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Which policies can help small businesses withstand COVID-19

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Small and medium sized enterprises (SMEs) and their employees are an essential part of the social and economic fabric of daily life worldwide. This vital role is now under threat from the unprecedented effects of COVID-19. We face the real prospect that a global recession becomes a depression.

In this situation, controlling the pandemic, maintaining workers’ incomes and minimizing the long-term costs of collapsing businesses are essential. Much action is underway, but more ambitious programmes and international assistance to developing countries are urgently needed.

Interventions should start with clarity on the top priority; that is, treating the infected persons and controlling COVID-19 infection curves. The response should recognize the temporary nature of the shock. Measures should be at both the micro and macro levels, with consistent and complementary goals, backed by solid monitoring, so that they can be maintained, adjusted, or phased out as appropriate. Use of resources should be maximized, beyond the usual parameters.

Different aspects of the crisis require different actions. The main phases are; (1) generalized inactivity due to the halt of economic and social activities, to prevent the virus spreading. (2) Reactivation of business activity once the virus spread is under control. (3) Recovery to pre-crisis conditions. The duration of each phase is and will remain uncertain and the timing to support workers, firms and households should therefore remain flexible.

Both formal and informal economic units would require significant support. This is an opportunity for all economic units to emerge from the shock and become part of a better integrated and accommodative market economy. The fundamental need is to support entire economic systems; the ways to reach informal units vary from country to country and data availability.

Combining strong government capacity, tripartite dialogue, and joint implementation with local and sectoral players will be essential, to allow for action that utilizes clear information, coherence and efficiency. To ensure rapid responses, announced programmes should be communicated with as much detail as possible, using existing social and economic mechanisms.

There is consensus that there will be huge, unavoidable, economic costs and a significant increase in public debt will be needed to absorb an important part of the loss of income. The challenge is to contain as far as possible the widespread defaults that could lead to a prolonged global depression. Mario Draghi (the Italian economist who served as President of the European Central Bank until 2019) reminds us that higher public debt levels will become a permanent feature of our economies, accompanied by some degree of private debt cancellation if jobs and productive capacity are to be maintained. The crisis requires clear funding instruments, in the form of either large stabilization or emergency funds, integrating the different initiatives into a coherent strategy with clear goals.

Firms’ most urgent requirement is to access cash and reduce operating costs. These critical needs can be supported with measures such as emergency interest-free loans or cash grants and suspending or deferring the payment of fixed operating costs. Bureaucratic requirements on business activity should be minimized.

Monetary policy is already making major contributions and a solid, coordinated, strategy involving monetary and financial sector policies and private banks’ participation is essential. Although the banking sector is entering the crisis with sufficient capital requirements, financial sector fragility can arise from large levels of public and private debt. Under current conditions, we have to face the necessity of different options for debt resolution and restructuring, and for some debt, the possibility of write-offs and re-conversion to long-term, low-interest, loans. For the smallest economic units, new programmes to channel micro credits through micro financial operators should have ambitious aims, but supervision and support are key as micro finance institutions can face large defaults in their portfolios.

Helping firms retain staff is crucial. Grants to support wages, training, productivity improvements, and the development of new products and services can help avoid layoffs. At the local level, assessment programmes can help firms understand local conditions, and link to production and business networks more effectively. Digital platforms can be particularly effective in collating information and data to give a better picture of local markets.

Our experiences with COVID-19 can have a positive legacy if we use it to help firms review their productivity and use of technology, and update management practices and procedures. If the right business environment is nurtured, the COVID-19 shock could create new opportunities.

The challenge is immense but so should be our commitment to respond.

ILO

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North Macedonia’s Journey to the EU

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Prime Minister Zoran Zaev’s new cabinet is confronted with a number of economic challenges, exacerbated by the economic hit to the global economy caused by the pandemic In 2021, North Macedonia will take economic decisions that will shape the course of the country’s future.

The issues Skopje faces

Despite a modest population of 2-million, North Macedonia repeatedly makes headlines, often due to apparently  intractable disputes with neighbouring countries. Athens’s trade embargo imposed on North Macedonia in the 1990s marked the start of a 27 year deadlock between the two countries, which ultimately stalled North Macedonia’s accession to the EU. Only recently did Skopje resolve the dispute with neighbouring Greece over its official name which Greece had previously taken issue with due to the fact that ‘Macedonia’ is also a region of Greece, and the use of this name was interpreted by Greece to be an assertion of territorial ambitions in the region.

This dispute affected the country’s other diplomatic ventures. In 1999, North Macedonia was one of the first post-Yugoslav signatories of the NATO membership action plan, only to have its accession vetoed by Greece in 2008.  Ultimately, North Macedonia’s Stabilization and Association Agreement with the EU has not been the diplomatic catalyst that Skopje hoped would ease  localised tensions and draw it into a closer relationship with Brussels.

Under the leadership of Nikola Gruveski (2006-2016), corruption and state capture were endemic in North Macedonia. Gruveksi was averse to opening negotiations with mainstream governments in Greece and it was not until the centre-left Social Democratic Union of Macedonia ousted  Gruveski out of power, that there was a breakthrough. Gruveski’s successor, Zoran Zaev, capitalised on Greek Prime Minister Tsipras’s reformism to broker the controversial Prespa Agreement which settled the name dispute. Two years later, North Macedonia was finally admitted to NATO, demonstrating that Greece was the final hurdle to NATO membership.

A tamed economy

However, North Macedonia soon found that NATO membership was not a passport to joining the EU. Internal ethnic tensions have created friction with EU member states. Relations with Bulgaria soured during the election campaign for July 2020 during which the campaigns of both main political parties played on anti-Bulgarian sentiment..Zaev managed to gain power by agreeing to a coalition with the main part of the Albanian minority.  The new cabinet’s economic hurdles, specifically fiscal redistribution, could be exacerbated by renewed ethnic tensions between the Slav majority and the Albanian minority. Should tensions reach the levels of the 2001 civil conflict, the deepening of this fracture would   slow down reforms and deter investments.

Bouncing back after the fall

The Balkan countries suffered greatly during the Great Recession due to their proximity to the Greek economy at a time when Athens navigated the worst slowdown of recent history. As Greece’s second largest export partner, the RNM was particularly hard hit(Figure 3a). The region had barely entered recovery before lockdown measures crippled world economic growth. In addition, North Macedonia’s small internal market is heavily reliant  on external demand which the crisis has depleted. In Q1-Q2 2020, exports fell by 22.3% and industrial production by 14.6% compared to the same period of the previous year. Thus, GDP fell by 14.9% in Q2 of 2020 and another 3.3% in Q3 contrary to the  projected 3.2 percent growth (Figure 7). Whilst forecasts suggest growth of 5.5% in 2021, the unpredictability of the pandemic’s economic influence may yet compromise this figure.

Meanwhile, rating agencies downgraded North Macedonia’s national debt, in turn raising financing costs. the RNM’s debt was downgraded by some rating agencies, raising financing costs. Fitch, the American credit rating agency, as well as  Moody’s, another US-based credit rating agency, both value North Macedonia’s debt as a non-recommended investment asset to be reserved for short-term gain. Since May 2020 the outlook has been negative, suggesting the situation will worsen. Yet, with one of the comparatively smallest debt-GDPs of the region, these ratings are still the best in South-Eastern Europe after Bulgaria meaning the RNM has a relatively solid economic base (Figure 4).

The country’s effective response to the pandemic is in part the reason that North Macedonia is economically stronger than some of its neighbours. The caretaker government introduced a furlough scheme, worth approximately 5.5 percent of GDP, as well as a helicopter money initiative. Going forward, the government is prioritising policies that will stimulate economic growth such as slashing parafiscal charges and cutting VAT. Yet, since North Macedonia lacks the economic resources to commit to long-term reform, recovery will be slow.

North Macedonia’s Shifting Demographics

North Macedonia is contending with mass emigration in tandem with declining fertility rates  (Figure 5) — both of which reduce human capital. The official estimate of two-million residents is dubitable, with some experts hypothesising an actual figure of approximately 1.5 million. Inaccurate projections of a state’s total population jeopardises effective government decision making. In the RNM, where the resources are redistributed amongst ethnic groups pro quota, this makes fiscal management particularly difficult. If, for example, the proportion of Albanians of the total population was lower than estimated, then this group will be receiving more public resources that they are entitled to.

Given that the EU acts in a starkly-protectionist way by restricting trade with third countries, greater cooperation is in the RNM’s interest. In fact, Brussels could reduce trade barriers in the context of a stronger association with Skopje even before the latter formally joins the Union.

There are steps the government can take to encourage citizens not to emigrate . The first and most crucial step would be to improve the education system. Overall, North Macedonia spends much less of its GDP than the average EU country on education. As a result, few people complete their secondary-level education, and therefore either end up in low-paying jobs or unemployed, andare forced to emigrate for work. Another step would be investment in the underfunded Research and Development (R&D) sector. In fact, North Macedonia’s budget allocates only 0.36% of GDP to R&D, compared to an EU average of 2.2% and neighbouring Bulgaria’s 0.77%. Research and development is essential to creating high-paying  jobs, driving productivity, and boosting the economy through innovation and market competition.

Infrastructures as the drive for future growth

The silver lining in North Macedonia’s economic strategy is infrastructure development. This especially true for roads and highways. Grueveski’s administration was instrumental in the investment into road infrastructure,  starting works for two new highways in 2014.

Still, roads can be rather useless if they do lead nowhere. Thus come trade infrastructures. In addition to new road, the building of new border checkpoints and crossing points with Greece and Bulgaria, will bolster the trade infrastructure that North Macedonia shares with the EU, thereby driving trade with a global economic powerhouse. These investments will also reduce the RNM’s dependence on the Yugoslav-time north-south arteries, which currently present a barrier for the development of the “functioning market economy” that is a requirement for EU membership. To achieve this goal, the RNM needs to improve, road connections towards the west (with Albania) and the east (with Bulgaria, an important trading partner). Building better connections within the country and with non-Yugoslav neighbours will boost the country’s internal cohesion by making it easier to move from one part of the country to another proving supplemental infrastructures to foster international trade.

Figure 6 Highways represent a key segment of the RNM’s investments.

A secondary and related benefit of improving connectedness with EU trade routes is reduced economic dependence on Russia. This should reduce Moscow’s potential diplomatic leverage in future disputes in the region. As a matter of fact, pulling out of Moscow’s orbit is almost a precondition to full membership in the EU — which would bring in more funding opportunity and increase financial stability. Yet, Russia’s main asset is not trade tout court, but energy. In fact, the Balkans serve as  a strategic crossroad for oil and gas coming from Moscow and Baku through Bucharest and Ankara. Thus, North Macedonia should also consider developing its energy infrastructure as a route to closer integration with the EU. In order to reduce the Western Balkan’s dependence on Russian fossil fuels, the region needs investments. For cash-strapped countries, like North Macedonia, the opportunity to make real progress in this field may come from ‘green’ funds the EU has earmarked for energy projects in both current member states and candidate countries . In addition, Greece has established an LNG terminal on the Aegean to which links the RNM is planning to adjoin its grid. There are also talks of an electric-grid link to Albania, through which the RNM could import as much as needed and even export eventual surpluses.

Forecast: The RNM can make it… with some help

Without radical reform, the extant corruption, bureaucracy and public-sector inefficiency will stymy growth in the coming years. Luckily, the EU might be the answer to Skopje’s economic woes. The Union is expected to grant €3.3 billion to Western-Balkan countries to kickstart economic recovery following the pandemic. The package does however come with strings attached: the country will have to accelerate progress towards regulatory harmonisation with the EU. This is a notoriously difficult and resource-consuming task, which may hinder other reforms.

Furthermore, North Macedonia must confront pre-pandemic economic struggles. The government could revert to coalition infightings and therefore prolong the process of economic reform. For investors, a cautious approach is recommended, in preparation for positive economic developments.

Acknowledgments The Author thanks Charlotte Millington, parliamentary researcher at the UK House of Commons specialising in European politics and international security for her suggestions.

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How to incorporate the environment in economic ventures for a sustainable future?

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We are in the phase of world history where economic development and protection of environment must go side by side. People living in the developed part of the world will hardly want to give up their current lifestyle and people living in the developing part want to be more like the developed but in this process, we cannot separate environment from economy. Environment provides the incentive for economic growth and prosperity; providing the raw materials and resources we need for production of goods, certain climates and temperatures are required for the growth of specific plants and are very crucial to agriculture industry and the environment is what absorbs the pollution and waste we produce from all this industrialization. Protection of the environment means we mark ourselves safe from economic degradation and provide safe space for healthy functioning of economic and social activities. If we preserve the environment we control the risks of drought, heat waves, cold spells and floods, regulate the air quality, the temperature, the climate, the clean supply of water, the contamination of soil, cycling of nutrients in the ecosystem and management of carbon. Since agriculture can be regarded as the primary industry, crucial to feed people, people who then operate other industries, it is very important to safeguard the environment that feeds us and nurtures us and the environment that we live and grow in. Today, the world economy is facing serious environmental hazards. Climate change, loss of biodiversity and ecosystems are some of the global problems that need immediate collective action by states since this issue engulfs the whole of mankind. Therefore, economists and environmentalists have in the recent years taken this subject with full zest. How can economic growth and environmental protection go hand in hand? Environmental policies integrated with economic policies can be implemented and pursued by states to ensure sustained and prolonged environmental human well-being and continued simultaneous economic growth for states both at the national and international level, ending in a win-win situation.

Natural resources are salient to economic development but at present many prime resources and ecosystems are depleting which poses a grave situation for states and their economies. To tackle this concern, natural resources need to be used in a reasonable manner and adopting and improving technology be propagated in such a way that the use of natural resources is made more efficient and long lasting. Use of newer and modern product designing which meets the needs of the current times, needs to inculcated. The consumption of natural resources beyond the point that hampers economic growth also needs to be avoided. The vitality of technology and innovation in limiting environmental hazards is being stressed, this is also beneficial for businesses and industrialization. This is because preservation of environment is itself a form of economic development and growth. People who come up with the ideas and engineering for environmental friendly products; such as the water and air pollution control, treatment and purification technologies, make money and businesses out of these services, thus contributing to the economy. Similarly, wind mills and solar systems are now a multimillion-dollar business themselves. If environment protection is putting some older technologies and practices out of work, it is also creating incentives for modern technologies and creating more job opportunities in the field. States should thus, make an industrial shift to equipment and products that have a low carbon usage and efficiently use resources. In the real estate sector, places with better and healthier environment and surroundings are priced more than other counterparts for example, a building next to a park or green belt will have higher value than a property which is not next to any place green. This points to the concept of “hedonic pricing.” It refers to the difference in pricing due to the associated environmental aspects, in otherwise similar products. Better environment also contributes to the development of human capital. The presence of a green park will not only add to beauty and better air quality but it will also encourage a lot of people to physically exercise.

Due to the growing scarcity of resources, governments of the world should introduce the policy of “common property regime,” which avers that resources such as land, water, certain habitats and the atmosphere be made common property for all. The problem is that there are no property laws for these resources and people use it as a free dump for human waste and waste products from economic activities. This includes various water bodies for example, irrigation systems and canals, forests, fishing areas etc. Concise and clearly enforced rules should be put in place, exercising the limits put on some activities such as excessive fishing or cutting of forests, putting a limit on the accessibility to these resources, keeping a check on the carbon footprint of some groups, organizations or events or even putting some specifications on their use such as tax or making recycling or reuse mandatory. The shift from already existing practices to newer ones that are more environment-friendly will be costly and it will take time but it is more important now than ever and more beneficial for us in the long run. Environment policies of these sorts reframe the economic structure. The cost of using these resources should be closed in according to the social cost of putting the health of the public at risk. Restructuring of the economic and environmental structure helps a country’s economy by lessening the environmental hazards that the country might face and by making the state more buoyant and resilient in the face of these environmental changes and risks. This can also prove to be a powerful driving force for innovations and ideas.

States are often in the race to increase their GDP. GDP only measures the material values of goods and services and does not take into account the well-being of humans including the health and education quality, living standards, income and environmental conditions. Economic growth, nonetheless, is a prime force for improving human well-being and states incorporate social, political and environmental goals in the well-being domain through these economic activities. The Kuznets curve is a graph to explain the relationship between the growth in economy/GDP and the quality of environment. States can keep this model in mind while reformulating their economic and environmental policies, in accordance to the history of environmental degradation they have endured and the future remodelling they need to follow. It is characterized by an inverted U-shaped relation between GDP per capita and environmental quality. Since we have already crossed the point for environmental degradation, it is now time to think for the decline in the degradation. Initially, when the GDP grows, so does the degradation of environment but after a certain point, the increase in GDP no longer degrades the environment further. This is because at lower income levels, the income is completely spent on meeting the basic survival requirements. When the income increases to a certain point, people and states should start thinking of the bargain that material does with the environment, this should be reflected in their behavioural change. After this point, states should start giving up further unnecessary consumption and focus more on environmental rehabilitation. Another possibility seen through this graph is that industries might see profit in enhancing production quickly, but as demands are met and resources become scarcer, more green, cleaner and resource efficient technology is introduced. Societies, in this way, also go from agriculture-based economy to manufacturing-based economy and finally to service-based economies, releasing the lowest levels of pollution. An example can be of EU rules and regulations. Waste water used to get dumped directly into the streams or rivers, but now it gets treated first before releasing. There are barely any housings left in the EU now that are not connected to solid and water waste disposal and treatment networks.

If states and the firms operating in those states take up eco-innovations and eco-friendly measures, they will actually be at advantage because investors like banks and various funding institutes are more likely to invest in sustainable businesses that will stay operational a long time, than those that are dependent on the environment in these challenging times. Firms that run on eco-friendly terms will also stay ahead of the taxes and regulations charged on using environmental resources. This will prove to be very cost efficient for them and they will not have to change their action plans according to any new regulations or increases in costs. Greener and cleaner practices and equipment can also truly reduce the waste an industry produces, in turn increasing the output and ensuring sustainability. This adaptation to cleaner practices can also lead to innovations and new ideas and practices starting right from the household or individual level. UK is one of the countries that is high on the ranks of eco-innovations, thanks to general understanding and cooperation among firms to pursue sustainable development. Furthermore, statistics show that companies that are currently focusing more eco-innovations are growing at the rate of 15% annually while their counterparts that are not focusing on the same, are not enjoying any climb in their profits[1]. Most of these businesses (based in Europe) are small to medium scaled and they are adaptable in nature. They are benefitting from the European commission’s stance on promoting eco-friendly businesses. Public Relations advantages and marketing superiority is also pretty clear in eco-innovation ventures.

A commendable example of improving the environmental conditions while also not compromising on the GDP and economic development, is that of China. China has been time and again accused of having a huge carbon footprint, which directly impacts the ozone layer which is communal to all mankind. States that are not even at par with the fumes and industrial waste that China produces, are today in the list of states most affected by climate change and global warming, including Pakistan and many of the Gulf nations. China has thus taken the role of global leadership in the field of environmental protection. China has been standing true to its 2015 Paris agreements on cutting down of greenhouse emissions. It was able to do so by spreading awareness and education from the grass-root level. In the period of only a few years, China has drastically improved the air quality in many of its larger cities. Solid waste management and sorting is a major step taken to restrict illegal dumping of garbage. Restrictive policies and heavy fines are imposed if an individual breaks the rules. Renewable energy generators like the wind and solar panels, have been put to use to meet nationwide energy requirements, which ensures cost effective power. In the year 2017, China nationally introduced the concept of “National emissions trading system,” which formed a market for the buying and selling of carbon dioxide emissions allowances. It regulates the quantity of emissions and carbon footprints that an individual, firm or an event is allowed to produce. All of this simultaneously helps China to become more energy sufficient and assists economic reforms while also improving the quality of ground-level air. Some states in the USA are taking up the initiative of green or clean economy with full fervour. California for example, set a target to achieve carbon neutrality by the year 2045, while the clean energy sector is also opening opportunities for jobs. One of the incentive taken in the goal was stricter vehicle exhaust emission rules[2].Nevada also passed a legislation to increase the energy it makes to up to 50% through renewable energy sources, by the year 2030[3]. Rules and regulations have also bene proposed to reduce the emission of harmful air pollutants including those that are short-lived such as methane, CFCs and HFCs. Developing countries like Pakistan have also addressed the climate issue and the Pakistan Premier launched the “Billion Tree Tsunami” plantation campaign to curb deforestation, an issue rampant in the north of the country. In conclusion of this paper, in light of all the examples and recommendations, I would say that the long term benefits, mutual to all, outweigh the costs of taking a leap from existing economic practices to those that are eco-friendlier.


[1]“Eco-innovation for better business,” Business Green, accessed October 23, 2020, https://www.businessgreen.com/sponsored/2409410/eco-innovation-for-better-business

[2] “California Air Quality: Mapping the progress,” U.S News. November 6, 2019.https://www.usnews.com/news/healthiest-communities/articles/2019-11-06/california-air-quality-mapping-the-progress

[3]Chandler Green. “7 ways US states are leading climate action,” United Nations Foundation. May 30, 2019, https://unfoundation.org/blog/post/7-ways-u-s-states-are-leading-climate-action/

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Future of Work: Next Election Agenda 2022

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During the last millennia, never ever before did the global populace ended up inside one single test tube? Observe, the commonality of the pandemic problems, nation-by-nation, city-by-city and person-by-person how  simultaneously and harmoniously the sufferings spread out arousing questions, forcing new thinking on global focalism demanding new alternates for losing faith in institutions and their own governments and economic models.

Every few decades, now and then, there have been many similar shifts of continental restlessness but never ever on such an entire global scale with so many identical similarities. Ignoring this global behavior by national leaderships will become a big jolt in time. Now Covidians; pandemic experienced fighters and survivors of body bags, sufferers of isolation, quarantine, or occupational displacement replacement, and misplacement now harmoniously they are calling out…aloud.

The world may hear their callings; listening is now for the national leaderships:  The global populace today is far more knowledgeable about what current political punditry capable of measuring and alternately prefers using dog-whistle rhetoric to score points on tribalism. If there are some 200 nations, some 10,000 cites, there are also some 100 national elections scheduled within the next 500 days… national leadership must demonstrate their literacy to read futurism. Identify their local teams with the right expertise to address national challenges, urgently respond with right answers, and develop clear narrative to address realities.

Here are some cold facts and some warm realities.

The New World: The post pandemic vaccinated ‘world’ would be a dramatically different world; some 50% of the workers of the world may not return. Some 50% of big and small businesses simply may never open and some 50% of “business + real estate + education + travel + consumption” models may change forever. The behavioral economical impact may linger for decades. So what will happen?

The New Economies: The Post pandemic ‘economies’ will be dramatically different; before the pandemic, in slow motion, the middle class economies the western world systematically destroyed, now current cycles making the upper gatekeepers of the cash flow many, many times stronger and the bottom feeders many, many times weaker. The wide chasms will create divides, force new thinking. So what will happen?

The New Technologies: The post pandemic ‘technology’ will morph the new world with new speed; execution and deployments in all directions, because the top layers of wealth have now all the required budgets powers and skills far more greater than what their own national leaderships can ever handle. National leaderships must demonstrate enough skills or obediently become Oligaristan and take orders.  Observe how many big and small countries already trapped like this today. The future is also about global-age speed. Such global scale transformation would be comparable to when ‘horses’ were replaced by ‘trains’ but it took over a century. This time such styles of behavioral transformations will happen just one afternoon. Like a switch, either you are in or out. Humanly adjustments will create shocks strong enough to slowly crack open the mind to face the new truth.

The New Future of Work:

Observe the hyper-accelerated advancements of technologies around the world and deduce how within this decade it will easily eliminate all physical involvement of humans from daily ‘work’. The human body, physicality and muscularity, the hands, feet, pushing, lifting, moving, stuffing, all taken over by technology and thus leaving humankind all alone, segregated, isolated as an advanced specimen of unique experiences and sufferings no matter how fallible the outcome becomes but left only  to ‘think’.What will happen next when the global populace becomes “thinker-gatherers”?

Occupationalism: in search of new definitions and meanings on the future of work: The centuries old 9-5 model morphing into a 24x7x365 virtually alive model.  Banned, should be commuting and cubical-slavery as inhumane, a new world of efficient-productivity and respectful occupationalism arises. Is now the time to get rid of HR as a fake abstract power of pushing and channeling human bodies in bureaucratic mazes rather uplifting to entrepreneurial adventures and global-age performances? Is this time to throw away mismatch-business-titles and find real experienced tactically trained coaches and experts to reorganize business models, where superior performances to compete on global stages become the basic platform of the enterprises?

If the vaccinated world is a few years away, the normality of economies still decade away. Stop currency-printing presses as without productivity nations start looking like dominos lined up for a fall. Now survival is not money but real performances on real value creation and not value-manipulations.

Election Agendas: only smart Leaderships will create smart economies: Rejuvenation of a nation only achieved with grassroots prosperity resulting in socio-economic-cultural progress, able to strive dreams to create harmony. No, this is not a Normal Rockwell’s canvas, this is an awakening reality; where hungry for honest work for honest living and starved for respectable occupation on principles of common good, screaming in silence is the global populace. Are the national leaderships ready to hear this low frequency calling.

Unlimited printing of currencies will never save economies; It is the upskilling of citizens and reskilling of small and medium businesses and mini-micro-medium manufacturing intensely deployed to catch up the skills gaps lost during the last many decades. Only possible when all national agencies already mandated to foster economic growth reflect appreciation and equally all trade groups, associations, chambers type related bodies have the necessary skills to articulate and practice in such specialized arenas. A new global map of economy is emerging, calling new expertise.

Primarily, pandemic recovery also taught us new global-age mantra; “Constant learning, constant disruption, constant advancements, constant dialogues” All moving in simultaneous synchronization and with collaborative engagements for common good, all designed for all to grow together, hence, now new definitions urgently required;

Key Questions: Are cities and national regions ready for national mobilization of entrepreneurialism?  Are national Chambers and associations in agreement on upskilling small medium enterprises? Is there a national agenda to quadruple innovative excellence and exportability?  How skilled are local leaderships of agencies on such national-global deployments? How fast-track upskilling will add digital-mindedness and create quality exports centricity? How simultaneous synchronization uplifts upskill 1000 to 100,000 SME on a fast track basis? How these issues are not new funding hungry, they are execution starved, and so what is stopping?  How a national umbrella created via Live Roundtable discussions and streamed to 100,000 stakeholders?
Stillness is death: How continuous disruption brings perpetual life to enterprises.  How continuous optimization of self-discovery achieves new heights? How does continuous quality production open global doors on exportability?“Allow Million qualified foreign entrepreneurs to park within your nation for 5-10 years under a special full tax-free visa and stay program. Which nations have qualified dialogue on such affairs? Observe how hard, during the last two decades, nations across the world have tried incubators; today, mostly empty real estate projects. Governments and Academia were unable to create entrepreneurialism; however, the same governments created great armies. Trained to dig trenches in rain and sleep in open fields, they developed great officers, but not by drawing pictures of tanks on white boards or running around with water pistols in the classrooms. Bring in, land million entrepreneurs in your nation, and create 10 million plus jobs and new wealth in following years. Let your own institutions and frontline management learn how such economic developments created.  Be bold, as the time to strategize passed now time to revolutionize has arrived”. “Excerpted from keynote lecture by Naseem Javed, Global Citizen Forum, Dubai, 2013.”

Now, reading the new trade winds: Allowmicro-small-medium enterprises a tax-free window on the first USD$5-10 million revenues in exports, this will create local jobs and bring foreign exchange. Allow National Mobilization of Entrepreneurialism Protocols mandated to engage trade and exports bodies. AllowNational Scoring of entrepreneurialism to measure, differentiate talents, and separate pretenders. Allowmicro-small-medium enterprises free access to all dormant Intellectual Property, Patents rolled up due to lack of commercialization as Academic Experts on innovative technologies and related skills on free voucher programs.

The astonishing new math in commerce today: AUS$1000, investment in technology buys digital solutions, which were million dollars, a decade ago. A $1000 investment buys on global-age upskilling on export expansion that were million dollars a decade ago. A $1000 investment on virtual-events buys what took a year and cost a million dollar a decade ago. Today, any micro-small-medium-enterprise capable of remote working models can save 80% of office and bureaucratic costs and suddenly operate like a mini-multi-national with little or no additional costs.

Now, the urgency demands qualified execution; Success at times is failure management; failure is often about a lost battle, but not about a lost war, the ultimate success is not necessarily about winning a war, success more about understanding of the battlefield, as the real victory hidden outside the war.

Observe the nations of the world; are they real countries when their own constitution stays framed but not followed?  Are they real nations when they have laws but no rules? Are they countries when they have national borders without any protections? Are they nations where they produce no real goods of any real value? Are they nations when they have shining economies that produce no real value creation or grassroots prosperities? Are they just open fields where people assembled seeking some latter day miracle? Are they some special grand schemed land projects serving special interests? The global populace now needs to clarify. A united and collaborative world needs new definitions of global maps and nations as the global populace seeks global common good to face the future.

Summary: Covidians are smarter as their sufferings have now influenced new global mindshare. The biggest ever loss to any nation today is ignoring untapped hidden talents of its citizenry, uplifting, upskilling and reskilling will save nations. This is an advanced intellectualism on human productivity, performances and creating real-value-creation, not to be confused with current techno-corrupt pamphlets based on crypto-economic ignoring human work over artificial intelligence and robotization. In response to such urgencies, Expothon Worldwide relentless in pursuit and authoritative in action is tabling a special “high-level-global-debate-series” via virtual events in coming months.  Key players and gatekeepers from various countries, ready to highlight their talents and wisdom on such grassroots economic development frontiers should contact with some details. Save your own nations and study more on Google.

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North Macedonia’s Journey to the EU

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Future of Work: Next Election Agenda 2022

During the last millennia, never ever before did the global populace ended up inside one single test tube? Observe, the...

Intelligence7 hours ago

COVID-19 As an Agent of Change in World Order

The Coronavirus Disease 2019 (COVID-19) pandemic has claimed millions of lives. It has severely damaged the economy of the world....

Africa9 hours ago

Scaling Up Development Could Help Southern African leaders to Defeat Frequent Miltant Attacks

Leaders of the Southern African Development Community (SADC) are now considering, without foreign interference, tackling frequent insurgency devastating regional development,...

Middle East11 hours ago

Israel and Turkey in search of solutions

Twelve and eleven years have elapsed since the Davos and Mavi Marmara incidents, respectively, and Turkey-Israel relations are undergoing intense...

Eastern Europe13 hours ago

Peace, Problems and Perspectives in the Post-war South Caucasus

The Second Karabakh War ended with the signing of the trilateral declaration between Armenia, Azerbaijan, and Russia on November 10,...

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