Growth enhancing changes

Weekender
TECHNOLOGY

A further discussion on Dessicates (Digitalised Economic Structures Synchronising Institutions Capacity Advancing Top Earning Space)

BY MICHAEL JOHN UGLO

Economic growth and technology

IN the aim to see how we can bring huge earnings for PNG we have to be innovative in an adaptive process done better in a computer software managed system.
We cannot accept self-defeat with a sense of inferiority that we cannot do certain tasks and think at par with technologically advanced nations. When having a look at our neighbours in the Asian region they are leading in this technological race.
We are essentially talking about economic growth for PNG in the world of technology. In brief we can accept the Wikipedia definition of economic growth as “the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. Statisticians conventionally measure such growth as the percent rate of increase in real gross domestic product, or real GDP.”
Before last week we pictorially depicted Ox & Palm and galip nut as two PNG products which do not make it to the supermarket shelves of most countries around the world anywhere. These products account for our real GDP good anyway but that cannot bring in windfall earnings like our LNG and mining products do.
Are we thinking and strategising about any product that would take that centre stage? We have the leverage in technology that can self-evaluate, configure and produce results which account for much fatigue and is worrisome in human mind and capacity. The technology can also customise with resources at its exposure to uphold an automated system seen in most expert systems that are knowledge-based as a source of artificial intelligence.
For instance, one can do rare mineral prospecting for use in electronic devices, undersea explorations, sending space missions, identifying defects in metal and concrete architectures and or doing medical diagnosis. We have so much to explore and patent products to get PNG on the road to prosperity.

Nasa’s deep space antenna for communication from earth and space

Apart from the massive land resource Papua New Guinean has as a factor of production, it will surely feed the population of PNG but in commercial terms, the returns, from the current agricultural practices will certainly not be high enough to compensate values of mineral resource earnings. However, with the inclusion of an articulate expert system for database and knowledge-based systems, we could transcend miles because there is so much opportunity that PNG governments need to support and fund.
This will mean a rescue from a probable regression and stagnation in PNG’s hopes of economic growth and prosperity in a minimal time space to windows of opportunity for prosperity. It will also preclude not being a major supplier and automatically bearing the name as a price taker for time infinity to a country to be taken seriously known for innovation and creativity.
In further elaboration, inflation has to be adjusted to keep in pace with the market value of goods to nurture economic growth and taking Wikipedia’s definition of inflation as “an increase in the level of prices of the goods and services that households buy. It is measured as the rate of change of those prices.
Typically, prices rise over time, but prices can also fall (a situation called deflation). This scenario can be manipulated automatically with an in-built computing system which identifies its datatype in a Boolean or a concatenation in variable of a set of data of a natural number set. In a mathematical examination of numbers and operation the system could employ operations in intersections and taking complements together with a union operation to perfect an automated system so in interactive or a batch mode of feedback, all answers and adjustments can be made to effect the desired action as in production rule system.
Thus, these answers are made available depending on latency as in a fraction of a second, in minutes or in hours or days. Computers can yield these results while human can but will need to sit down and calculate for days or months and can still get it wrong.
Now our rescue package in this digital and quantized world of electronics, Wikipedia defines the phenomenon, technology as “the sum of techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigations. Technology can be the knowledge of techniques, processes, and the like, or it can be embedded in machines to allow for operation without detailed knowledge of their workings. Systems (e.g. machines) applying technology by taking an input, changing it according to the system’s use, and then producing an outcome are referred to as technology systems or technological systems.” Here you have it all believe it or not because ideas are generated and synthesised from technology such as CAD the synonym for computer aided design. Or alternatively, data and alpha-numeric can be entered into a common personal compute (pc) or be an autonomous knowledge based system of artificial intelligence.

Growth Enhancing structural changes

It is the economic system itself that is the institutional structure of production. The main aspects include the firm multitudes in the market, sellers and buyers, their strength in setting prices for the goods and who is doing what as in a system control of automation with product properties of its qualities. An economic system or an economic order as Wikipedia defines is “a system of production, resource allocation and distribution of goods and services within a society or a given geographic area”
A structural analysis of institutionalised social action is much needed in the areas that are of mathematical and statistical significance and anticipation of accurate results employing data analysis for definite extrapolations. This is where digital and quantised technology plays a pivotal role to aid effective decision and production systems resulting from the institutions.
Globally a ruling regime of any government takes ownership of these thoughts and puts them into action by funding them regardless of how much fund be it a minute or a mega according to the locality’s norm. Most definitely as in microeconomics, that economic system is coordinated by what is commonly known as an invisible hand so called because of its mastery of aftermath activities which is the invisible binding force. That waiver effect produced by that force is none other than the system of price or prices with rewarding results.
Adam Smith a renowned economist finalised this discussion with factors such as with technology linked to tastes of the consumers and individuals who follow this as their own interest governed by the system of prices. Thus technology plays the overall dominating effect of perfecting products that customers follow.
Here it is exemplified that we have the major players in an economy at its basement amounting to a discontinuous extreme transition meshed to quantization from an analogue mode of operation. This presupposes that technology plays a huge part in one term and that is the idea of price as allowed by appealing and appetising effect of the product for the customers as advanced through technology. Such portrayal is much advocated for PNG economy in this time and age for the paradigm shift.

Institutions of production
The sole player could be the price to drive a country’s economy in all its institutions. That presupposes other aspects of the economic system virtually may be ignored. Here it can be seen in terms of the overheads and the prices. Thus, it generates an interest not in the internal organisation but somewhat what happens in the market which accounts for the purchase of the factors of production. The sale at a particular price with the factors of production such a skills, capital and land but what happens in between is less accounted for. If we likened this to the world’s economy, this fact basically drives all economic activities and statuses of countries attained by them which is commonly referred to as Price Theory as in microeconomics.
Knowing in brief such as the above fact, we can devise a software engineering selecting a data type for a Boolean true and false use. A flipflop device in a OR or an AND with a NOT gate can suffice in hardware integrated electronic circuit to further ascertain with a truth table to predict the outcome and account for it with mathematical justifications with axioms for the logic. The predicate and the propositional calculus considerations in the wording of the axions will provide the addressability for operands in the overall execution of the computer program.

State enforcement in institutions of production

The state is a major player in the economy in the country. It specifically represents the public interest in how businesses and trade should take place. That does not in essence restrict free market but somewhat enhances it to excel. The free market gives opportunity for everyone to efficiently and fully utilise one’s innate potential. Also any available resource is economically used without any much of wastage. There is the direct benefit of the incentive in the price theory than a regulatory entity to impose restrictions which is not as effective as the benefit one sees, pursues and accrues it when engaging in entrepreneurships.
Also further is to note that so much of any firms mushrooming everywhere for the state to regulate would result in the costs overriding the benefits. So well a well planned structure for businesses including multinationals to be allowed to operate. On the contrary that can suppress some of the potential huge business from taking off. We have the technology that comes in here to produce a model with axioms for functions and domains to regulate all the business activities.
The above idea has been effectively employed in virtually most of the well to do Asian countries that base their foundation on this platform. Some of these countries include Japan, South Korea, Singapore, Malaysia, China, Thailand, Indonesia etc. That is why they are more prosperous and impart inertia for the epicentre of the world economic growth engine in the Asia-Pacific region. This is a takeover from previously imperial power like the European countries or generally the West countries who have attained their maximum growth and expansion. PNG has to follow suit to progress. Therefore, the Digitalised Economic Structures to Synchronise coordination by Institutions’ inherent Capacity to Advance Top Earnings from our so talked about PNG plentiful resources to reach an optimum Space in due time as advocated in Dessicates.
Next Friday: The State’s part in contributing to Dessicates.

  • The author is a lecturer in avionics, auto-piloting and aircraft engineering.

One thought on “Growth enhancing changes

  • Mr. Uglo, thanks for educating the nation on what it needs to invest in on today’s world to be competitive. I suppose people like you should be advisers to responsible ministries because what you are telling us is a reflection of being forward minded, innovative, and creativeness.

    Investing in space and sattelite technology is not only about creating sattellites but can buy from manufacturing companies from countries like India close to our region. Then by building a ground control station, it can be controlled and managed to collect real time, effecient geo-spatial data in abundance to make effective manamgment decisions in managing our country’s affairs. i.e. from border security, marine resources protection, forestry managment, agriculture science, disaters and many more. all these are cost-effective and can make alot of money for the country by again selling useful data and information to the telecommunication companies and agencies. T

    Perhaps the government needs some advices to invest sooner than later because as you can see how weak we are given the scenario where the drug (Cocaine) smugling by the Aussie pilot without any detection because we lack the capacity to detect remotely such international intrusions. This is one such besides many.

    Wake up png!

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