Value Dominance

As I think through and analyse the dilemma of development, I have found some ease in dichotomising economies of the world into: active and lazy economies. 

Since I intend for my presentation to stimulate inward-looking activities for possible structural transformation, I have depicted a scenario where active economies dominate the thought, culture, activities, and markets in the global economy.

To my mind:

Lazy Economies 

Are countries with little or no processing capacity, that thrive on raw commodity exports, experience premature deindustrialisation, and tend to consistently lose their accumulated stock of human capital to brain drain. 

Active Economies

Are countries with established processing capacity, that thrive on manufactured exports and high-tech services, build talent, and grow human capital stock to create value within and outside their national borders.

In lazy economies, as value-adding activities become more intense and concerted policies become more sustainable in outlook, countries can move along the continuum of development. 

Active economies tend to be net gainers of human capital while lazy economies are net losers of human capital.

Sustainable economies are more likely to be circular economies. Circular economies are countries with thriving sustainable and climate-friendly ecosystems, that thrive on green processing, manufactured exports and high-tech services, build talent, and grow human capital stock to create value within and outside their national borders.

...

All economic agents can work to grow active and circular economies for all.

#Sustainabledevelopment 

#Value

#Structuraltransformation

#Development

#Humancapital

#Braindrain #economy #sustainable #culture #markets #work #tech #climateaction #diversity #SDGs #Industrialisation