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2021-10-07 09:50:56

7 Oct 2021 @ 09h45 - North-West University

Part 4: A panel discussion with Francois Fouche, director of Growth Diagnostics at the North-West University Business School. The discussion is aimed at getting a sense from panelists about the value of local government as a catalyst for economic development.

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welcome back and one is one all point nine fiat money muslim i'm rights i'm joined by joined by st esteem colleagues charles annually from ghana who is the president of african entrepreneurship conference as well as franchise fisher who is a director at growth at university diagnostic of north west business school are we obviously wrapping up cash maybe just go back to let me the point that was trying francois to or was given us his perspective on around the need to be realistic for the fact that we've got this it doesn't necessarily after mean that it's it's it's it's it's also also word the i'm word looking i'm for looking for a who role of the other logistics a ratification lot of other that is to and loan change of cultural that to happen peace your final word professional does i was pleased saying i am very that we are where we are with the african continental free trade area agreement and the and the process that but has been unfolding it's it's going way course to slow of we can argue that the certainly pandemic has derailed many of initiatives and because had it's such a huge impact on many african economies in fact today they are economies less african that are not receiving imf assistance some in form or another though than there are countries they now africa's in a dire from from a state balanced payments liquidity view and therefore point of many of us the imf forces from but just back to my point if we look at what will a change really make to improve african trading itself ie more with we are trading more with our neighbours the things that will bring real in terms change of improving trade trade is on is online non tariff barriers actually and they are not a reduction in a study tariffs there was done by the imf i think two thousand and nineteen the potential where they looked at inclusion regional africa trade if non tariff barriers where to be addressed versus tariff barriers and non tariff barriers five it's like four times the impact versus what a reduction in tariffs would be the flip that unfortunate side of g7 is easier to reduced because tariffs it's just a number adjustment of course there is a income fiscal income component falls component away falls away as but well a significantly as well more challenging to actually address the removal of non tariff barriers because relates to it basically everything that encompasses trade tariffs part except of that has bought a process procedures and those really troublesome in africa so i want to conclude with the following from quote professor molten friedman battling from the university of chicago in the us won the nobel and we actually prize in economics seventy-six in nineteen and he said this this about policies and goes for this relevant this is relevant of the all context of all in the context in been made the promise the promises that have by the ctu he said of the great mistakes one is to dutch policies and programs by their intentions rather than their results i think we need to judge continental free the trade agreement from by it's still its results early days i do accept and not by that its intention track the result we need to and one of the results and adjust accordingly to the results are seeing that we and so far we haven't seen great results and we seen great would progress i like to see accelerated progress in of the countries that are making terms commitments and the right actually submitting tariff proposals to other thank you each thank you very much us on that for very interesting concluded mark charles your fellow words in terms of how trade could different cultivate the kind of want development aid to see in literally in a minute as somebody who's coming from the market the business from community and that these that call to my fellow sicelo afrikaner afrikaner business women that many we are on the african continent africa the agreement it is not thanks us to for collaborate the days of doing individually intense when collaborate together as businesses it undo bigger is on the continent led business south africa from led a business africa entrepreneurs in south the willing to be able to collaborative go we've had business a business and business partners and business partners van ghana leads entrepreneurs from lesotho willing to collaborate business man months from kenya who these the only way can be able we to take proper at date or the africa got in africa the agreement and to do bigger teams on the continent thank you very much for that definitely do would better things in a continent provided we all collaborate business across the continent needs to heed the call and actively engage in in business ethical business ethical collaboration in business an ethical collaboration as as a matter of fact jeremy and it has been absolutely pleasure you having on the show have certainly enjoy kind of conversation the that can do from children um ghana president africa entrepreneurship conference very much fran├žois thank you fisher the director of diagnosis both that university of north west business school i also thank you for certainly your time we up some of absolute it has been an pleasure having you on the show you very much thank what we are unpacking role the of local government in fostering economy surely growth there a lot of lessons have land tonight that we and i certainly make think will a difference in future beyond governance halted was