African Royal Chamber of Commerce
The African Royal Chamber of Commerce is a business advocacy organization that represents its African people’s most valuable assets, which is the multifaceted, multi-dimensional African cultural heritage and the diversity as well as the global presence of its people.
Turning Global African presence into a Competitive Economic Advantage
Business Development Cultural Resource Framework
The Cultural Resource Framework identifies a broad set of assets in the public, private and not-for-profit sectors that are understood as being cultural resources and lays out the taxonomy for a Cultural Resource Database. Nonetheless, a community resource and need database must first be established as prerequisite for establishing or developing the cultural resource mapping database. Using the Maslow theory on the hierarchy of human needs, we can arrive at a consensus of community needs (we can observe these basic community needs on the next slide). Specifically, the resource mapping process can help a community gain in-depth information to community resource including its cultural resources. It can also help identify gaps in the demand and supply of services and needs. This provides a great opportunity for business development.
Business Development Cultural Resource Framework
Great Economists know that the power of economics is underrated. Economics is by virtue the most potent stem of all social existence. Religion, politics, war, and academic pursuit, and professionalism are all adaptive virtues of interconnected roles within the economic system. Therefore, economics is the underlying framework of the symbiotic relationship system between a unit, a society, and the environment. It takes a specific mindset to understand full economic power as a principle for the natural order of unitary potential and social identities within the universal ecosystem. Suppose we understand the critical impact that the nature of people's relations has on the economy. In that case, we will understand how to use economics as a shared group identity tool with a common purpose of healing to which wealth creation is vital. Economic power is generated when the economic and financial system of a shared identity (based on the condition of being related) can adapt themselves to the global-integral world, in which economic ties cross borders and firms, in which people depend on one another and affect one another, with a conscious goal for sustainable wealth creation and the stability.
Nonetheless, to people of African descent, the reality of economic crisis has been within us. In the relationships between us, the rest of the world since the false and fictitious denigrating picture and narrative about Africans was constructed and cultivated for many years through various slavery and colonialism elements. Thus, our depiction is of a people that are economically powerless and culturally weak. At the same time, the narrative reflects distorted interconnections, manipulations, and false values. However, people have begun to understand that an economy based on lies, speculation, manipulation, and mistrust is unsustainable. In a sense, the current crisis offers us an opportunity to examine our relations' nature and change it, so it fits what is required of the global world and the necessary interdependence among its parts. Such harmony and congruence will necessarily create a different economy, optimistic, balanced, and stable. An excellent example of this positive change can be seen in the normalization of the US_-Cuba diplomatic relationship after several decades of the embargo that we know today has been unnecessarily hurtful.
Nature works in harmony and balance, and now it is up to us to change our thinking and behavior, our relationships, and as a result, our common plight, including the current weak socio-cultural, economical system to become balanced and harmonious like nature. Behavioral economics describes the nature and power of human relations, their collaborations. It shows the extent to which tendencies and fundamental perceptions of human economics rely on values of mutuality. I believe that since the distorted desire and anxiety for economic survival is what created slavery and colonization of the indigenous people, therefore the new paradigm must rise one level higher and correct the problem created by the perversion; hence the solution would be normalizing natural human relations and connections at the economic level. Suppose we understand the critical impact that the nature of people's relations has on the economy. In that case, we will understand the economic system we must build to carry out its roles effectively and maintain its stability. Yet, not only must the economic focus change, the economic and financial systems being the reflections of human relations, the entire international community (United Nations, State governments, and other authoritative economic and financial Institutions) is required to support that solution that rearranges the system of human relations. When the economic relationship between African and African Diaspora in the Caribbean and North America begins to change toward bonding, unity, social cohesion, care for others, and mutual guarantee, we will all begin to see a positive socio-cultural paradigm improving accordingly.