Posts

Showing posts with the label Dutch Diseas

PNG Not prepared for LNG Impact

Image
OP.ED PAPUA New Guinea is ill-prepared for the impact of LNG. Up to now, the project has been thought of as something that might happen and that, if it did, it would impact the financial and economic sectors of the country and little else. Such thoughts are drawn from the shallow pool of ignorance and PNG pays a hefty price for ignorance. Ill-prepared, both as a government and as a people, the full benefits of any resource project have overflown PNG entirely, leaving it to flounder in their wake and fighting over pet fodder such as royalties and taxes while the prized steak in substantial control and ownership and, in major spin-off contracts, have been left in the control of the multi-national conglomerates. Bougainville, Ok Tedi, Misima, Kainantu and Kutubu oil have come and go. There is absolutely nothing to show for them. The reason is simply ignorance. Ignorance and a rather peculiar reluctance to learn from past lessons. That especial, if tragic, trait of PNG’s persists today and

PNG Not prepared for LNG Impact

Image
OP.ED PAPUA New Guinea is ill-prepared for the impact of LNG. Up to now, the project has been thought of as something that might happen and that, if it did, it would impact the financial and economic sectors of the country and little else. Such thoughts are drawn from the shallow pool of ignorance and PNG pays a hefty price for ignorance. Ill-prepared, both as a government and as a people, the full benefits of any resource project have overflown PNG entirely, leaving it to flounder in their wake and fighting over pet fodder such as royalties and taxes while the prized steak in substantial control and ownership and, in major spin-off contracts, have been left in the control of the multi-national conglomerates. Bougainville, Ok Tedi, Misima, Kainantu and Kutubu oil have come and go. There is absolutely nothing to show for them. The reason is simply ignorance. Ignorance and a rather peculiar reluctance to learn from past lessons. That especial, if tragic, trait of PNG’s persists today