Why Does Somalia Lack Economists

DR OSMAN

AF NAAREED
VIP
I never see real experienced economists in Somalia as a whole including Puntland. I hear vaguely from time to time from government officials stating Somalia is a free market and they welcome all investors. Well it's up to the state to define an economic road-map for investors, they also need to study export opportunities by sending fact finding missions in various nations to determine what those nations lack or what commodity is in short supply.

We need to look at our own local economy and note down what are high GDP return activities that can produce mass employment such as furniture making, boat making, vehicles and spare-parts, construction materials, hospitality, medication production. We also need to discuss how to turn Somalia into a financial hub with strong banks and borrowing and lending services to the public to create homes, start ups, etc.

These type of investors should be sought after by the Somali government as these investment end up having a multipler effect across the whole market place and can quickly build up our over-all GDP. We need some planned and informed economists to guide our government with real economic data on local and global market consumption levels, supply chains multipliers, and finally work out the production level needed year to year to meet local or global demands. Surely we can tap into some economists who can work out industries that Somalia govt should seek to develop while providing the necessary performance data of the industry to investors depending on global or local demand.

Who here prefers a Somali govt that doesn't just twindle it's thumb and say 'free market' and let business people do what they wish, why are they not being guided to lucrative industries that are in short supply and high demand, while the govt invests into the human capital needed in the various industries being targetted.
 
Last edited:

DalsanJubiland

HartilandWaamoJoore
most people in Somalia live less than a Dollar a day. So they worried about what to eat, they don’t care economy as whole.
 

DR OSMAN

AF NAAREED
VIP
most people in Somalia live less than a Dollar a day. So they worried about what to eat, they don’t care economy as whole.

Well they're situation won't change and they will continue to live on a dollar a day without seasoned economists that can lure in bankers to begin financial hub of borrowing n lending to create assets, businesses, etc. Without trained economists, these ppl will enter industries that are low paying and their lives won't change becuz they are not strategically targetting investments in areas that have good final product value.
 
Top