ONE of the greatest debates concerning economic development is this: that what is more valuable between the thing which is produced or the one with the skill to produce that item?In other words, should we invest in profit or in the ability to create profit (human capital)? The difference between the two is that one focuses on the present, while the other builds a future.In my view, the 2022 budget has refocused national priority towards human capital so that even infrastructure is readily linked to commerce and the opportunity to create profit.It appears to use investment and income from existing growth sectors such as mining and agriculture to build a new infrastructure in Science and Technology and/ or the Green economy for the future.The budget has proposed or projected that Zambia should begin to produce three million metric tonnes of copper over the next ten years, for example. And this is my singular focus for […]
THE 2022 NATIONAL BUDGET – A PHILOSOPHICAL CHANGE?
