how do i use this
Somalis are the biggest fools in the world. They don't even manufacture a single toothpick yet import everything including khat making other countries richer.
Is there a reason?
Is there a reason?
Very well thought out procedure. Somalia just needs to figure out a way to draw on energy sources and regulate its funds towards it.There is this thing called the network effect.
Once you have all the infrastructure, cheap energy and thousands of small suppliers in place you could start competing in the global market.
Even if I were to build a massive toothpick factory in Somalia... the cost would price me out the market unless Somalia takes up a protectionist economic policy.
Think about it:
It keeps on adding up and I'll also have to import most the things I need.
- no large supply of cheap wood,
- lack of machine/CNC shops that build the parts I need for my machines
- Expensive energy bill
- Need to train everyone I hire
The biggest obstacle though is the lack of a domestic market. Most factories keep the lights on by selling locally.
If Somalia want to start manufacturing the government needs to:
The first decade shouldn't be about how much foreign currency we bring in or how many people employed.
- Implement high tarrifs on imports unless it's something our industries can't produce ATM.
- Infrastructure investment in a centralised industrial region to cut costs and increase overall efficiency. (Why build 3 modern ports when you could build a single large efficient one?).
- Create public-private initiatives to train workers cheaply similarly to German vocational schools.
- Limit government interference in all industries other than energy and mining to prevent resource hoarding or overcharging.
- Strongly enforce the rule of law equally.
We should initially focus on increasing our exposure to recent technologies and methodologies. Main goal would be to improve efficiencies in our foundational industries.
Otherwise we'll be eaten alive once we open our doors to the wider market.
Once we pull that off... FDI's would start pouring in as we'll probably be one of the few African countries that got it's shit together.
Highly doubt Ethiopia would allow us to do that through.
Yh but its been closed for the last 20 years. I heard some kuwaiti investors have bought the plant and want to get it up and running againThere's a cement factory built by the kacaan government.