Re: ONLY VILLAGE CONMEN, WAIGANI THIEVES & FOREIGN INVESTORS WANT THESE MINES, LNG PROJECTJune 21 2010 at 2:54 PM
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Response to Re: ONLY VILLAGE CONMEN, WAIGANI THIEVES & FOREIGN INVESTORS WANT THESE MINES, LNG PROJECT
Social changes can only be effectuated by growth. Whether the catalyst is State run initiatives (Cubas health and biotech services) or private sector growth (US), the options are indeed limitless. We can certainly learn from what other countries have done. My comment is this, as an observer, the entrepreneurial culture deployed by PNG landowners is calculative, aggressive and highly dependent on prudent risk analysis models. They have deployed their skills in the commercial and business scene and as far as I can observe, these investments have a high yielding growth.
Ok, so the message is the same crap IMF,IFC,WB and any other aid and investment partner makes. But they have all missed the plot in the areas of truly believing PNGns are capable of making such investment decisions and actually stimulating growth in them. It has worked, and it has worked efficiently.
The point Im trying to hone in is that we are in effectively creating our own PNG private sector. Where capital venturing is raised and the prospective borrower invests either acquiring or merging the companies.
Why is this an important area of consideration? Well we are changing the face of business practices. Its not just about money, its also about empowering our people. Community Service Obligation models, training programmes, corporate structures etc applied are well resourced and have strategic outcomes. OK, these approaches are obviously unheard of in the corporate world but for the first time, PNGns are running the show and making these entities grow.
If this is the future of PNG corporate sector, well it looks brighter than ever. Its not waiting for government, its not waiting for donor agencies, its not waiting for multinational companies, its doing its own stuff and all the while, making PNG grow. So if that isnt progress and if thats thinking inside the box, well tell me what is the alternative???