The actual universe, Dr Ndii, is that Kenya is not in a free fall. In fact, Kenya is on the up as the economic indicators show (see figure).
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Gakuru was so underwhelming, his types make it so easy for Ndii
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If you did comparative analysis anywhere huko Tz ungejua…its not all about data. When you compare say the economy of brazil and Kenya,you don’t need to show Brazil is ahead because it has manufactured 200 Embraers and Kenya has produced 0. Unless you are explaining to a Baboon. Its enough just to say Brazil has an aeroplane manufacturing company while Kenya has none.
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They want figures of how Las Vegas is doing after the major projects that turned that godforsaken Nevada desert into sin city
The one thing I always find interesting, for lack of a better word, is that despite all the bashing Ndii gets it still is apparent to all and sundry that the economy is limping and has been for a while. But then again, I’m no economist of any hue.
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Prof.Mwangi Kimenyi and Dr. Bitange Ndemo have at one point or another differed with Dr. Ndii’s assertions.
But their opinions were highly informed, well researched and well presented without resort to emotional and personal opinions on Dr Ndii…
Here is the link to Prof. Kimenyi’s article…
http://www.nation.co.ke/oped/Opinion/mega-projects-fight-poverty-growth/440808-2522946-ll30xlz/index.html
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Read Gakuru again and you will realize that his focus, approach and depth is similar to Kimenyi and infact Gakuru goes as far as giving some data. What figires has Kimenyi given? Kimenyi like Gakuru has cited the known knowns such as America’s mega projects that Gakuru has cited too. Kimenyi quotes a Nobel Laurete Gakuru quotes a Harvard scholar with experience in megaprojects. Kimenyi describes China’s button industry, Gakuru shows us America’s sin city. The only other difference (the other being use of graphs) is the tone. Kimenyi is conciliatory and middle of the aisle, while Gakuru is bare-knuckled.
I have never seen or read any article by the good doctor that hints at a rebuttal. that is beneath him… no one has come out clearly to issue counter factual position to what Dr. Ndii has always penned in his articles, they are usually some waxy lyrics but no substantive arguments. we are where we are as an economy because like the proverbial ostrich we prefer to stick our heads in the sand than face the realities… but hey, let them come out blazing with the defenses but the fact still remains we all are in this economic quagmire.
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UoTP
I am no economist myself but what I find interesting in all this economic growth story is the small detail regarding record job losses, corporate failures and profit warnings. Someone explain to me why companies are laying off staff and announcing profit warnings on a massive scale in the face of unprecedented economic growth.
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well the growth is in the consumptive sectors and mostly attributed to the heavy infrastructure development, enabling monetary policy environment as well as good agricultural performance as well as the low oil prices that we have been experiencing. on the flipside the distribution of this expansion of the GDP is what is of interest. there has not been a trickle down effect and hence the waning consumer purchasing power. well if we look at out credit market, there has been a contraction of the amount of credit that is available to the SMEs this is mainly attributed to the interest rate capping, it is projected to worsen and companies are cutting their losses and reigning in on costs, there has been a resurgence of oil prices therefore expect that our production costs to be hit. this is a concern to the manufacturing sector… couple increased cost of credit as a result to resorting to unconventional credit markets, as well as increased energy costs… you tell me how the outlook is? Interest rate capping has severely affected the SMEs and faced with limited Capitalization, they would sacrifice labour to stay afloat…
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A good explaining sir, but pretend for a moment that we are idiots and approach the issue as laymen. How would you rate the quality of an ordinary citizen’s life in 2017?
Heheheee umepewa dose ya Huxley’s soma. And guess who is dishing it to you? Heheeee
Prepare for tough times ahead is all i can say!
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Prepare for better times. The positive effects of the economic enablers coming to your town
Umejibu swali langu?