Developing Markets Need To Learn Essay

1539 words - 7 pages

LEARN is the catalyst for identify, building and laying the political foundation for regional/preferential agreements with target nations. This program uses continuous improvement cycles of Plan Do Check Act (PDCA) and provides an appropriate measurement system to assure desired outcomes are achieve. The outputs of these steps are regional trade agreements (RTA) followed by regional integration agreements (RIA). These two sources embrace the movement toward self-sufficiency and economic gains. RIA’s can have both a static and dynamic efficiency effect. The static effect occurs from relative size of trade creation. This creates gains on the supply side. Dynamic gains occur through economy of scale and market enlargement. Dynamic gain precipitates real income growth (Mistry, 1996).
Nothing goes as planned. LEARN accounts for this, through the fail fast process. In the event economic improvement is not supported it uses a feedback loop to support course correction. Failure is not bad if it is used to support learning and development. Using a set of common measurements designed to facilitate rapid course correction is provided in Table 2. These measurements involve relationships between economic growth, infrastructure improvements and customer satisfaction. Measuring this allows for more timely adjustments in order to satisfy customer needs (i.e. other countries) and meeting economic growth targets.
LEARN requires a disciplined commitment to reinvestment incremental revenues. At the beginning these incremental flows of capital will be small. Regardless each round of investing moves a country through the economic learning curve and gets them closer to playing in the more expansive global economy.
Snowball Effect
Regional integration is not only about products and services but improved capital mobility. Bilas defines capital mobility as the difference between national savings and investment (Bilas, 2007). It is investment that supports growth. A full commitment to reinvesting any new economic gain is required to support poverty reduction and middle class growth. LEARN uses the debt snowball method. This method is used for a person in significant debt with multiple creditors. The premise is to focus all excess cash on the smallest debt until it is paid off. Once that is accomplished all the cash is then used topay off the next smallest amount of debt. This process is followed until debt is completely removed. This approach provides a number of advantages for the debtor. It provides a sense of accomplishment through quick wins. These quick wins help build momentum. This momentum helps see the person through the process (New, 2012). This process is not about the total amount of money being paid off; it is about reducing the number of creditors.
This “debt snowball” process can be used by developing countries toward investment of trade proceeds. The application is not about paying of debt obligations but about...

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