Economic predictions are relevant.............................
These cannot be done with the use of mathematical formulars; should read;
These cannot be done without the use of mathematical formulars.

Yahya

>From: yeks drame <[log in to unmask]>
>Reply-To: The Gambia and related-issues mailing list
><[log in to unmask]>
>To: [log in to unmask]
>Subject: Re: Let us respect expression of views
>Date: Wed, 28 Feb 2001 04:37:10 -0500
>
>The Fishing Industry.
>
>That was a remarkable contribution to the industrial development of the
>Gambia.
>At this point of history, it is the mission of all Gambians to intensify
>the
>political, social and economic questions of the country and pursue it into
>liberation. The necessity for rooting out backwardness and stake out new
>foundations for a mordern liberated Gambia.
>
>Indeed, we have a very sick nation;a nation that needs proper medication; a
>medication that suggest outstanding economic, social, and political
>treatment.Distinct and consumate voices we have heard, responding to the
>question of a better Gambia: many were put into deef ears because of the
>attitude of the present government. An cultured manner of work does not
>seem
>to entertain substance ideas from parties with a different vision. However,
>many dedicated Gambians with the culture of nation building will never give
>up their stance.
>
>The classical question is does the Gambia have enough material resources to
>provide for 2million people expected to live there? The suggestion of a
>fishries plan! wonderful! we know we have the resources, we know the
>hospitality of the people.But how do we put these into substance?
>
>"Why waste money on industries which will most likely produce inferior
>goods
>which will not be bought by anyone in their right mind?"
>
>Well, in an economic approach to the above question, fishries  is a
>resource;in essence there is no wasteful resource.All resources perform
>according to the climate provided for them. At a given state of
>technological development, the absolute supply of certain natural products
>can be sustained at a given level or even increased-these are renewable
>resources-those capable of rplenishing themselves or being replenished by
>human beings.The idea of a fishries plan, could be an alternative for the
>introduction of primary industries to enhance its wider production
>capacity.
>Most biotic resources, such as forest, animal populations, and fish support
>the function of such industries.
>
>Certainly, fish is a renwable resource; it means we are in control of its
>performance.We are blessed by nature, Gambia is the most navigable river in
>the sub region.Sustainable fishing industry will certainly do well. With
>prevelege location along the river banks, will promote technological
>developments among local industries to enhance its competiveness, We can
>predict the establishment of specialised apprentiship and vocational
>training, minimise unevenly population distribution, and enssuring more
>attention to public infrastructure.
>Further more, if well developed; it can lead to even ensuring attention of
>funding industry related researchs in universities.
>
>"Creating jobs is fundamental to any economic equation"... It could be
>created" This is fundamental! resources are not fixed in amount but created
>in response to needs, through market mechanisms.We know the demand for
>fish;
>its really doing well! dry, fresh, smoked,canned, oil ect. how do they act
>in the market? If we think in a suppliers perspective,I am convinced Gambia
>will soon start to export tons of fish products. The thing is, if a product
>becomes scarce, its price rises and the quantity consumed drops.The
>customers taste will change because of price sesitivity. This price change
>will stimulate an increase in the supply of the product and the search for
>subtitute products.Ofcource, our sea does not only provide one variety of
>fish; fish is not only demanded when fresh, we have other alternatives. So
>why not! fishing industry.
>
>If we follow up the competive advantage of developed nations, that firms
>that achieve world class are likely to have built their international
>competitive edge on the continuum of economies of scale from internal and
>external.The fishing industry is and exceptional example of enhancing the
>capability of international competiveness, because we have it in abundance.
>
>Economics predictions are relevant; it has a corelation to mathematical
>figures, to compare and contrast. This enables focasting, a relevant point
>in economic pridictions. You can measure market perforamnce, risk on
>investment,value of investment, the affect by a change in aggregate value
>of
>all assets in the economy. We must know Net Present Value,We must know
>Rates
>of Return,We must understand break even analysis, Interest rates, and the
>treatment of inflation. These cannot be done with the use of mathematical
>formulars.It is purely scientific, since it deals with man's physical
>environment, ends and scarce means in relationship to his daily activities.
>The approach given by Rene is quite phenomenal.
>
>A fishing industry would be a strategic point of development in the Gambian
>economy.
>
>Yahay.
>
>
>
>>From: Rene  Badjan <[log in to unmask]>
>>Reply-To: The Gambia and related-issues mailing list
>><[log in to unmask]>
>>To: [log in to unmask]
>>Subject: Re: Let us respect expression of views
>>Date: Tue, 27 Feb 2001 09:12:16 EST
>>
>>Yus,
>>     Your contention is well understood. Thanks for the response and the
>>little exchange. All the background information you provided about Taiwan
>>is
>>relevant, and to tell you the truth, I was not even thinking about the
>>relationship between Tiawan and the Gambia when I produce that excerpt
>>from
>>a
>>research paper. I was not even attempting to draw a parallel between
>>Taiwan
>>and the Gambia. I know the preconditions for its industrial rebirth are
>>not
>>present in the Gambia. I was just attempting to show that light scale
>>industrial activities can help in economic development, if a government
>>helps
>>and nurtures it, and can make all the difference. This is just the point I
>>was trying to make. Taiwan was just an example. Its development path,
>>though,
>>may be worthy of emulation.
>>Cheers.
>>
>>     Rene
>>
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