Africans Must Learn: Trade Is By Batter Not Currency - Politics - Nairaland
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| Africans Must Learn: Trade Is By Batter Not Currency by googi: 2:12pm On Feb 12 |
Until we learn the importance of Trade from Ancient Times to Today that if you have no Exports to Offer, our currencies are going Zimbabwe dollars. You can only determine then negotiate the Price of what you Sell, not what you Buy. Selfishness, Greed and laziness have Blinded some of us. As long as we can import anything we want, no need to export. Until Arabs were able to dictate the PRICE of Oil through Oil Embargo, they sold at price dictated to them. " However, no country can survive on foreign income by importing everything without diverse exports for long. Our Youths were brought up on new and used foreign goods paid for by a single commodity: crude Oil from the Arab Embargo windfall. Before then, foreign money and imports were selective like every country in the world. This was the reason Naira was at par with British pound and equal to one and a half U.S dollars then." https://www.thenigerianvoice.com/news/330912/home-sweet-home-no-place-like-home-no-longer-sustainable.html |
| Re: Africans Must Learn: Trade Is By Batter Not Currency by Nawa4nl: 2:14pm On Feb 12 |
googi: 1 Like
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| Re: Africans Must Learn: Trade Is By Batter Not Currency by skj1377(m): 2:22pm On Feb 12 |
We have something called terms of trade. Example we can have a term of trade with Germany which could be something like this " 20000cubic feet of gas for 30 trailers, 30 excavator, 30 graders , 30 gravel quarry and 30 trucks. In this arrangement money did not change hands so corruption is eliminated. Once these materials arrive we can then give 1 set to 30 civil engineers at rentals while given awarding road rehabilitation to them afterwards. The advantage is exponential. 2 Likes 1 Share |
| Re: Africans Must Learn: Trade Is By Batter Not Currency by Chinaza06: 2:25pm On Feb 12 |
Yeah |
| Re: Africans Must Learn: Trade Is By Batter Not Currency by googi: 6:19pm On Feb 12 |
You are so bereft of simple logic to put forward in order to support your your point apart from senseless labels. Nawa4nl: |
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