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The Consulting Economist

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Everyone has heard about Sherlock Holmes, the crime solving consulting detective. But until recently, very few knew about the Consulting Economist, Anushka. She just goes by her first name, like Madonna. But things were changing dramatically as every newspaper were writing about her work and called her the ‘Beacon of Hope’. She was being called for interviews and events and this had completely overwhelmed her. She was used to being recognised by a few people here and there but this was huge and she was flabbergasted.Let me back up a tad bit. So, in 2020 about fifteen or so years ago, Anushka was reading about a small island called Nauru and it’s history of being super rich. And they didn’t even produce oil or colonisers! They had large reservoirs of phosphate mines which is a much sort after mineral. They earned hell lot of money selling it to foreign nations.Nauru is a phosphate-rock island with rich deposits near the surface, which allowed easy strip mining operations. But over time, their natural resources started to run out. And, it’s remaining phosphate resources were not economically viable for extraction. When the phosphate reserves were exhausted, and the island’s environment had been seriously harmed by mining, the trust that had been established to manage the island’s wealth diminished in value. And the island fell deep into poverty. To earn income, Nauru briefly became a tax haven and illegal money laundering centre.Sure there’s World Bank and stuff like that, but they give out loans. Which might be good for short-term but for an island like Nauru, it’s not that easy to earn it back. And some countries help them out financially only to take them under their control. So Anushka sat there thinking, how could she help a small community to build a sustainable economy to depend on. Until, it hit her while watching the Benedict Cumberbatch starring Sherlock, that like him she can take the case of Nauru. With her major in Mathematics and minors in Economics. She thought of taking along her friend Mrittunjoy if he wanted to come, who was an excellent Mechanical Engineer.Just like old-school DC or Marvel films, she thought to make a team of individuals with varied and important skill sets. She convinced three of her friends, an Engineer, a Physics major and a friend with BA in Chemistry and minors in International studies. They were just out of college and were planning to start their jobs soon. Anushka convinced them to spend a summer in Nauru before their job starts and if they think there can be some way to help, they can stay or else go with their original plans.So they packed their stuff and off they went to Brisbane from where flights to Nauru were pretty regular.“I am pretty excited, I hope we can help atleast some way or another” said Mrittunjoy.“Yes, this is not an easy feat, but we will give it our best. I have corresponded with the a member of parliament who has obtained permission from the President, who has agreed to let us give a tour and brief us up with their current situation” said Anushka.“That’s a good start, but I just hope the food is good. What do you think they eat?” said the Physicist, Maya.“Once host to lush forests, Nauru is now stripped almost bare with poor soil. The majority of the food in Nauru is shipped in every six weeks. If you ask the average person, their diet consists of grilled or fried fish, french fries, hamburgers, pizza, and Chinese food (including the ever popular twist of spam fried rice). Unfortunately, there’s hardly anything green to be found in a Nauruan meal. Nauruans are one of the world’s most obese people” said Neil.“Perfection!” said Maya and smiled.They reached Nauru two days later. After settling in their rooms, they couldn’t help but admire the beauty of the island. Even though it was a ghost of its much glorious past, it was still breathtaking.Then they set off to meet with the state officials and locals to discuss in detail about the present status of their assets and their weakness; other than what they already knew beforehand. The natural forests and mining grounds were pretty ruined and their current source of income was primarily from a few mines left. There are no personal taxes in Nauru. The unemployment rate is estimated to be 23 percent, and of those who have jobs, the government employs 95 per cent. A large part of money comes from Asian Fund and a minor part from tourism. They made some bad investments from their profits of selling phosphate.Anushka lead the team to take a survey of all the individuals of the island. They found that the literacy rate is pretty high. Anushka began to scout for good investments. She assigned Neil, Maya and Mrittunjoy to scan the island and see what could be made, a power plant or grow some actual plants and trees that could sell good.They came up with some really good solutions but in order to implement them, I would take them much more than a summer. The government of Nauru decided to pay them a good salary and give them housing.Anushka summed up their plan to the members of Parliament. She said “We have learnt that almost everyone here speaks English and have had good schooling, so why not make this a tech hub in between the lush green jungles, like Wakanda!”“Also”, Mrittunjoy continued, “We have identified some really good investments for the island which can be profitable in the future, we propose to invest in. Also we plan to teach everyone how to code and build simple machines”“Upon searching the Island and running many tests, the ruins of exploited phosphate mines can be brought back by building a biolab to grow certain useful crops” said Maya.“And finally, the waters in the shores in certain part of island can be used to can be used in an interesting new tech that we were planning to execute that will not only generate electricity but also make the island much more appealing. So we can increase tourism, promote things like honeymoon destination, if you catch my drift Anushka.”They officials were pretty pleased with what they have come up with within such a short span of half a year. The team lead by Anushka began to execute their plans with much finesse. It took that five years to achieve all that they set out for.They were heroes among the locals who gave them a huge parade and the government of Nauru were also extremely grateful for their help and awarded them with many titles and honours. The word reached out to places and soon the Consulting Economist and her team were starting to be recognised for their hard work and efforts.Many such small countries looking to improve their economic conditions, contacted the Consulting Economist and her team. They travelled from country to country for the next ten years; expanded their team significantly adding many more accomplished experts in Biology, Linguistics, Teachers, Engineers, Marketing experts, Farmers and many more and improved their conditions as much as they can, many were hits but some were misses due to the political situations. It’s about this time that Anushka gained worldwide popularity.Sitting in her home sipping a cold coffee late at night, while watching Bojack Horseman with Mrittunjoy; Anushka got a call from a top agent of Iran. And that’s how their next chapter began, off to middle-east.Pingback:Create your website with WordPress.combloggers like this:

Everyone has heard about Sherlock Holmes, the crime solving consulting detective. But until recently, very few knew about the Consulting Economist, Anushka. She just goes by her first name, like Madonna. But things were changing dramatically as every newspaper were writing about her work and called her the ‘Beacon of Hope’. She was being called for interviews and events and this had completely overwhelmed her. She was used to being recognised by a few people here and there but this was huge and she was flabbergasted.Let me back up a tad bit. So, in 2020 about fifteen or so years ago,...

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