Ouch! The bait is already in the trap. "We can get rid of our foreign
debt by using oil export revenue!" But you are already dependent on
imports. Externalizing your economy to support the export market will only
make you more dependent on imports in a vicious circle. You don't need
foreign money, borrowed or earned. You need to produce for yourselves
using your own labor.
Ouch! The bait is already in the trap. "We can get rid of our foreign debt by using oil export revenue!" But you are already dependent on imports. Externalizing your economy to support the export market will only make you more dependent on imports in a vicious circle. You don't need foreign money, borrowed or earned. You need to produce for yourselves using your own labor.