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Economic Revival: Can Be Done!
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Posted on Apr 02 2001
The Issue: The continuing economic downturn fueled by external and internal influences.
Our View: It can be revived with serious reassessment of attitudes and repeal of strangling policies.
The NMI need not fuel its own economic meltdown. It can exit this bind by seriously reassessing policies that have discouraged current investors from expanding while simultaneously turning away future investors.
We must realistically begin with the factual premise that other than the triad of the sea, sun and surf which came tumbling down since 1997, no other investment has weathered the economic doldrums other than apparel manufacturing.
That we don’t know the fate of this industry when the World Trade Organization’s policies are implemented in the near term is more the reason to look from within with vision and commitment to make the most in economic sectors where the NMI has succeeded.
It’s a case of fish in boat over fish in the open waters, pure and simple and it doesn’t take a genius to figure out what other forms of investments are on the horizon. In short, the descend of fresh investments depends on policies that are placed and set in motion today.
Opportunities abound to exit the scarcity mentality. It no longer works and it is the wrong paradigm to perpetuate at a time when uncertainty of recovery in nearby Land of the Rising troubles both sides of the Pacific.
It is at this juncture when leadership–from all sectors–must converge to map-out where the NMI goes from here. It takes leadership to move in this direction. It’s all in the palm of our hands. Let’s do it today while time is in our hands. Let’s rebuild the ship of hope for the future so to ensure that paradise remains just that for our children and friends alike. Si Yuus Maase`!
