Bosaso New Chair Making Factory Opens
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This is a good step forward and ends reliance on overseas. It raises up our productivity levels and provides new sources of taxation for the govt. Where-as in the current way of doing things thru importation, yes it creates workers at the port, yes it creates taxation revenue streams like a factory does, transportation and fuel services also benefit. But it doesn't provide any other knock on effect to the economy. Where-as a factory will provide a domino effect to electricity company having more clients, construction company contracts to build the building or renting the space from someone, the equipments itself will need servicing and create a domino effect in repair industries, if more factories open up.
Importing does have it's domino effect like evolution, there is a single point and it evolves like a branch with many things connected or involved with or relationships if you want to call it. Factories also do the same thing. Infact it happens anywhere in life, no1 escapes evolution, it is a law of the environment. We are subject to Charles Darwin, god bless his soul for bringing this to light!!!
The ideal economy has a mix of internal and external productivity. We want them competing against each other. We want someone to make chairs locally but as soon as they start charging to high, we want someone to start importing it from overseas and bring prices down again plus it creates more jobs at the port. Or you could create internal competition with factories competing against factories locally!!! We need to realize what happens if there is power outage for a week and people need a product? so there should be some importing that occurrs but how much is anyone guess.
Importing does have it's domino effect like evolution, there is a single point and it evolves like a branch with many things connected or involved with or relationships if you want to call it. Factories also do the same thing. Infact it happens anywhere in life, no1 escapes evolution, it is a law of the environment. We are subject to Charles Darwin, god bless his soul for bringing this to light!!!
The ideal economy has a mix of internal and external productivity. We want them competing against each other. We want someone to make chairs locally but as soon as they start charging to high, we want someone to start importing it from overseas and bring prices down again plus it creates more jobs at the port. Or you could create internal competition with factories competing against factories locally!!! We need to realize what happens if there is power outage for a week and people need a product? so there should be some importing that occurrs but how much is anyone guess.
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