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What can government do to make Cyprus Economy equivalent to

Benefits and problems from the EU membership.

What can government do to make Cyprus Economy equivalent to

Postby michalis5354 » Mon Sep 01, 2003 12:58 pm

THE LEADING WESTERN EUROPEAN COUNTRIES?

:D

Just I would like to hear some opinions !
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Postby Noname75 » Tue Sep 02, 2003 3:33 pm

I don't think they can do much. Cyprus is a very small country I don't think our economy can be as strong as UK Germany or France. Maybe we should check what Luxembourg did to achieve todays status.
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Postby Aris » Tue Sep 02, 2003 11:32 pm

increase spending for education and technology infrastructure and reduce spending for military.

Organize and modernize the state machine.

Small countries can do as good (and even better) than large ones if they are managed correctly.

Also, maybe its time to stop pretending to be rich and ask for some EU help. Otherwise I am afraid we will stay behind.
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Postby michalis5354 » Wed Sep 03, 2003 11:25 am

Yes the Luxemburg issue as a good example. You do not to be a big country to be strong anyway. ( Japan , Swiss , Belgium)
:D

Cyprus has the capability to achieve that level of growth equivalent or even Higher than the leading weastern european countries provided that radical changes are done.

Privitisation is one issue . This will be encouraged in any level.

Let the Free market to operate in a more efficient manner without ineficiencies. (reduce government intervention to the free market)

Attractimg higher level of international Investment worldwide taking advantage on its strategical importance in the region. And expecially from countries such as ( Japan , singapore , Hong Kong , china , Canada , Australia , Israel and USA ) . And in areas like Education , Health etc

Encouraging Innovations ( Research and developement) .Give more incentives to Forward thinkers at any level at any organistion in private Sector and public Sector.

Establish high Long term Goals and strategies and make known this direction . Empower People everywhere and compensate people according to productivity achieved.

Education and health should be given higher Focus as Cyprus possess the required Human Recources and expertise to operate such markets sucessfully.

Encouraging Change everywhere and at any level.

Significant changes have been done recently , and more are expected to be done in the Future and as long as cyprus is accomodated to EU. :D
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Postby Aris » Wed Sep 03, 2003 8:10 pm

I don't agree that privatisation should be encouraged in any level. There are some importand things like education, healthcare, electricity etc that should remain under the control of the state. Why? Consider this examples from the USA:

1)Your friend is very sick and you take him to the hospital. He pains so much he is screaming. The nurse at the hospital the first thing she does is to ask the patient about his insurance policy!!! The guy is screaming from pain and they are asking about insurance!! After they treat the patient for one day(just stayed the night there, no opearations on expensive medicine), they send him the bill for $2500!! You better have a good insurance policy otherwise you are oput of luck. This is a personal experience. It happened to me 3 years ago in Florida. Another friend of mine (in Florida again) got bitten by a bee. The doctor saw him for 3 minutes and gave him a prescription for medicine. A couple of days after a bill for $800 dollars came to him from the hospital!

2)Power outages in California and recently in north east US and Canada. Private companies own the electricity facilities. Its not cheaper, and the service they provide is obviously bad.

3)Education. Do you have money to send your kid to a prestigious prep school? No? Then again you are out of luck because government doesn't invest enough for public schools and the quality is not very high.

So privatisation doesn't always mean better service.

Healthy competition? YES, but the state should make sure that importand sectors are doing as they should, even if that means they should be owned by the state.
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