From Learning English, this is the Economics Report.
For years, Somalia has been called a failed state. Piracy, poverty and terrorism have been problems in the country for a long time. But recent improvements suggest that the country is taking steps to a lasting security. Somali officials say a stronger economy is extremely important to peace.
Last week, Somali officials traveled to the United Arab Emirates, hoping to attract foreign investment. The event called the Somalia Investment Summit was held in Dubai. The goal was to present Somalia as a good place to invest.
Somalia is dealing with the effects of a 20-year civil war. Foreign intervention is the main cause of an increased security in the country. Over the past year, African Union troops helped drive al-Shabab militants from major cities. And international naval forces have sharply deceased pirate attacks.
But Ali Mohamed Gedi warns that the results of these efforts could be temporary. Mr Gedi is the former prime minister of Somalias Transitional Federal Government. He says poverty must be ended. He says poverty is the reason young people join al-Shabab.
So if we create jobs for them I believe that theyll play a role in the stabilization and the security of the continent, said Gedi.
The chairman of the Somali Economic Forum - Hassan Dudde agrees. He says the pull of illegal activity, such as piracy is strong when they are no jobs available. He says attracting investment to Somalia now, while security is improving, is very important.
I think what the international organizations and the international community is starting to realize is that bringing troops to Somalia will not be the answer to this problem. When people have jobs and a better life they will be less likely to get in trouble, Dudde said.
Although conditions in Somalia are improving, safety threats remain. Somalia lacks a central government, corruption is common, and the workforce is largely unskilled. These problems concern possible investors. Also there are no secure legal safeguards for foreign investors.
Hirsi Dirir is Chief Executive Officer of the Dahabshil Bank, which operates 130 businesses in the country.
Investors are a bit afraid of going into situations like that, but theres a huge opportunity, noted Hirsi Dirir.
Somali officials are preparing legislation to create investment safeguards. And increased security has led a growing number of foreign investors. Currently, the United Arab Emirates, Oman and Yemen are the top investors in Somalia.
And that is the Economics Report from Learning English. Find more of our programs at . Im Mario Ritter.
脚下的草地才是最绿
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坚持做20件小事,你的人生大不同
心灵鸡汤:人在弥留之际的五大憾事
对那些嫉恨你的人心怀感激!
情感天地:你的心事我永远不懂
希腊神话:爱神丘比特的故事
杨致远,致雅虎员工的辞职信
心灵鸡汤:一定要问父母的8件事
心灵鸡汤无言的父爱
心灵鸡汤:爱父母就聊聊这些吧!
美丽在我心Trying to Be
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双语美文欣赏:牵着时光的手
我喜欢这种淡淡的感觉!
爱情美文:鱼和水的故事
赏析钱钟书写给林书武三封英语信
脱口秀:女王奥普拉·温弗瑞十五句名言
心灵鸡汤:妈妈脸上的伤疤
心灵鸡汤:走出舒适区让自己成长的六部曲
心灵鸡汤:英文情书 ,拿破仑致约瑟芬
爱情创口贴:走出失恋的阴霾
老爸寄语:给青春期女儿的7个建议
母亲的含义Not Just a Mom
活在当下:每一天都是全新的开始
美文欣赏:幸福路上的10道坎
美文欣赏:下一站幸福,几点开
心灵鸡汤:在故事之外寻找真爱
永远都不要再对自己做这十件事
现代小诗:《爱的絮语— 致恋人》
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