MONEY circulates within an economy just like the water cycle does within the environment.
The nature of money is to remain in circulation, to keep changing hands. The faster and more often this happens, the healthier the economy is.
The current Namibian economic situation can be likened to a drought. There is little money inflow into the country, thus people are holding onto the little money they do have, in the fear of it not returning once spent.
However, the solution is quite simple. Christiano Ronaldo, a 32 year old football superstar was just recently sold to Juventus for 100 million euros at the end of his career
Anyone who watches football knows that any player over the age of 30 is usually sold cheap because they are not likely to be sold again. Therefore the club would never be able to recover the investment.
The fact that Ronaldo was sold for this amount of money means that there is a large surplus of money in western countries, which could be likened to a flood.
The job of Namibian politicians, economists and even engineers is to create projects that would warrant the international community to invest or loan their foreign funds to us to complete these projects.
We must bring the clouds of rain from the west into our economy to fill our empty wallets and bank accounts once again.
The plan is now clear, are you willing to play your role to get the job done? The answer should be a resounding YES.
Civil Engineer, NUST
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