PNC PARTY LED ECONOMIC POLICIES DESTROYING PNG.
by JOHN N BAILY The current PNC party led government's policies are disastrous for the country in the longer term. Those political parties supporting the PNC led government are only there for their own personal selfish and greedy needs and not really for the long term sustainable development of the country. All the smoke screen and over-inflated infrastructure developments going on in Port Moresby and the projects launchings and ground breakings at the moment are not the true reflection of the economic development of the country. Even the current World Bank economic predictions are not a true reflection of the country's economy. Its predictions are based mostly on extractive resources development forecasts rather than the actual day to day standard of living and the strength of the Kina currency. In real terms of our country's potential economic gains, it will always be skewed towards foreign resources development multinational companies/corporations. This unfortu