Namibia portrayed as an underachiever.In a wide ranging, August 10, 2007 interview in The Namibian (Windhoek), Namibia's biggest daily newspaper, a member of Namibia's parliament took note of the disappointing performance of the country's economy in recent years. Macroeconomic mac·ro·ec·o·nom·icsn. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. indicators appear to describe a robust economy. "But upon closer examination, its performance is revealed to be marginal, characterized by low investment, high rates of unemployment, huge income inequality, and poverty among the majority of the population." The picture painted of the economy is one where the role of government and other institutions is disjointed and in some cases outright ineffective. From questionable capital outflows Capital outflow is an economic term describing capital flowing out of (or leaving) a particular economy. Outflowing capital can be caused by any number of economic or political reasons but can often originate from instability in either sphere. to a seeming lack of political will to support viable manufacturing opportunities, Namibia is portrayed por·tray tr.v. por·trayed, por·tray·ing, por·trays 1. To depict or represent pictorially; make a picture of. 2. To depict or describe in words. 3. To represent dramatically, as on the stage. as an example of a market with plentiful plen·ti·ful adj. 1. Existing in great quantity or ample supply. 2. Providing or producing an abundance: a plentiful harvest. resources and an energetic population that lacks entrepreneurial skill and management acumen acumen Astuteness, perception, perspicacity . Rural development is suggested as a way to jump start positive movement toward a truly robust, globally competitive economy. |
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