{"id":1533,"date":"2021-06-29T13:56:28","date_gmt":"2021-06-29T13:56:28","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=1533"},"modified":"2021-06-29T13:46:38","modified_gmt":"2021-06-29T13:46:38","slug":"mozambique-country-needs-competitive-economy-to-take-advantage-of-globalisation-economist","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-needs-competitive-economy-to-take-advantage-of-globalisation-economist","title":{"rendered":"Mozambique: Country needs competitive economy to take advantage of globalisation \u2013 economist"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a>. <\/strong><\/span>The chairman of the Mozambican Stock Exchange (BVM), economist Salim Val\u00e1 on Tuesday said that the country needs strong institutions, a competitive and diversified economy to take advantage of the opportunities of globalisation.<\/p>\n<p>Val\u00e1 pointed out the paths that Mozambique should take to make gains from globalisation, speaking to Lusa about the book he launched in Maputo, entitled \u201cGlobalised Economy &amp; Paradoxes of Development: Inconclusive Reflections\u201d.<\/p>\n<p>\u201cWithout being a failed state, Mozambique faces complex challenges that will take decades to overcome so that the country can write a success story with globalisation,\u201d he said.<\/p>\n<p>Natural disasters, armed conflicts and weak institutions prevent Mozambique from making a transition to a prosperous economy, he added.<\/p>\n<p>He pointed out that Mozambique\u2019s delay in taking advantage of the opportunities generated by globalisation is common to most countries, although \u201cWe have several notable examples of taking advantage of the opportunities of globalisation such as China, Singapore, Malaysia, Indonesia, South Korea, Cabo Verde, Mauritius, Seychelles, Botswana, Poland and the Czech Republic,\u201d he said.<\/p>\n<p>The ability to mobilise economic assets, diversification, strengthening institutions and the demographic dividend are key to making gains from globalisation.<\/p>\n<p>\u201cCountries that have better-understood globalisation and prepared for the process have been taking advantage over the last 30 to 40 years,\u201d he stressed.<\/p>\n<p>A country not prepared to take advantage of the opportunities of globalisation will fall into the ranks of the \u201cdiscontents\u201d, he said, paraphrasing US economist Joseph Stiglitz, who said globalisation is creating discontents.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. The chairman of the Mozambican Stock Exchange (BVM), economist Salim Val\u00e1 on Tuesday said that the country needs strong institutions, a competitive and diversified economy to take advantage of the opportunities of globalisation. Val\u00e1 pointed out the paths that Mozambique should take to make gains from globalisation, speaking to Lusa about the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":1532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,8,16],"tags":[233,281,283],"class_list":["post-1533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mozambique: Country needs competitive economy to take advantage of globalisation \u2013 economist - Mozambique<\/title>\n<meta name=\"description\" content=\"The chairman of the Mozambican Stock Exchange 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