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Get organized, improve, build infrastructure (take help from but don't forfeit your land to China).. all great! Single currency? Please don't!! You are giving
by electriclove 7y ago
Get organized, improve, build infrastructure (take help from but don't forfeit your land to China).. all great!
Single currency? Please don't!! You are giving up control of your monetary policy. It will be another EU.
- kspacewalk 7y agoAfrica of course already has 3 regional currency unions (West CFA, Central CFA, Common Monetary Area) and I wonder if that would have worked better in Europe as well. Call it an intermediate step if you want, with the united Euro a kind of nice ideal to strive towards, once all EU economies are on the same footing and have well-correlated economic cycles (so basically a long long time in the future).
- merpnderp 7y agoIs this even a thing to strive towards? The US doesn’t even haven regional economies in sync.
- tim333 7y agoForfeiting your land isn't good but selling some for a fair price and using the money sensibly can be one of the fastest ways of getting wealthy.
- electriclove 7y agoSelling your port? https://www.nytimes.com/2018/06/25/world/asia/china-sri-lanka-port.html https://www.nytimes.com/2018/06/25/world/asia/china-sri-lank...
- pinkfoot 7y agoAnd conversely - as many an African government likes to demonstrate - refusing to honour the title deed after the sale of the land is the best known way to get really poor, really quickly.