Developing countries aspire after self-supporting economic development
August 3, 2026Developing countries are making positive efforts to oppose domination and subordination and achieve independent development of the economy.
Mostly recently, the Mozambican President expressed the stand to concentrate all efforts on achieving the country’s economic independence in the coming 25 years. Addressing an opening ceremony of the International Conference on Inclusive and Sustainable Development of Mozambique, he expressed his determination to achieve economic independence in the coming 25 years and make them a period of building a further growing, inclusive and competitive state. After reviewing the course of development of the country between 2000 and 2025, he said that the main objective of the meeting was to establish a development strategy for the coming decades, adding that the national economy grows not by chance, but through adopting a view on its development prospects, building a system that can be fully trusted and implementing a consistent policy.
A Nigerian media outlet asserted that the advice of the International Monetary Fund and the World Bank on accepting the American-style recipe for the economy does not fit the reality of African countries including Nigeria.
It said that the advice which urges the country to increase government taxes by hiking VAT on fuel and communication rate seems highly likely to shrink the economic activities of its businesses and citizens by increasing their burden as it does not take the reality of Nigeria into full consideration. Nigeria should not accept the American-style economic recipe blindly, but push ahead with an economic policy centring on the national industrial growth and expansion of production, it noted.
Developing countries are also eager to establish independent economic foundations.
The Kenyan government has recently announced a plan for developing the manufacturing industry on a preferential basis. The plan is aimed at supporting the manufacturing industry sector to increase its competitive edge by exploiting all the potentials so that it could spearhead the development of the national economy. It reportedly took account of the reality in which the manufacturing industry sector accounts for only 7.3 percent of the country’s GDP.
Meanwhile, the Rwandan President said in a meeting that the country should accelerate the national development by its own efforts. The main thing in the national development strategy is to rely on its own efforts, he stressed, calling on all the citizens to make responsible efforts for the future of the country.
Referring to the need to attain self-sufficiency in energy by making effective use of geotherm, hydroelectric power and solar energy, the Indonesian President emphasized that his country should not rely on imported energy and that it wants to live independently and can do so.
It has become the trend of the times to achieve economic growth by each country’s own efforts, free from dependence on outside forces.
THE PYONGYANG TIMES
