry, did you see those statistics? Close to 80% of Mexico's generated income from exports is from the United States alone; America only gets 15% of its income from Mexico in exports in return. The U.S can handle loss in Mexican revenue far lot easier than Mexico can handle loss in American revenue.
its mostly agriculture and cheap labor for their cars. the U.S doesn't need mexico
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