On Mar 5, 3:50=A0am, "ltl...@[EMAIL PROTECTED]
" <ltl...@[EMAIL PROTECTED]
> wrote:
> http://allafrica.com/stories/200803031295.html
>
> "Beg Not China but copy China! Notwithstanding development gap,
> Nigeria has a lot in common with China and indeed could be another
> China, just as China used to be like Nigeria. Nigeria is the most
> populated country in Africa just as China is most populous country in
> Asia as well as in the world. In development parlance we are talking
> of two largest markets in the world. But while China is one huge
> working and productive house, Nigeria is yet to be unbundled to
> realise its potentials as it is weighed down by consumption and idle
> capacity.
>
> Paradoxically the two countries are undergoing reforms. But while
> China's reforms are delivering on promise, Nigeria's reforms are far
> from the expectations. This is where Nigeria can creatively copy
> China. Yours sincerely recommends for President Yar' Adua Joseph
> Stiglitz book: Globalization and Its Discontents, (in particular
> chapter seven).
>
> President Yar Adua should appreciate how China's reform has delivered
> prosperity compared to how Russia's reform (read: Nigeria) has
> promoted despair. Stiglitz, the Nobel Prize Winner in Economics shows
> that the strength of China lies in its home grown policy initiatives.
> China just like Poland ignored the so-called Wa****ngton Consensus
> (devaluation, uncritical privatization, trade liberalization, removal
> of subsidy etc) as promoted by IMF and the World Bank and went for
> creative alternative local policies that reflect national priorities.
> China employs "gradualist approach" to reforms compared to "shock
> therapy approach" of Russia which uncritically privatised public
> enterprises without addressing fundamental issues of goods and service
> delivery. China built democratic mass sup****t for reform agenda not
> through election riggings, political thuggery and mass unemployment as
> in Nigeria OBJ's era.
>
> On the contrary China shows that stability, political unity of purpose
> and common wealth (as distinct from private aggrandisement and
> corruption) are indispensable to reform agenda. China also has
> negative (not just zero) tolerance to corruption (it engenders capital
> punishment in many instances). Lastly the point cannot be overstated
> that China appreciates the imperatives of labour-intensive industries
> for a populous nation. Nigeria is boastful with enclave sectors like
> Telecoms, banks and oil and gas but the labour absorption is therein
> insignificant. On the contrary China holds on to textile and
> agricultures where millions are employed.
>
> What is good for China is good for Nigeria; macro economic stability
> and protection of domestic market. The issue is not to be romantic
> with China but to use the President's word, be "strategic" with China
> just as China has been strategic in its dealings with Africa.
> President Yar Adua seems on top of the challenges of China when he
> re****tedly said; "Given their unique respective geo-political
> statures, Nigeria and China have a duty to mutually reinforce each
> others' growth and development.
>
> Our administration is greatly encouraged by the fast-tracked economy
> development that China has achieved, which has made her the world's
> fastest growing economy and greatly enhanced her influence and stature
> in the world". Good luck Nigeria."
>
> China can do it. Nigeria can also do it.Let us see the rise of Nigeria
> and all of Africa.
Thanks brother. You have done well! What is at stake is the Nigerian
factor? Unless this change nothing positive can be achieved. Do you
agree?
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