Examples from other countries show that their participation in decision-making breeds success
The constant rhetoric we hear at every industry and investment conference, both in our country and across the region, is that “infrastructure development is the key to job creation and economic growth”. Why then is progress in this arena stymied at every turn?
So, we ask ourselves, what will it take to get our rebuild programme back on track, spearheading our country’s economic growth and the creation of many jobs for our long-suffering people? In looking for answers we turn to countries that are thriving, to see what they have done to achieve success, and the results make for interesting reading.At a recent conference I attended, mention was made of two economically successful countries: Singapore and South Korea.
It was stated in a McKinsey report that Singapore’s economic transformation from a developing to a developed country since gaining independence in 1965 is a prime example of how stable governance and entrepreneurial thinking can fuel economic prosperity. What is less well known is the extent to which the Singapore government has embraced design in its strategies to improve citizens’ lives.
The research shows that one of the countries “punching above their weight” — with higher recorded engineering strength than their recent living standards might suggest — is Vietnam. The highest-ranking countries by engineering index score are in Europe, Asia and Oceania. The report does note that there is great potential for sub-Saharan countries to catch up with countries in other regions in their engineering strength, as shown by the engineering index.
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