Three ideas that have failed in Uganda
Uganda is at a crossroads economically and politically. If we do not take the correct path, the country will under-develop rather than modernize. Three ideas namely comparative advantage, structural adjustment and the ballot box have been tried in Uganda. All three have failed to deliver the desired outcomes. We need to examine each one and recommend a way out.
Comparative advantage means that a country should produce the good (s) in which it has an advantage over others, trade with others and obtain what is not worth producing at home. When the British arrived in what later became Uganda, they found that the people were engaged in a wide range of economic activities according to their natural resources. Some were herders, fishers, crop cultivators, hunters and manufacturers of a wide range of products that included pottery, wooden, iron products and cloth from hides and skins and bark cloth. These producers exchanged (bartered) their goods in local and regional markets in Eastern and central Africa. Production and barter benefited equitably those involved. On balance, the terms of trade were favorable.