{"id":39860,"date":"2023-12-12T06:21:51","date_gmt":"2023-12-12T06:21:51","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/?p=39860"},"modified":"2023-12-12T06:16:04","modified_gmt":"2023-12-12T06:16:04","slug":"move-from-consumer-economy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy","title":{"rendered":"MOVE FROM CONSUMER ECONOMY"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>One would argue that there is always a thin line between economics and politics, particularly on matters of fiscal policy.<\/b><\/p>\n

It is frustrating to note that the general commentary on the country\u2019s economic situation, is made predominantly by people who claim to understand economics, but on closer inspection, they are nothing else but wanna-be economists. The subject of economics is very wide and often complex, hence a development economist cannot be taken at face value to be a monetary economist or a labour economist etc. This is one reason why it is often said that whenever there is one or two economists, there will be three or four opinions.<\/p>\n

It is well and good that people can criticise government for being weak in addressing the leakage in our cash flow cycle, but the bigger picture is that Eswatini\u2019s indebtedness to external multilateral bodies, is still far lower than the world average. The idea of pursuing \u2018regime change\u2019 through populist views to woo the masses as against selling yourself on a solid political framework is therefore cheap politics.<\/p>\n

Approach<\/b><\/p>\n

The obvious economic logic is to ensure that we adopt a counter-cyclical approach to the problem, which means coming up with a stimulus plan to kick-start the economy. In good times, the approach would be to save, so that we are covered for any future calamity, while in bad times you look for stimulus levers. Cutting costs, salaries and spending, in general has a domino-effect of curtailing demand and throwing the economy into a recessionary roller coaster.<\/p>\n

Instead of these external multilateral bodies putting the cart before the horse, they should be helping Eswatini to get loans to embark on full scale mining, agriculture, and manufacturing etc so that we move the pendulum from a consumer economy, to one anchored around productivity of finished goods as against simple raw materials. With our famous \u2018cheap labour\u2019 tag, we can then look forward to sustainable growth, reduced unemployment, which in turn would curb the social ills of rising crime levels and political turmoil that will in future pit \u2018haves\u2019 against \u2018have-nots\u2019. Democracy as an ideological option, can then flourish around ethics and morality, as against greed and corruption.<\/p>\n

Source: times<\/b><\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. One would argue that there is always a thin line between economics and politics, particularly on matters of fiscal policy. It is frustrating to note that the general commentary on the country\u2019s economic situation, is made predominantly by people who claim to understand economics, but on closer inspection, they are nothing else […]<\/p>\n","protected":false},"author":84,"featured_media":39858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[234,248,249],"class_list":["post-39860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nMOVE FROM CONSUMER ECONOMY - Eswatini<\/title>\n<meta name=\"description\" content=\"One would argue that there is always a thin line between economics and politics, particularly on matters of fiscal po ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MOVE FROM CONSUMER ECONOMY\" \/>\n<meta property=\"og:description\" content=\"One would argue that there is always a thin line between economics and politics, particularly on matters of fiscal po ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-12T06:21:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/12\/sm_1702349098.545719.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1660\" \/>\n\t<meta property=\"og:image:height\" content=\"1106\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MOVE FROM CONSUMER ECONOMY\",\"datePublished\":\"2023-12-12T06:21:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy\"},\"wordCount\":384,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/12\/sm_1702349098.545719.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/move-from-consumer-economy\",\"name\":\"MOVE FROM CONSUMER ECONOMY - 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