Interaction for Leadership

1
Interaction for Leadership

• Macro environment

2
The creation of wealth

• National Income
• GDP to GNP
• Human Development Index
• How will Sierra Leone create wealth in the coming
  decades
• What do we expect for the future?

3
Circular Flow of Income
4
The main objectives of government

• Stable Prices
• Value of Money
• Purchasing Power
• Cost of Living
• Standard of Living
• Control of Money Supply
• Competitive Advantage

5
Trade Cycle
6
Stable Employment

• Demand v Supply of Labour
• Underemployment
• Demanddeficient, structural, cyclical, seasonal
  types of unemployment
• Skills, flexibility, mobility, adding value
• Links with anti-inflation policy
• Government action/social wage/protection

7
Unemployment
8
Stable Trade Flows

• Imports Substitution/Export Promotion
• Balancing factors of production to create
  capacity
• Developing a manufacturing base
• Intra trade
• Tariffs, quotas etc and collection of revenue
• Fair Trade/Access to other markets?

9
Building Growth
10
Stable Exchange Rates

• Fixed, floating and managed exchange rates
• Interest rate policy and other factors
  influencing the exchange rate
• Control of inflation
• Printing of Money
• Using outside assistance IMF etc
• West African common currency/market?

11
Tariffs
12
Tariffs - 2
13
Growth and Development

• The difference between the two
• Ingredients of economic growth
• Strategies for Development
• Which way shall Sierra Leone go?
• OPEN DISCUSSION!!

14
The international dimension

• The role of the African Union
• The work and future role of ECOWAS
• How might the Mano River Agreement be developed?
• Can Africa gain greater importance in world
  affairs?
• Seat on UN Security Council?
• ECA what does it give Africa?

15
United Nations

• IMF loans, terms/conditions/future role and
  influence in Africa?
• World Bank IBRD. IDA and other special funds
  how are these used in Africa and should they be
  changed?
• Debt how much/ of export earnings/ever repay
  it?
• Other sources of finance trade-off/problems?

16
The dilemma of post Keynes era?
17
European Union

• Common Agricultural Policy
• Development Funding
• World Trade Organisation
• What do you want from the 25, soon to be 27 and
  one day 30?
• See MY SITE lots on EU.

18
The future for Sierra Leone?

• How will she expand her external trade?
• How will she reduce import dependency?
• Main ways of adding value?
• Main markets/competitors?
• Capital market?
• How will she operate in the global economy?
• How can others help?

19
Future - 2

• New markets China, India and ASEAN
• NAFTA
• Euro Zone
• Regional Co-operation?
• Continent Co-operation?
• Digital Divide. North/South Co-operation
• Cultural Changes?
• What do you want to see?

20
Future - 3

• Flourishing democracy?
• Participation, inclusion and civil society?
• Human Rights, respect for minorities?
• Attractive base for the investment capital of
  others?
• What should you see in 2020, 2040, 2060?
• Lets talk the future for us!

21
Future - 4

• On line discussions on pre-agreed topic?
• Same on random issues
• Use of the net? www.johnbirchall-economist.com
• Lets think of ways in which we can work
• TOGETHER!