The Public must never be allowed to take #EconomicDrivers for
granted. Highly Trained and experienced professionals employed, in the public
interest, at an Independent Office Of Budgets (OOB) must guide and measure, via
Standard Industrial Classification
(SIC) and National Gross Domestic Product (GDP), Global sectors and industries profitability. Incentivize
and develop Business Models which can Constantly Transformed public policies to drive
dependable Economic Growth. Such Business Models must be continuously measured
to judge viability, Preservation and Growth. Hence, a nation depends on its Mature Economic
Drivers to provide Security, Healthcare, Education and Infrastructure, able
to contribute to bettering GDP, Taxes, Jobs and Lifestyles.
Profitability must generate the nation’s essential earnings, Tax
Revenue, Royalties and Investment Income, to pay for budgeted public expenditure.
Analyzing and comparing national sectors and industries productivity against
Global competition, is to drive choices and design working Business Models. While
keeping a sharp eye on the nation’s existing sectors and industries by
measuring Business free cash flow, technological advances and international
trends. This is the job of OOB Experts, forecasting over 10 to 20-year periods.
Noting that, most operations across all sectors and industries will need time
to establish, adjust, mature and become a reliable Taxpayer, a source of national
revenue.
Such Experts involved in the nation’s budgeting preparation, have
been trained to understand historical migration. From birth and death rates,
driving population increases, to geopolitical population growth rates, driven
by jobs, earnings and profitability. Most population centers were built on
forced or incentivized workers but now over population strains these centers. Stresses
and Strains to Security, Healthcare, Education and the much-needed
Infrastructure, inclusive of water and electricity supplies, communication and transportation
networks, all running on outdated technology, and of course housing, requiring
policies to encourage people to move out. Outward expansion or migration,
therefore, firstly but not only, requires feasible sectors and industries, profitable
operations and good paying jobs.
The forecasters, employed in the OOB, study global trends to select
the most feasible sectors and industries, where to locate and how to
incentivize. Noting that, some operations exist both as an Economic
Driver and as
a Public Necessity. For example, Agriculture, farming and processing, for public
health nutrition and contributing to the nation’s indispensable food security, must
be safeguarded and Agriculture
‘An Economic Driver’ must
be tested and measured for viability, supported only if internationally
competitive. Hence, such forecasting experts must program and build modern
expandable infrastructure to develop unused or under-productive lands to sustain
a new community funded by multiple Economic Drivers to urge migration.
Mature Economic Drivers is
the foundation of any society. Trade
‘An Economic Driver’ is employed by every society to distribute goods
and services internally, to earn duties from its imports, charge royalties to use
or remove its resources and to encourage exports which earn for local tax paying
operations. Some societies use its Skilled and Talented People ‘An Economic Driver’ stationed
abroad, to finance its children’s development, via a small foreign earner’s tax.
Unique ideas, which only originate from and are further improved by people, are
the fuel of sustainable development and contribute to Services ‘An EconomicDriver’. It must also be noted, that as part of the national budget, savings
must be set aside or to pay for insurance, to be used in cases of natural or
man-made disasters.
Rationale
T.A.J &
Associates Company Limited uses this occasion
to comment on topics that have been covered, both academically and by the mainstream
media, to add its opinion and point out investment opportunities, not to invoke
any social action.
