How SMEs can beef up PNG's Economic Growth
By Willie Mell INTRODUCTION PNG is among the very few lucky countries on the planet, abundantly blessed with all the natural resources! It is referred to as " an island of gold, floating in a sea of oil, surrounded by gas" . We have all the natural resources on the land and in the sea that other countries wish to have. Better still, and geographically, we are located on a very prime spot in the Asia Pacific region to facilitate trade and commerce to our neighbours - we can provide an ideal trade route to our advantage! But despite our obvious economic potentials and being a sleeping economic giant, we are rated as one of the poorest countries in the world by living standards! Why are we being so rich in natural resources yet rated so poor? What can we do to improve our conditions, and reach our full economic potential? And, is it possible to reach our full potential? Let's study some basic economics and see if these important questions can be put t...












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