In developing countries, granting full economic freedom to producers in their “morning markets” will put the whole economy on the right track and eliminate illegal activity within countries and along tense borders.
The idea is new but simple. The colors of the economy such as the green economy, the blue economy, the white economy and the gray economy are based on several issues; environment, oceans, health and informal activities are active while the morning economy is mainly linked to the morning time from âdawn to noonâ.
Some of the developing and underdeveloped countries are trying to come out of economic failure by putting more effort into long-term strategies and planning, which may be easier said than done. However, the problem is not at the top level of strategies, it is the lack of practical plans and achievable actions that stabilize the bottom level to be successful and be able to receive long term planning. Why not start with parts of the economy that could be repaired more easily to pave the way for comprehensive national reforms and regional and continental strategies. A smart set of short-term policies is needed to help small local economies get off to a successful start in the morning, and then everything will follow better than you might think.
The economic activities that take place in the morning are either production or consumption, in some cases it is a mixed “prosumption” but nevertheless it tends to be closer to one of the two sections.
Morning economics is about the production – not consumption – of goods and services that need to be transferred and traded during the morning. If the authorities have not organized this for the producers, they will find another way and another time to do things outside the formal framework.
I define âmorning economyâ as economic policies that prioritize the development and formalization of producer transactions that take place in open markets during the morning.
Since 2006, I have started to devote myself more to tackling several issues related – partially or fully – to the concept of “Morning Markets Economy” or “Zonal Economy” such as border markets, farmers’ markets, community markets and regional free zones. . in the summer of 2020, I collected all the issues under the definition of “Morning Economy”.
In Africa, the process of developing local and producer markets is the best and most practical approach to improving national economies while intra-African trade could be effectively stimulated by border markets and free zones that process – specifically – with direct regional trade between neighboring countries and well connected with producers and goods crossing borders to reach larger markets.
I think that efforts to modify the policies of African countries to be integrated into the AfCFTA and the RECs must continue but it has still been proven that the adoption of regional agreements by governments is not effective enough to integrating the informal economy or “gray economy” within the Morning Economy can do it gradually and perfectly and could be the best platform for international actors of the free economy to present their ideas and propose their offers.
It seems that the area of ââmorning economics is limited to rural areas but this is not true. Even in urban areas and in towns and villages, home-made and home garden products are mostly sold in community markets and garage sales in the morning during holidays. These types of markets play a more important role in changing the mindset and behavior of citizens from consumption to production. Morning economy in urban areas could build trust between producers and authorities better than anything else.
I have presented the general definition of morning economy but classifying the activities covered by this definition might be slightly different from place to place. Yet the authorities should be very flexible to cover all related activities.
Granting full and intelligently organized economic freedom to producers and suppliers in their morning markets will put the whole economy and the political situation on the right path to development. Moreover, it is the only recipe for eliminating illegal and criminal activities along borders or within countries.
Answering these next four questions will lead step by step to the logical basis of the Morning Economy priority; Free economy or socialism? Why start with trade and not with industry or agriculture? Informal activities or formal economy? Why focus on markets rather than inclusive reforms?
The first question: free economy or socialism?
The Socialists side with the farmers and the labor force. Theoretically, they are calling for better policies for producers, but in reality they are paying more attention to consumers by emphasizing the design of the economy on subsidies. Socialism maximizes the role of government at the top level. As a result, economic freedom is crushed to the lower level and producers are left behind. The point the socialists missed is that producers are consumers too, so if the government helps them it automatically covers a wider range of the community, then poverty could be reduced. On the other hand, starting with government intervention by helping consumption at the cost of production will harm producers, consumers and the government itself.
Mekki ELMOGRABI is Press editor on African affairs. He can be contacted at WhatsApp & Telegram +249912139350 or email: [email protected]