I am sorry the entry didn’t came out correctly when posted yesterday.
It was on the MSN messenger, that a friend of mine put this as his personal message for his friends to see, ‘600m for non-urban development, and 400m for the new palace’
I must confess, I myself was struck by this statement.
Cut the crap of multiplier effect, income generation, expanding growth, increase employment etc etc….
In my opinion, the latter pork belly project will never give as much effect to the economy as the former, I can prove you that. No need to prove really, someone with a sane mind would have understood my reasoning.
In reality, to shift the production possibility frontier of a nation, in long run, nothing can be done except by increasing the population or human capital or by R&D. Regardless of how much the government of any country spends, the long run output will eventually go back to its natural level of output. Unless as mentioned before, if the government spend on R&D and human capital, there is a probability of the country catching up with other developed nations.
Truly speaking, anybody can built a magnificent building or infrastructure as long as he has money. And the question is, does the number of magnificent building really shows the degree of development of the nation? Certainly not. But the thing is, the contrast answer is what some of us believe. For them development goes hand with hand with magnificent building. Look at the 10 Downing Street my friend if you disagree with me.
There was one demand though from people who live in one village in one of the island in one country. They questioned on why the urbanisation is only concentrated on certain part of the island, but not in their village. My question to them, if their village were to be urbanised, are they going to be better of? Not because of me envy to the economic advantage of the other race, as me myself is pro-capitalist, history has shown us, enticed by money or force by the authority on the reason of urbanisation, the land inherited for hundreds of years were sold to the other race. Yet, this is the very people who questioned the question above. Do not blame the system by saying that it is unfair, when we ourselves do not grab the opportunity provided by the system. Because of this, in the end, the problem of economic disparity among races will perpetually reoccur. We will leave that issue for the moment, otherwise some of the people from my own race will hate me.
The leader and the people in North Korea might presumably want to have the best weapon in the world. Their view might be, to be a developed and powerful nation, we have to have a good military infrastucture and weaponry system. Based on the reasoning used by some of our people, can we really say that North Korea is a developed nation? Once again, certainly not.
My advice, don’t rely on the the narrowest scope of development (i.e by looking at the infrastructure alone) to be a developed nation, but look development at its broadest scope.
Someone influential in my country once said, ‘What’s the point of having first class infrastructure when the people have the third world mentalities…’
