| Subject: Re: Price protest! by Unitech Students |
Author:
larsen
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Date Posted: Thu, Sep 18 2008, 08:18:13pm
In reply to:
tony
's message, "Price protest! by Unitech Students" on Sat, Sep 06 2008, 08:02:17am
The importance of support and continuity in support for physical infrastructure development is exemplified in some of the economic achievements of some of the countries mentioned.
The country needs to be linked up by an efficient and effective transportation system. The highlands, southern and the momase regions need to be linked up by a very efficient and effective land transportation system. [If Don Polye can initiate such project the country would salute him as a good leader].
The island region needs to be linked up to the other three regions by an efficient and effective maritime transportation system too. [Don Polye would be saluted for this initiative too]
I have had the chance to support the rehabiliation and matinenace of the highlands highway by the government. Also involved in a martime and navigational project cofunded by both the png government and the asian devvelopment bank. Government is putting support in these perspectives but there are few discrepanies which needs to be ironed out.
When such efficient and effective transportation is established by the government, as mentioned, the private sector would automatically flow through the supply and demand mechanism ensuring creations of new demand and supply markets. The would be greater multiplier effects on the economy as mentioned.
After having established such efficient and effective trasnportation and ensuring the the regulatory framework of the economy is geared to supporting increased private sector engagement, the government should then assist further by improve social, law and order discrepanies that continue to erode the fibres of the country.
The government should then facilitate greater direct foreign investments in the country. This programme should have more emphasize in captial accumulation. The government need to increase the stock of physical capital by bigger margin; increasing the stock of capital-gdp ratio by more than 200 percentage points. If the capital accumulation is increased to such magnitude; increasing the capital-gdp ratio, the country has surplus labour resource/supply which would fit into this scenario easily and thus, increasing the ratios accordingly. When this happens, the country would be in a turning point for increased economic activities; further increasing economic growth.
The next thing the government needs to do is facilitate the adoption of the new techological skills available in the world. The increased level of technological skills and high stock of physical capitals, the economoy is now geared to move further.
These are some of the essential development projects and programmes which have helped the countries mentioned prosper.
There are few things the government needs to do such as re-orienting its public service to such such programmes and projects.
Enga province should not wait for decisions from waigani to adopt these essential factors of development. The province has to re-focus itself and move on. This is a greater concern.
Peles economist, thank you for the further discussion,
larsen
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