PEOPLE’S ECONOMY IS INSTITUTIONAL IDEAL

Sir,

The only evidence that sound’s audible is that it must be heard, the only way we can confirm sight is if we can actually see, it therefore holds true that development, economic and otherwise, should be seen in reality not on paper for it to be genuine and of benefit to society.

It is on behalf of the UNISWA Economics Society that I am writing this piece. It is with concern for our kingdom’s economic quest that I am writing this piece.

It is with an intention to remind Swazis that the best developmental orientation is that of a people’s economy, one where all skills meaningfully participate in the generation of accelerated but sustained rates of growth.
The biggest asset to any economy in this world is its people. I acknowledge this fact parallel to an edgy appreciation of the fine line between an asset and a liability.

As much as society presents a positive prospectus of the economy, if not well mobilised and coordinated, society can also be a liability to our economic and political framework.

The UNISWA Economics Society applauds the works which have fostered economic progress by a number of institutions in Swaziland. Swaziland Standards Authority’s bid to equip the masses, not only with certain manufacturing skills but doing so with the ultra-important advocacy of international standards, conformity induces the competitive levels which developing economies require.

The Microprojects unit from the Ministry of Economic Planning and Development is making relentless efforts to envelop ordinary citizens, particularly those in rural areas, into the ultimate developmental course by modelling sustainable income generating ventures for the people and by the people.

The Small Enterprise Development Company, Swaziland Commercial Amadoda, Swaziland Investment Promotion Authority, Financial Services Regulatory Authority, the National Maize Corporation, NAMBOARD, Swaziland Revenue Authority are all institutions that are pursuant of an ideal developmental framework that is well adapted for our society.

It is worth noting that China’s vibrant economic modernisation miracle was first driven by what they termed Township and Village Enterprises, which had a quasi-cooperative and a quasi-municipal ownership character, thus enabling the people’s mass participation in economic activity.

It remains the headline belief of the UNISWA Economics Society that the institutions cited here among others, have an imperative role to spearhead a transitional process of diversification and industrialisation of our economy across the board from agriculture to the services sector.

In essence, the idea of development should not be about the expected outcome in projections but about choosing the right path and implementing the right mechanisms for targeted poverty reduction and increased social welfare for all.
The UNISWA Economics Society commits itself within the community of the University of Swaziland and the Swazi society at large, into the advocacy of mass economic development.

Neliso Xolo Dlamini, PRO Uniswa Economics Society

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