On Mar 11, 12:23=A0pm, ajay...@[EMAIL PROTECTED]
wrote:
> On Mar 5, 3:50=A0am, "ltl...@[EMAIL PROTECTED]
" <ltl...@[EMAIL PROTECTED]
> wrote:
>
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> >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?
I don't think I am qualify to comment on the Nigerian factor.
But one thing is for sure, the bigger the country, the longer it
takes.
More people means more opinions and a bigger problem with inertia.
This also makes the Chinese model, described as "Reform wholesale"
by New Yokr Times Coolmunist Thomas Friedman, more relevant.
The next step, will then be "reform individual" after the country is
more
secured along the developmental track.
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