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Angola: Balanced Integration of Economy in World Context Recommended
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Angola Press Agency (Luanda)
9 April 2008
Posted to the web 10 April 2008
Luanda
Angolan prime minister's assistant minister, Aguinaldo Jaime, said Wednesday in Luanda that the Government is creating the environment for the country's economy to integrate the regional and international context in a "fair and balanced" way.
Speaking at a seminar designed for top managers, Aguinaldo Jaime assured that the country, as a less developed nation, will continue taking advantage of the facilities provided by the multilateral and regional treaties, to create the environment favouring a balanced integration of its economy into the world market.
According to him, the purpose is the recovery of the productive sector so that the country remains less dependent on imports. He added the government is seeking to act on both macro and micro factors that affect the competitiveness of the economy.
He also mentioned the investments made in the social sector, mainly in the rehabilitation and construction of social infrastructures like schools and upgrading of teachers.
On the other hand, the official said that the protection accorded by the Government to entrepreneurs should be seen as a means enabling it to build capacities for them to successfully meet competition from more developed markets.
"Experiences from other countries show us that when protection is taken to the extreme, either through tariffs or import quotas, the results are desolating," he stressed.
Aguinaldo Jaime further stated that the countries that followed this path have but attained "inefficiency and exhaustion of budgetary resources. So our path can not be this," he asserted.
He, however, defends a "temporary protection" that enables the creation of competitive capacity, on equal footing with more advanced economies.
The two-phased event, with the first going until Thursday and the second on April 16-17, is being attended by 40 participants.
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The seminar is going after two complementary methodologies: the Harvard school method, under which the participants learn that solutions and the results are rarely evident and that the managers often make swift decisions based on little information, as well as in the form of conferences with specialists.
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