High commodity prices spur growth

WHO said this government is responsible for the economic growth of this country?
The growth is due to the high commodity prices.
As technology improves and competition increases, developing and developed economics are competing against each other for natural resources.
As such, the demand for natural resources is high in countries like China, India and Brazil to sustain their economic growth.
Our government has taken advantage of this situation by introducing and developing a policy framework of tax cuts and breaks to attract foreign investors to extract our country’s natural resources.
It has gone a step further by amending the environmental and other laws.
Our economy is enjoying a positive outlook and growth which the government is boasting.
However, the government will be severely mistaken if it thinks that the riches in the natural resources will continue to sustain this country without consequences.
It has to be warned that if it fails to invest the windfall gains from the commodity boom into urban and rural infrastructure development, then today’s economy growth will not be sustained in the future.
The government must differentiate between growth and sustainability before boasting and toasting the country into more suffering.

Lucas Kiap
Mul Baiyer