How Many Pillars Made -In – Rwanda
Sometime back when I was in The Netherlands, I once searched high and low to get an English newspaper and asked some Dutch people why it’s difficult to chance upon one. I never got anywhere.
The response was “English newspapers are over-taxed so as to discourage them in favor of newspapers published in the Dutch language”. The reason is to promote locally-made products in order to maintain the balance of trade and payment.
Despite the practice, The Netherlands remains part of the European Union single market and is one of the most developed countries in Europe. In any country, for economic growth to be accelerated, unique approaches must be taken to turn things around.
This brings me to ‘Made-in-Rwanda’ a campaign introduced to encourage Rwandans to by Rwandan.
It is imperative for the country to develop an enabling strategy for moving forward. Before I opine what I think may turn things around, let me illustrate why ‘Made-in-Rwanda’ is an ideal slogan.
‘Made-in-Rwanda’ is a slogan initiated to promote the consumption of locally-made products. The rationale is to increase exports and reduce import surplus. The more the country sells a lot of the stuff locally produced to other countries, the more balance of trade it’s likely to achieve. But, once imports exceed exports it creates a trade deficit.
And, as a matter of fact, that’s where our country is now. In order to change this unfavorable balance of trade or payment, we must be committed to promoting the ‘Made-in-Rwanda’ strategy. This raises a fundamental question: what can be done to make ‘Made-in-Rwanda’ successful?
To start with, the ‘Made-in-Rwanda’ strategy is designed to promote both local investment and inward investment (or direct foreign investment). This is the main gateway to do away with the trade deficit that Rwanda faces today.
Secondly, there’s a need for raising awareness perhaps to all Rwandans the importance of prioritizing locally-made products. Apparently, most Rwandans are still unaware of the benefits.
So, they need to be mobilized to change their mindset about locally-manufactured products. There’s a wrong presupposition that foreign products are better than domestic products. This belief must be discarded if we want to move forward.
What are the 4 pillars of the Rwandan government?
Government of Rwanda on Twitter: “#EDPRS2 strategy has 4 pillars: Economic transformation, rural dev, accountable governance & productivity & youth ensuring sustainability” / Twitter.
What is the pillar of Made in Rwanda?
Pillars of Made in Rwanda initiative
–Reducing the Cost of Competitiveness, -Promoting Backward Linkages, -Sector Specific Action Plans.
What are the pillars of social protection in Rwanda?
The Policy proposes a more comprehensive vision for social protection that encapsulates social security, short-term social assistance, social care services, and targeted livelihood and employment support.