Today Southern Sudan will become the independent country of South Sudan. This historic event follows the compilation of an atrocious civil war that caused the deaths of millions. Although their fight for independence has been difficult, the people of Southern Sudan are excited for what the future awaits. This is an exciting time in the new nation, but after today comes the tough work of building a country that already faces substantial obstacles.
South Sudan will face many economic issues. Because their economy is predominantly dependent on oil, there is a strong possibility that it will lead to the corruption of other industries. The people of the south also rely upon trade from the north for food and fuel. With strained north-south relations, trade has come to a halt, creating severe shortages, price spikes, power outages and long fuel lines. Also, the government will issue a new printed currency in the next few months without sufficient cash reserves. All of these factors could create economic instability.
These challenges have led some analysts to call South Sudan "the next failed state." That doesn't have to be this new nation's future, and for the sake of the 8 million people who live there, Mercy Corps and other groups are working to ensure that it's not.
I believe that South Sudan can defy the doubts against them by starting to establish trade relationships with African countries and gradually expand as a nation. Although the country is poor, there is an ultimate possibility that they can grow by introducing new resources and adopting new technology within their culture.
www.cnn.com
No comments:
Post a Comment