ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 8 of 8)
Continued from Part 7 Organizational Structure for an Export Oriented Culture…continued from Pt.7 As described in suggestions for a cultural center, a mass information dissemination process is necessary to gain support of citizens. It would be expedient for the economic development board (the coordinator of industrialization policy) and the export marketing body to jointly execute […]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 7 of 8)
Continued from Part 6 Denouncing the False Prophets continued…continued from pt. 6 Towards the end of 2014, I read a piece in which a very high ranking central banker of an African country reasoned that his country has no other choice for development strategy other than ISI. In his stated view, they (the country and […]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 6 of 8)
Continued from Part 5 The Positive Desperation of Being on “Death Ground” In the “Art of War,” Sun Tzu, a military genius who lived in 544 to 496 BCE, states that if you put an army on death’s ground–a place from where there is no escape or retreat other than fighting their way out–each person […]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 5of 8)
Continued from Part 4 Can African Countries and People Compete in the Global Market? Continued…from pt. 4 The economic advisers of these states were not against the countries succeeding. Rather, the problem was that they were not very familiar with the idea of export-oriented industrialization and would have preferred that the countries stuck to the […]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 4 of 8)
Engineering the Transition continued….from pt. 3 Information dispersal and indoctrination are an important part of any transition process. Because without total buy-in from the citizens including existing socio-economic-political power-centers, businesses, and the everyday person, it will be a convoluted process that is susceptible to derailment. In every African country, the importers are a powerful interest […]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 3of 8)
Continued from part 2 A Safe and Secure Way Forward It is neither feasible nor necessary to dismantle ISI because there are jobs and capital investments associated with it. But it is imperative that it should be curtailed going forward. If the curtailment and modification of the effects of ISI are skillfully managed, it will […]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 2 OF 8)
ISI Industries are voracious Consumers of Hard Currency Continued From Part I An inefficient producer that requires special protections and has a voracious appetite for hard currency to import semi-finished goods as raw material is a liability against the most vulnerable in society. The poor and least well-off are the most burdened by high prices […]