ለዘመድ አዝማድህ አስተላልፍ!
የዉጪ ምንዛሪ እጅህ ላይ ከለ በቶሎ ሸኘዉ፣ ታተርፋለህ፣ ዶላር ጋና 200 ብር ይገባልኛል ብለህ ተንታራሰህ አትተኛ!
በጊዜ ሸኘዉ!
ከአከሰረህም የበለጠ ሳትከስር፣ መንግስት ዝም ብሎ የለቀቀዉ የሚያዉቀዉን ስለምያዉቅ ነዉ፣ አንተ የማታዉቀዉን።፡
ፍጠን፤ ፍጠን፣ ፍጠን!
Re: በጎ ምክር!
In the short term, the dollar rate should level at a rate a lot lower than before the announcement of the floatation of currency. Another guy was advising people to hoard on imported goods. I had to explain to him how some of the funding the government received is front-loaded (paid up front) to ensure higher supply of dollar than demand at the start of the new currency mechanism and his advice is incorrect.
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DefendTheTruth
- Senior Member
- Posts: 12903
- Joined: 08 Mar 2014, 16:32
Re: በጎ ምክር!
sarcasm,
I think there are many factors flowing into the current major policy shift of the government. One of it is lack of education (lack of adequate information), there are many people in the country who are billionaires but lack the basic concept of how a business is run, they don't want to hire advisors and consultants to get the basics. Instead they tend to trust the tricks they used so far to create their fortunes. Now there is a shift, in a major way.
The economic fundamental is entering a new type, perhaps for the first time in the nations recent history: liberalization.
In liberalized economy the only factor that can help is competition, the winner gets the share, while the loser goes home empty handed.
Ethiopia is entering a free market policy, there will be no more government regulated economic policies, like controlling the prices of goods and services.
Prices are from now on determined by the so called "invisible hand", there could be a bumpy road down the road of the beginning of this change. The government is entering into a major change without a much fanfare like somebody would expect.
I am not a specialist in economics but I think there is a reason why it is called "invisible" (there are factors flowing into the determining situation that not everybody is capable to discern so easily, the key is education/information).
Ethiopian people are entering into a new era: it could be very risky because now on the competition is no more between the citizens themselves, there could be other economic players also potentially entering into the field, where they have more advantage: education/knowledge.
If you don't have the necessary knowledge, then you are also destined to lose, sooner than latter.
I am afraid for my relatives still tilling the land using the same old means of ploughing, with the oxen or horses back. The good news for now could be that the land is not yet liberalized but I feel that too is a matter of time.
Capital shouldn't be that much a problem to modernize the means, but the necessary education is missing.
Let's pray for the better.
I think there are many factors flowing into the current major policy shift of the government. One of it is lack of education (lack of adequate information), there are many people in the country who are billionaires but lack the basic concept of how a business is run, they don't want to hire advisors and consultants to get the basics. Instead they tend to trust the tricks they used so far to create their fortunes. Now there is a shift, in a major way.
The economic fundamental is entering a new type, perhaps for the first time in the nations recent history: liberalization.
In liberalized economy the only factor that can help is competition, the winner gets the share, while the loser goes home empty handed.
Ethiopia is entering a free market policy, there will be no more government regulated economic policies, like controlling the prices of goods and services.
Prices are from now on determined by the so called "invisible hand", there could be a bumpy road down the road of the beginning of this change. The government is entering into a major change without a much fanfare like somebody would expect.
I am not a specialist in economics but I think there is a reason why it is called "invisible" (there are factors flowing into the determining situation that not everybody is capable to discern so easily, the key is education/information).
Ethiopian people are entering into a new era: it could be very risky because now on the competition is no more between the citizens themselves, there could be other economic players also potentially entering into the field, where they have more advantage: education/knowledge.
If you don't have the necessary knowledge, then you are also destined to lose, sooner than latter.
I am afraid for my relatives still tilling the land using the same old means of ploughing, with the oxen or horses back. The good news for now could be that the land is not yet liberalized but I feel that too is a matter of time.
Capital shouldn't be that much a problem to modernize the means, but the necessary education is missing.
Let's pray for the better.