Amid the economic turmoil in most parts of the world, there have been obvious though various measures taken by governments to revitalize their economy; from policies to interest rates to inflation control to investments. Still, its “fruits” would depend on how it’s implemented.
Recently in Bulgaria, their government came up with an innovative way of perking up foreign investments, and that is by offering Bulgarian citizenship to investors.
At any rate, the granting of citizenship or even allowing entry to foreigners has been misaligned in some countries. Like, they allow an alien’s entry just because s/he is an actor or celebrity in his country of origin – then when he’s sort of settled, he just ends up waiting tables or working as a gas boy. Such would not be economically beneficial to the host country unless they really lack such workers. Or if these foreigners are just there as tourists, after all, Bulgaria is a beautiful country.
In the case of Bulgaria, they made a good move. Then again, the lingering questions would be – why would one want to invest in Bulgaria? Just because of citizenship, membership? Key here would be its highly-skilled workforce and strategic location that would serve as a launching pad for business operations. Nevertheless, for this investor = citizenship program to really sell, more than just favorable policies, tax structures and all – the government should give more emphasis to its consumer market, trade associations, international trade relationships, friendly citizens, and having some right to own property to entice quality investors.
See, to recover much more to grow… Promote Entrepreneurship. And aside from having investors, what a country would really need are real talents, technical people, and true Leaders – those that make things happen. Ironically, this is where many companies have faltered save for recruiting technical people, they are just too structured – too focused on relevant experience or education instead of the individual’s true potential to match with an organization’s real needs.
Yet what kind of people caused the 2008 recession anyway? So, if there’s room for “conventional” people, how much more for the really creative? Now, it’s just a matter of recognizing and investing in such talents and Leaders wherever they may come from to truly take off.
Solutions and breakthroughs lie in creativity and openmindedness – just like how Bulgaria thought of bringing in investors.
What’s your take?