Gov Alex Otti’s Economic Strategies and Pareto Principle (Part 1

There is always a window of economic opportunity in any situation – whether good, bad or ugly. On the other hand, real economic solutions don’t happen on their own but are products of strategic thinking and planning. One of the strategic approaches to proffering solutions to economic challenges is the Pareto Principle, also known as 20-80 Rule. The principle was developed in 1896 by an Italian economist called Vilfredo Pareto.  It focuses on the identification of and dealing with the small percentage (20%) of any human challenges that are responsible for…

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