A lot of attention is paid to craft traditions in Western Europe and North America, such as handsewn Hermes leather goods and bespoke Savile Row suits. But the uneven focus leads some to believe that things made outside of these places are low quality.
This is not true. 🧵
Good piece.
TLDR:
1) Macro reforms are a necessary but insufficient condition to getting broad based, poverty reducing growth.
2) Improved fiscal policy that raises more in taxes and finances education, skill acquisition, R&D & EODB is what delivers that kind of growth.
@taiwoyedele There will be an upside to govt revenues from the higher oil & gas prices in the current environment.
It’s not a windfall as it will be all spent meeting already planned expenses.
But please start preparing the nation NOW for what happens when prices fall again.