Itrah wrote:TheMightyNomad wrote:In otherwords secular liberal filth nation and cultural orphans of the west?
You guys are confused you want us to go from one extreme end to another.
Economically liberal. Not socially liberal.
If companies want to do questionable shit in Somalia, let them. Look the other way for about half a century.
That is what China did since the 1980s, although with a bit more government control. But I would do even less government control.
It depends what you mean by "look the other way". Companies doing business in a country doesn't automatically mean economic growth and prosperity otherwise South American countries that bowed to free-trade deals in the 60s-80s would be on par with China, Korea, Japan, Taiwan etc.
The way I see it. Somalia only benefits marginally if it approaches the economic policy in a liberal/laissez faire manner. You want foreign companies to come in pay their taxes, employ Somalis, pay fair wages, and bring new technology. You also don't want huge competition for your infant domestic companies so you raise import tariffs, taxes on foreign corporations, give subsidies to developing domestic sectors and lower the domestic tax rate to increase spending.