The paradox of the plenty

Since the Hippies landed in Goa in the 70s, Tourism in #Goa went on steroids.

Both metaphorically and factually.

A paradise was discovered.

50 yrs later Goa has the highest per capita income in the country.

2.5 times more than the national avg.

For those of you who may not know, the second pillar of the Goan economy is mining.

As a matter of fact, my very first job as an engineer was in a mining company in Goa.

That job lasted for a day, I will save this story for later.

Goa ranks highest on most of the development indicators in the nation.

Thanks to two cash cows; Tourism and Mining.

But here is the other side of the story.

Goa is a perfect example of jobless growth.

The government is not incentivized to create jobs but to support existing infrastructure for tourism and mining.

It is not the fault of any government.

It is a resource curse at play.

It is called the paradox of the plenty, Google it.

Rampant mining for years has done enough damage.

Well, I am trying my best to sum-up Goa for you.

Because I don’t see people talking about Goa in the popular news channels.

Sadly the mouthpiece of Goans are dumb Bollywood movies.

They depict Goans as funny happy people because the script has no scope to factor in complex economic concepts like the paradox of the plenty.

#economy

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