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> I dont see something wrong with startup cities. They are not for everyone nor advertised as such. Well, if you are building one where The economy of Senegal
by africanboy 6y ago
> I dont see something wrong with startup cities. They are not for everyone nor advertised as such.
Well, if you are building one where
The economy of Senegal is driven by mining, construction, tourism, fishing and agriculture, which are the main sources of employment and 75% of the population lives in chronic poverty, maybe there is something more urgent that could be done.
Unless you think that UAE and Dubai are a good example of development.
- cblconfederate 6y agoDubai is the opposite example of this as it does not allow migrants to settle in or (until recently) own land. Presumably startups cities want to jumpstart their economy, not to subsidize it with oil money. But still, UAE spends its money better than other oil-making countries in the region. Plus, foreign aid did not exactly work well in africa; maybe it is better to teach people how to fish this time
- africanboy 6y agoForeign aid worked and the stability of Senegal it's proof of that. USA military intervention is what did not work if you ask me. Also USA support to Riad regime is not exactly for the good of middle east. Having said that, Senegal learned to fish a long ago, it's politically stable with a stable (growing) economy and a stable currency shared with other countries and tied to euro. A startup city would still be inside Senegal territory and be subject to Senegal immigration's laws. Instead of spending 6 billions to build a one man vanity project, use those 6 billions to open a fund that guarantees loans requests by those people that do not have enough bank guarantees to access credit. That's how you teach people to fish, IMO.