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Subject:
From:
Abdoul Njie <[log in to unmask]>
Reply To:
The Gambia and related-issues mailing list <[log in to unmask]>
Date:
Tue, 12 Mar 2002 04:29:53 +0000
Content-Type:
text/plain
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Joe and Mr. Sidibeh,

I am of the belief that The Gambia needs to apply a mix of both trade and
assistance.

Clearly we need to refrain from accumulating high debts which only helps in
putting us in a deeper hole, but I also think that  trade between the two
countries should be  based on the economic concepts of ABSOLUTE and in some
cases COMPARATIVE advantages.

I quote:

The idea here is simple and intuitive. If our country can produce some set
of goods at lower cost than a foreign country, and if the foreign country
can produce some other set of goods at a lower cost than we can produce
them, then clearly it would be best for us to trade our relatively cheaper
goods for their relatively cheaper goods. In this way both countries may
gain from trade


Best Regards,


Ablie Njie






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