Sunday, June 14, 2009

What Could He Have Done?

To avoid the 22,660 jobs that were lost between 2001 and 2004 in the export-oriented industries. Very little I'm afraid. If he gave away the amount MEXA has recently asked to try to save each job that would have cost Rs8.6 billion.

No, there is not much Rama Sithanen could have done against the industry dynamics that swept our textile industry in those 4 years with two years accounting for over 80% of those job losses.

How do I know that? Well for one, about twice more jobs were lost in 2006 when he was in the driver seat than in 2005 when he was there only as from the second half of that year. For another more than 5,000 jobs were shed in 2008 the year of the so-called bumper crop. And finally he wasn't able to hold back the British Investor, was he?


Bruno said...

does it mean the chancellor should be sacked?

Anonymous said...

He would have done something,Iam sure.The whether was calme at that period and Sithanen is not Berenger nor Pravind.

Sanjay Jagatsingh said...

He should have been sacked a long time ago preferably before he transformed himself into IMF's ultimate puppet. That would have been around November 2005.You may wish to take a look at this

He would have done something? Like what? His so-called reforms had already produced more unemployment and poverty before the financial meltdown. If there really has been a bumper crop then I guess Ramgoolam has become really stupid for not having called for fresh elections last year.