Thursday 10 February 2011

Some Economics...

For any nation, exportation of goods and services is a means towards prosperity, the more diversified the goods and services and the more diversified the countries of export, the better for that nation.It is even better and makes for a firmer economy when that particular nation has enough to export and to utilise for her citizens in the area of consumption without much need for importation.It is bad when a country can only produce consumed goods and services without any for exportation. It is much worse when a country has few or nothing to export and yet cannot produce enough to feed her citizens and has to rely on importation of most of her products, that is a clarion call for poverty. When we work routinely,structurally and daily,like the popular 9-5, and having to wait for the end of the month for salary,we are like the self consuming nation which has nothing to export, this is bad enough.If we are innovative, creative and we venture, in as diverse area as possible, and we have succeeded in translating this innovation and creativity into money making ventures, and especially when we dont rest all our hopes on the mechanised 9-5 job,but on what we know that we can produce and what we can translate into money,then the better the future will be for us, because we can then consume and are able to export, the more diversified this is , the better.But if we are not creative or we dont have any means of translating our creativity into money making venture(exportation), and we dont even have the usual 9-5 means of livelihood(goods consumption), God help us then, because we have to rely on importation and aid , the third and worst case senario!And that is the state most parts of sub saharan Africa are, and that which has translated to individuals!