Interaction for Leadership Macro environment

The creation of wealth National Income National Income GDP to GNP GDP to GNP Human Development Index Human Development Index How will Sierra Leone create wealth in the coming decades How will Sierra Leone create wealth in the coming decades What do we expect for the future? What do we expect for the future?

Circular Flow of Income

The main objectives of government Stable Prices Value of Money Purchasing Power Cost of Living Standard of Living Control of Money Supply Competitive Advantage

Trade Cycle

Stable Employment Demand v Supply of Labour Underemployment Demand–deficient, structural, cyclical, seasonal types of unemployment Skills, flexibility, mobility, adding value Links with anti-inflation policy Government action/social wage/protection

Unemployment

Stable Trade Flows Imports Substitution/Export Promotion Balancing factors of production to create capacity Developing a manufacturing base Intra trade Tariffs, quotas etc and collection of revenue Fair Trade/Access to other markets?

Building Growth

Stable Exchange Rates Fixed, floating and managed exchange rates Interest rate policy and other factors influencing the exchange rate Control of inflation Printing of Money Using ‘outside’ assistance – IMF etc West African common currency/market?

Tariffs

Tariffs - 2

Growth and Development The difference between the two Ingredients of economic growth Strategies for Development Which way shall Sierra Leone go? OPEN DISCUSSION!!

The international dimension The role of the African Union The work and future role of ECOWAS How might the Mano River Agreement be developed? Can Africa gain greater importance in world affairs? Seat on UN Security Council? ECA – what does it give Africa?

United Nations IMF – loans, terms/conditions/future role and influence in Africa? World Bank – IBRD. IDA and other special funds – how are these used in Africa and should they be changed? Debt – how much/% of export earnings/ever repay it? Other sources of finance – trade- off/problems?

The dilemma of post Keynes era?

European Union Common Agricultural Policy Development Funding World Trade Organisation What do you want from the 25, soon to be 27 and one day 30+? See MY SITE – lots on EU.

The future for Sierra Leone? How will she expand her external trade? How will she reduce import dependency? Main ways of adding value? Main markets/competitors? Capital market? How will she operate in the global economy? How can others help?

Future - 2 New markets – China, India and ASEAN NAFTA Euro Zone Regional Co-operation? Continent Co-operation? Digital Divide. North/South Co-operation Cultural Changes? What do you want to see?

Future - 3 Flourishing democracy? Participation, inclusion and civil society? Human Rights, respect for minorities? Attractive base for the investment capital of others? What should you see in 2020, 2040, 2060? Let’s talk the future – for us!

Future - 4 On line discussions on pre-agreed topic? Same on random issues Use of the net? economist.com economist.comwww.johnbirchall- economist.com Let’s think of ways in which we can work TOGETHER!