The activation of the economy comes with some consequences
Hello Project Hope community, I hope you are all doing well, and that your week has been very productive. Today he wants to talk about a particular issue, how the economy is moving in Colombia, a country where I've been living for two and a half years, specifically in its capital, Bogotá.
Since March 23rd of this year the city by orders of the mayor's office literally paralyzed the city with an absolute quarantine, nobody enters or leaves every for almost two months, only for essential things (food, medicines, pay public services, etc). And that's how the economy deteriorated little by little, until some businesses began to go bankrupt and with them a lot of unemployment. But beyond this, imports also decreased, it was to be expected, a large part of imports were paralyzed.
In order to understand what I mean, we must consider that most of the imported products come from China, which is the main protagonist in economic matters, but not only in that field, but it was where the whole pandemic started, a situation that has undoubtedly managed to affect at a global level not only in health matters but also in the economy.
With what was mentioned above, it is easy to imagine that all the ports in this country where I live stopped their activities and imports of everything (raw materials, materials, all kinds of products) were suspended, which brought about several consequences, some good but sometimes not so good.
Increased production in the country
As it is to be noticed, if something is always scarce, the human being will look for either the possibility of replacing that which is missing by something else, in case it is possible, or simply to produce it.
In this particular case there was part of the national industry that was activated and began the production of those products that were no longer being imported, allowing a relative increase in productivity in the country with the consequent satisfaction of that demand for that product that was needed, and collaborating with the national economy. It is possible that this will continue and that those companies that took advantage of the situation to become active or to start production of a certain item will remain even beyond the end of this whole situation.
Scarcity of raw materials
Dependence on foreign raw materials, or on some chemicals needed to process other products, has complicated the picture a bit, but a solution must be found to this, since a country rich in materials should not be importing everything to produce what the population needs, yet it happens.
The absence of some products has been felt, which makes the few of these that are circulating in the market increase in price, and in the end those who pay the increase are the consumers, not only for paying more but for having to dedicate more time than necessary to be able to obtain it.
So even though in this country, Colombia, the economy has been reactivating for two weeks now, slowly, with the opening of many businesses and fewer restrictions, the truth is that the shortage of some things is being felt, also accompanied by a sustained increase in prices in practically everything.
I will wait to see what happens in the rest of the year in terms of both the economy and health. I hope that there are no new outbreaks of Covid that will lead the government to return to absolute quarantine, and that this escalation in price increases will not continue, because economic instability can be accentuated with all the consequences that this brings.
Stay safe.
Have an excellent weekend, everyone.
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It's always interesting to read how some other country is dealing with economic problems... Actually, it would be great if Columbia could be a self-sustained country... As a matter of fact, in not that far history, a lot of countries were a self-sustained, which means that it is POSSIBLE to do... I don't say that we should isolate ourselves from the rest of the world, just saying that the image that is put to us about "not possible to live without China" (for example) is a lie...
The same thing is happening all around the world... It looks that only the cheapest workforce countries CAN do things, and others can't...
We will see how will all this thing develop in the future, as this what you wrote is just a beginning...
Thanks for sharing your thoughts and info about the situation in Columbia...
"not possible to live without China"
Tremendous phrase, full of so much lie, but they have made it believe as something real.
What I see happening is also that there are big interests behind the imports. Here they have created a legal framework that makes imports very easy to perform. On the other hand, to open a business, it is a big, terrible bureaucratic procedure that can take up to months to be done. After all that, comes the fact that having a business the amount of imposed, regulations, etc, is complex.
On the other hand, the holders of great capitals manage to invest their millions to bring and resell, thus removing the problem of having to have a physical business as such, and what it brings in itself. They just buy, sell, and go.
Those who can do these things are always related to the politicians, who make the rules... This is my vision, or part of it, in relation to this reality...
Thank you for commenting @ph1102
and if instead of aiming at self-sufficiency we aim at a global integration like the European Union.
I hope the rest of south america is not following Venezuela into the abyss... Covid is a big argument for inflation and it will be challenging to rebuild the economy that is being eradicated by the restrictions imposed by the governments. Thanks for this insight into Colombia!
Yes, our country has been taken to an abyss that seems to have no bottom, and with all this of the covid, they justify other abuses.
It will always take a long time to rebuild, but very easy to destroy. Sometimes I think that the governments are better off with this whole situation. They have some benefit from all this disaster.
Thanks for commenting @achim03
Crisply explained as usual. How is Covid outbreak controled there? . are there infrastruture for testing large populations and treating them on time, are there enough beds for admission, protective gear etc...if that is there and people work with needed Carona safety protocals, it will be ok.
Eventually, my country India will get this stupid herd immunity before any vaccine comes I guess...except that cost of acquiring this immunity for old people like my Dad may have required you hospitalisation, treatment, monitoring etc which will be way more than the cost of the vaccine that would be subsidised.
My Dad is recovering well @josevas217. You were very right that what happened is not so terribily bad as my Dad is getting the needed medical attension and I am safe from infection as in isolation temporarily. Good day... thankyou for enquiring about my dad's health in my article, your well wishes as well as others count as well to give strenght and all that.
The truth is that in this part of the world there are precarious situations in terms of health. But particularly the capitals of each country are more attended, it is a reality, the areas that are not capital suffer from some abandonment by the states.
I live in the capital, so here there is everything, although there is a shortage of certain things, in terms of health there is how to solve, however, by the amount of sick at present, the health system was on the verge of collapse, fortunately the cases have already decreased.
Here the main thing was quarantine, only specific things were left. But for now everything seems to be going relatively well, I hope it stays that way.
It's good that your father is better, that he has been treated in time. It's scary to face such an illness, especially because of the media coverage it has had, but the reality is that 90% of the people who suffer from the illness, it's like a simple flu.
Anyway, you have to take care of yourself.
Happy weekend @mintymile
The economy has been greatly affected globally. But as you say, we have been invited to find production alternatives that are often set aside because we prefer to import. The most important thing is the reunion and union that caused the global shock.
Stay healthy my friend!
Hello @yonnathang
I always maintain the thought that in community one advances more efficiently. That is to say, in a team, with everyone collaborating. On a global level, all countries should support each other in order to get out of this difficult situation.
Certainly even though we see an economic recovery as a result of the normalization of economic activities we will always see the consequences that all this madness called the covid-19 pandemic has left. Greetings and thanks for your contribution friend @josevas217.
It is up to us to learn to live with this, and to cope with everything in the best way.
Thanks for commenting friend @carlos84