By James Jornyoun, Contributor.
The path to people advancement starts with the provision of a system of access to utilizing their potentials. Through a system of access people are empowered to function in building a value of economic sustenance. The time for developing countries to turn their wealth into work is now. With the enormous wealth in the possession of African Nations, one would think that most of the countries in Africa would have been above the poverty line. This caught my attention in creating awareness as I began to think in relation to the labor force in Africa as to where it stands in the New World order of hi-tech, productivity, education, economic growth, social development, and innovation. With the new age of technological innovations, nations have to start thinking about tomorrow. The future of each country is based on the economic strength of the people. When a nation makes sound economic decisions to prepare its people for future opportunities, that nation is bound to succeed.
Acquiring the proper knowledge, skills, and ability that will move nations to the next level cannot be underestimated. In order to be competitive people have to be productive with the mindset of providing for the future, by finding a better way to bring into existence something for the good of everyone. Thinking of tomorrow is the road map to social and economic advancement. The strength of any nation is the development of its workforce through functional skills and economic sustenance. In a July Bloomberg News report, the unemployment rate has risen to 25 percent in South Africa. According to the report, people without job surged 174,000 to 4.5 million. The Treasurer General of the African National Congress Matthews Phosa said that the unemployment levels are unacceptably high and pose a risk to the stability of South Africa society.
The trend of high unemployment rate is very visible among nations in Africa. The unemployment number in some African countries could be incredibly high. The need to reduce the high variations in the living standard of the people has to be addressed by initiating a process improvement for Africa Workforce. The essence of continuous improvement exists due to expected or unexpected variation that occurs in every system. The mechanism of process improvement is the moral fiber for any system to rise above variations that causes downward trend. Slower growth occurs when a nation fails to provide means that stimulates growth and development for business enterprise in creating jobs for sustainable social and economic advancement.
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The correct utilization of workforce leads to sustainability and economic growth. Brazil, China, India, Japan, Malaysia, and Singapore have taken the lead in the proper utilization of workforce development to get their people out of poverty. To rise out of poverty, nation must learn from other nations as to how they managed the process of getting out of poverty to provide work for their people. It is very important to learn how to manage the process of getting out of poverty. By learning to manage the process would help a nation to manage its wealth and keep its people out of poverty by providing a sustainable economy.
The abundance of wealth in the possession of nations in Africa cannot automatically transform the developing nations’ status into the status of developed nations without transforming the representation of the wealth in the people. If the possession of the abundance of wealth could automatically transform the developing status of countries in Africa into the status of developed nations, then by this time all the nations in Africa would have been called Developed Countries. By investing in the well being of the people through education, economic growth, social development, innovation, productivity, research and development, training and technological advancement, exemplifies the ability of the people to move their nations forward.
The Law of Supply states that the quantity of product supplied in a given time period is usually directly related to its prices, other things constant. Therefore on the other hand I would say if the basic needs for the creation of economic growth are not supplied then there is a creation of scarcity and this is why most of the time underdeveloped nations operate from the point of shortage. As a result, these nations tend to consistently borrow from the Western nations and in most instances the people tend to survive on handout instead of handoff. With the current economic downturn taking place around the World, people in developing countries are also hit by this downturn because of the fact of the matter that friendly nations that usually extend helping hands might decide to reduce aid. The need for economic advancement cannot be underestimated, so instead of focusing on oneself there is a need to create opportunities for people development and technological advancement.
In conclusion, I will leave you with a quote from President Harry Truman of the United States. President Truman said, “It’s a recession when your neighbor loses his job; it’s a depression when you lose your own. It is time to start creating opportunities for the people and start thinking of tomorrow. I would recommend readers of this article to read about the economic development history of Brazil, China, India, Japan, Malaysia and Singapore, as to how far they have come to be where they are today.
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