The economic growth rate during the World War does not have much reference value. The British economic growth rate in 1917 was more than 24%, but people's lives became increasingly difficult, which has no practical significance.
The economic growth of Southern Africa has always been maintained at a relatively high level. Even when the world fell into an economic crisis after the world war, Southern Africa was not greatly affected, and the actual economic growth rate has remained at around 5%.
It is not easy to achieve 5%. In the past two years, the economic growth of the United Kingdom and the United States has actually been negative. The U.S. economy may return to positive growth this year, while the United Kingdom continues to struggle in the quagmire of economic decline.
"Is ten percent too much?" Philip was shocked by Roque's ambition. When the economy has developed to the level of southern Africa, every one percent increase is very difficult.
"No, countries around the world are gradually recovering from the economic crisis, the market is returning to normal, and the demand for goods continues to expand. Our products have excellent quality, advanced performance, and price advantages. Under normal circumstances, the annual economic growth rate should be
Maintained above 10 percent." Rock has confidence in Southern African products, which is particularly evident in the automobile industry. Ford, the only car in the world that can compete with Southern African cars, has been defeated by Southern African cars.
.
The product competitiveness of Southern Africa is mainly reflected in the high-tech industries represented by automobiles and aircraft. Rock can be regarded as traveling to a good time. Cars and aircraft have just started. Rock's advance layout has enabled Southern Africa to occupy an unparalleled position in these fields.
Determinable first-mover advantage.
After more than ten years of technology accumulation, Southern Africa has accumulated hundreds of patents in the fields of automobiles and aircraft. Even Ford wants to purchase related technologies for automobile engines and gearboxes from Nyasaland Automobile. This is why
This allows Nyasaland Automobile to invest more funds in the development and research of new technologies, ensuring profit growth while continuing to widen the gap with other companies.
In traditional fields such as food, textiles, and construction, Southern Africa's advantages are gradually emerging.
Africa has great potential in these aspects. With its vast land, suitable climate, and Chinese people with excellent agricultural skills, the agricultural development in southern Africa cannot be too fast. During the World War, southern Africa almost provided logistics for the entire Allied Powers.
, which fully proves the strength of southern Africa.
As for textiles and construction, both of which are traditional labor-intensive industries, Southern Africa has greater advantages. More than half of the high-grade wood in Europe is provided by Southern Africa. In this regard, Southern Africa itself has a huge market and has a strong demand for high-end wood.
The demand for wood is almost endless.
Taking this aspect into account, Rock dared to propose the goal of 10% per year.
Rock is not sure about other states, but at least in Nyasaland, 10% is definitely achievable.
Seeing that Roque was so confident, Philip was also quite moved.
So the next day, Philip summoned Buck and cabinet ministers, plus two senior advisers, Kitchener and Adelaide, to discuss the feasibility of implementing the five-year plan.
"Of course. I discussed this issue with Lord Nyasaland before the world war. It's a pity that because of the world war, we didn't have time to implement it. It's not too late to implement it now. We really need such a long-term plan to ensure the safety of southern Africa."
Sustainable development." Ada is very much in favor of the five-year plan. As the Minister of Finance, Ada is very clear about the importance of the plan.
"Congress is actually considering a similar plan recently. Now it seems that the Lord's plan is more complete and more feasible, but the Lord's request is a bit lower. I think an annual increase of 15% is entirely possible." Buck.
Biroker is more radical. Even in the United States and southern Africa, there are not many years when the economic growth rate exceeds 15%.
"I think 10% is difficult enough. Look at continental Europe and the United States, 4% or 5% is the norm. If there is an economic crisis, it will even lead to economic decline. We only have a few years when the economy
Only when the growth rate reaches more than 10%." Interior Minister James Bernard is relatively conservative and is Philip's confidant. When Philip was the mayor of Johannesburg, James Bernard served as Johannesburg Interior Minister.
, Philip now serves as Prime Minister of Southern Africa, and James Bernard's position has also risen.
"One question, Lord Matilda's term is less than five years. If Lord Matilda cannot be elected as the next prime minister, how can we ensure that the five-year plan can continue to be implemented?" Kitchina's question is sharp, and this is also democratic.
The ills of politics.
"Congress can guarantee that once the five-year plan is started, it cannot be stopped unless there is an uncontrollable event such as a sudden war." Buck has learned to use the power of democracy.
"So what if the new prime minister wants to revise the five-year plan?" Ade is also good at finding faults, but his purpose of finding faults is to improve the system.
"Of course, the five-year plan is not static. There may be deviations during the implementation process, or it may be completed ahead of schedule. If the five-year plan is to be modified, it must be submitted to Congress for review and approval, and the consent of all states must be sought." Roque checked and filled the gaps.
The five-year plan also places a limit on the powers of the prime minister.
As soon as Luo Ke finished speaking, Kitchina and Ade exchanged tacit glances.
Although Ada and Buck did not make eye contact, they both looked at Roark with trusting eyes.
When James Bernard looked at Philip, Philip was looking at Henry calmly.
"Agree, I have no objection." Henry smiled. He and Rock didn't see each other much now, but their relationship has not become alienated because of this.
This is a true good brother.
"Okay, then it's decided. Now let's discuss the contents of our first five-year plan." Philip lowered his head and smiled, and when he raised his head, he had regained his composure.
That's right, the husband and wife really have nothing to argue about. When the meat is rotten, it's all in the pot. Philip knows his own family affairs. He acts as a middleman and is content to reach the position of Prime Minister of Southern Africa.
You can live forever or something.
Objectively speaking, the starting point of Southern Africa's first five-year plan is relatively high. After all, Southern Africa has a smaller population and its economic aggregate is now comparable to that of the United States. At this time, as Philip said, every increase
Even one percentage point is very difficult.
"After the world war, the status of the British pound as a global currency has begun to shake. So is there any chance that our rand can replace the British pound?" Aida had a higher intention and raised a subversive question from the beginning.
During the World War, the British pound and the U.S. dollar successively canceled the gold standard system and were no longer linked to gold. For a time, their currency values dropped significantly.
The rand was once the only currency in the world that could be directly exchanged for gold.
After the end of the world war, London was eager to stabilize the pound's global currency status. In the context of the economic crisis, it announced that the pound would be re-bound to gold in an attempt to restore the pound's status.
The problem is that the UK no longer has enough gold to guarantee the value of the pound. As a result, the currency value of the pound has dropped rapidly. In just one year from 1919 to 1920, the value of the pound fell by 30%.
Even so, the pound is still a global currency, and transactions between countries are still settled in pounds. Even in southern Africa, pounds are still used for transactions within the Commonwealth.
Of course, rands can also be used at the same time, such as France. When Britain abandoned the gold standard system during the World War, France began to use rands for transactions with southern Africa.
In fact, the French do not trust the rand much, but harbor evil intentions and try to drive a wedge between southern Africa and the United Kingdom.
The French were indeed successful.
"Minister Capet, what do you mean?" Before Roque could speak, Kitchener took the lead in attacking.
Oh oh oh, I almost forgot, Ada is French.
Also, Phyllis is the lady of Nyasaland that Kitchinna and Ade agreed upon.
Then Ada had this kind of relationship with Rock again.
So, Kitchina had disliked Ada a long time ago.
Ada said nothing and looked at Kitchina with a smile.
Then Kitchina felt even more breathless, really angry.
But there was nothing I could do, Ada was a female, and Kitchina was too embarrassed to press on her every step of the way.
Rock doesn't allow it either.
"No, let's not take the initiative to do this -" Roque first stated his position. Not taking the initiative and not doing it are two different things: "-Marshal, don't be angry. If the pound loses its status as a global currency, then even if the rand does not
If you step forward, other countries will be unable to hold on, such as the franc and the U.S. dollar."
Roque is really not arguing. He is just talking about the franc. The threat from the US dollar is real.
What Roque said was true. Kitchina immediately stopped and couldn't say a word.
However, this is not that easy, and it will not be possible within five years at least.
What Rock knows is that even after World War II, the U.S. dollar did not immediately replace the British pound as the global currency. At that time, many countries in the world still chose the British pound as their foreign exchange reserves. It was not until the 1960s and 1970s that the U.S. dollar replaced the British pound and established its position.
Global currency status.
This is the opportunity that Roque is waiting for. Southern Africa will not take the initiative to attack the pound. But if London fails and the pound loses its status as a world currency, Roque will not sit back and let the opportunity slip away.
Facing this kind of Luo Ke, Kitchina could only sigh.
Now that Kitchina is seventy years old, how many more years can he live? When Kitchina is a hundred years from now, Luo Ke will do whatever he wants, and Kitchina won't be able to control him.
From this perspective, Kitchener is also grateful to Roque for his honesty, and hopes that Roque will keep his word, otherwise the pound will really be in trouble.
Once the pound loses its status as a global currency, the sun will really set on the British Empire.
