Skip to main content

Atolls and islands should start biding for investments



 Maldivian work force has two main concerns. That is:-

-They have to leave their family and come to Male’ in search of jobs, thereby creating lot of social and other problems
-Tourism industry benefits a few people and not the majority of the population.

In order to address the above problems, islands were leased to build resorts in number of atolls and MTDC was formed to provide an opportunity for majority of the population, a way to take ownership of resorts and provide a direct income source. The question is, is MTDC the right formula to address the above complaints?

People started to have doubts after firing of two experienced staff from Herethere Resort.

Imagine a different scenario. What if some of the islands to build resorts (or even other investments like fisheries and agriculture) were given to the atoll itself? (It is a known fact that many people from Addu work in tourism industry at various levels. Consequently, Addu atoll has a pool of experienced and skilled people who are capable of undertaking a project like Herethere and Villingli.)

In such a setup, the atolls can pay the s rent to the state and the profit from the resort or the investments can be used to develop the region.

Often, capacities are shown as a reason for not decentralizing economic and other opportunities. The ideal situation will be giving the ownership of investments to the atoll and assist them in areas they lack capacities. Ministries like Atolls Development can play such a role rather than acting as a controller of power (COP).

In terms of economic growth we are crawling compared to countries like India. If such a decentralized formula is used, I’m sure that we will start to run and it will be difficult for any country to catch up with us. Atoll and island development committees, should start biding for investments. If the rules are restricting it, change the rules.

A better approach would be the state assigning some uninhabited islands to communities for industrial purposes and aiding them to make it a success.

Comments

Anonymous said…
I like the idea of "Atoll ownership" of business ventures! It could be tried to see what problems it causes!
Muna Mohamed said…
siadh. yeah. start forming public companies by atoll or islad people. that way we may be able to overcome regulation restrictions n start bidding!
Anonymous said…
The issues u ve raised are very interesting! First, did u see any one who loves u country and who really wants to develop our beloved nation. We are hijacked by many corrupt political monsters. Sorry to say that.
They don’t have any vision, their only vision is how to elect for next election and how much money is required for that.
Can’t they see countries like Malaysia different towns are developed by different public companies? Eg: Puchong is developed by IOI group.
They only think for survival for next day not for the future. The main issue I can see is not 2 employee frm Herethere fired from their job. Tell me one single thing the industry (resort owners) do to develop their HR or good for the nation other than the fixed tax they pay.

Popular posts from this blog

Joke: Understanding Maldivian political system

A joke I received from a friend. Modified to add Maldivian flavor. Read and N-joy! Son: "Dad, I have to do a special report for school.Can I ask you a question?" Father:"Sure son. What is the question?" Son: "What is Maldivian Political system?" Father:"Well. let's take our home for example. I'm the head of the family, so let's call me Government. Your mother makes the most decisions in the house ,so let's call her Majlis. We take care of your needs, so let's call you The People.We'll call the maid The Working class and your baby brother we can call The Future. Do you understand son? Son: "I'm not really sure,dad. I'll have to think about it." That night awakened by his brother crying,the boy went to see what was wrong. Discovering that the baby had seriously soiled his diaper,the boy went to his parents room and found his mother sound asleep. He went to the maid's room,where,peeking through

Towards a more equitable budget

The article was published in Maldives Economic Review in its December 2019 Issue 2.  To read the full article click link at end  World Bank in an introductory economic report on Maldives in 1979 states that “Male dominates the political, economic, and social structure of the country. It is here that a small national elite presides over the archipelago's affairs and takes decisions that are crucial to the well-being of the atolls. Not surprisingly, a disproportionate share of government expenditures directly benefits Male and ensures its residents a standard of living that is substantially higher than in the atolls The other islands now rely upon it as their main trading post and contact point with the rest of the world” Fifty years later Male’ has become one of the most congested cities in the world with a population density of 65,201 per km according to National Bureau of Statistics of Maldives. Top reasons for migration as per census is; as a return migrant, educati

Can we, women of this country, have some space to grow food and offer food security to our family?

Illustration by Aishath Rishtha   Translation: “When the Last Tree Is Cut Down, the Last Fish Eaten, and the Last Stream Poisoned, You Will Realize That You Cannot Eat Money”  The article was published in  Maldives Economic Review  in its March 2020 Issue 3.  To read the full article click link at end  2014: Think about it? In 2014, I started writing a book using census and all available economic data on every atoll including data on how many uninhabited islands each atoll has. I thought that showing demographic, geographic and economic data will make people realize we need to do something about abandoning such rich resources for a congested living in Male’…. I shared the first draft with friends and mother thinking everyone will be very pleased. They weren’t happy. Major problem seemed to be - “just throwing data on people is not enough… we need to talk about some solutions. Take food security for one…..” Outline of the article 2014: Think about it? 2016: Write a