Skip to main content

Posts

Showing posts from May, 2025

"Let's be friendly because the work we do if we don't have the people, then we are nothing! Even we the politicians, whichever work we do you know you are there to serve people" ~ *Hajjat Medina Naham Ojale*, Director Finance and Administration - NRM

THE FUNDAMENTAL PRINCIPLES OF MUSEVENOMICS

The total economy- monetary and non –monetary had shrunk by 25% by1986 compared to1970 (collier and Reinikka, 2001). In dollars, the size of GDP in 1986 was US$ 1.26 billion and that was the NRM entry point. Certain principles or measures were applied to restore and revamp the small island of PSEUDO- MODERNITY, expand it and deepen its quality. The following were the stimuli applied (Fundamental principles of Musevenomics) 1. Security of persons and property. The NRM government had heavily invested in a disciplined UPDF army, which espoused values of human rights, people freedoms and protection of persons and their property. This played a significant role in attracting FDI net inflows from 0% of GDP in 1986 to 3.58 % in 2019. 2. Privatization and liberalization of markets. The NRM government liberalized forex bureaus, opened up all sectors of the economy to competition which created efficiency and stimulated high levels of production. 3. Return of Asian properties. The NRM government u...