donderdag 18 februari 2010

Blog 1 by Dieter De Vos; Davon: Clinton says Haiti is investment opportunity


Date: January 28, 2010
Davon: Clinton says Haiti is investment opportunity

Is it possible that an earthquake has any positive consequences? Most of the people should answer no, but there really are some positive consequences.

The former president of the United States, Bill Clinton, said at the World Economic Forum in Davos that Haiti has an investment opportunity. He wants to transform Haiti’s poor infrastructure and decrease the widespread poverty. He recapitulated his words by telling that it is the best chance they’ve ever had in his lifetime ... to escape and that we (the American market) have the best chance we’ve ever had to be a part of that.

Clinton’s programme is called: ‘’cash-for-work”. The programme describes how to encourage the use of the Haitians in the recovery effort. To assure (the) safety for the companies, Bill
Clinton used the argument that 70 per cent of Haiti and 60 per cent of its population had not been directly affected by the killer quake, so there is space and workforce for companies to do business there.

But before this can be realised, there needs to be a good distribution network to distribute food and even water. Also local workforce to rebuild the country is necessary.

According to my opinion, if I should be a businessman, I shouldn’t found a company over there because I believe that there still exists a risk in the future for a second killer earthquake. Even Denis O’Brien, a member of the forum said that it is a terrific place to do business over there.

I am sure that it was and still is a land of chaos because more than 80% of the population counts people who aren’t certificated. The first thing that the government should do is to make a (for) free and profitable education system for the whole population. The second way to improvement is the foundation of factories were people can work for and use their knowledge. The factories need to be modern. It means that we need to go forward and not backward in time by using modern machines that can compete with competitors in the same sector.

So one thing is sure, investments with a low risk for an earthquake need to be made.

Source: http://business.timesonline.co.uk/tol/business/economics/wef/article7006555.ece

3 opmerkingen:

  1. I fully agree. As you said, Haiti isn't the best place to start a business. There's no infrastructure at all, there will always be the danger of a new earthquake and it would be uncommon and strange for the locals. It's a good thing to look at the bright side of things, to search for a positive thing in this disaster. But I think it's not right to say that this is a life-time opportunity for Haiti. We don't succeed in rearranging the structure of a third world country, and the fact that everything is already destroyed and that we just have to rebuild things (in theory) just isn't enough according to me. To start a business in Haiti, the gouvernment, the mentality of the country and its leaders has to change too.

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  2. I don't fully agree.

    The decision whether we will invest in countries which deal with a potential risk of an earthquake or not is according to my opinion not the right decision. We must help them to survive a following deadly earthquake by building the new infrastructure in a way that it can resist a new earthquake. By building that way building may be resistant to an earthquake instate of collapsing. This will turn Haiti in a good place to invest.

    I follow your opinion about the education of the Haitian people. The Haitian Government must take action to build a good education system. This will help them to stand alone and not depending on development projects. This can only be made if the Government helps to realize this and not being corrupt like in former times.

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  3. I agree that Haïti is a dangerous place to built new companies, because the possibility exists that there’s going to be a new earthquake, destroying the whole country. When you invest a lot of money for a few years and after that there’s a new earthquake, investors lose money and the money they had invested, was totally useless.

    On the other hand, it’s a good idea to invest in education in this country because this way they can grow big and will face a better future. The main thing of course, is hoping there won’t be another earthquake.

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