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New term President elect Uhuru
Rank: Veteran Joined: 11/4/2008 Posts: 1,289 Location: Nairobi
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aemathenge wrote:FRM2011 wrote:I have started looking at Moi era with some respect. I DEMAND an apology. I hold you in great admiration but the moment you start using Moi Error and Respect in the same sentence ....... World Bank stopped lending to Kenya because of massive corruption. He wanted to borrow but the partners could not stomach someone borrowing to enrich himself.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Infrastructure investment produces the highest returns when it supports already-expanding cities and regions. Yet politicians' tendency is to spend in declining areas like those tarmac roads in the rural areas where goats bask in the tar. If the infrastructure spend can't pay for itself it's malinvestment-capital wasted with no net gain. There is an entire generation "maziwa ya nyayo" that is mostly likely to retire as serfs.
Uhuru's key task in the new term is to fire and replace his economic team if he has one at all.
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Rank: Veteran Joined: 9/19/2011 Posts: 1,694
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wukan wrote:Infrastructure investment produces the highest returns when it supports already-expanding cities and regions. Yet politicians' tendency is to spend in declining areas like those tarmac roads in the rural areas where goats bask in the tar. If the infrastructure spend can't pay for itself it's malinvestment-capital wasted with no net gain. There is an entire generation "maziwa ya nyayo" that is mostly likely to retire as serfs.
Uhuru's key task in the new term is to fire and replace his economic team if he has one at all. Could you be gracious enough and give an example of such a road? So in your theory, the rural centers should first grow into cities before we can build tarmac roads?
“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.” ― Walter C. Langer
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Kratos wrote:wukan wrote:Infrastructure investment produces the highest returns when it supports already-expanding cities and regions. Yet politicians' tendency is to spend in declining areas like those tarmac roads in the rural areas where goats bask in the tar. If the infrastructure spend can't pay for itself it's malinvestment-capital wasted with no net gain. There is an entire generation "maziwa ya nyayo" that is mostly likely to retire as serfs.
Uhuru's key task in the new term is to fire and replace his economic team if he has one at all. Could you be gracious enough and give an example of such a road? Tembea kenya you will see road where a vehicle comes after 4 hoursSo in your theory, the rural centers should first grow into cities before we can build tarmac roads? Yes there must be economic density to support the infrastructure. If a decent murram road will do why build a bullet-train.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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wukan wrote:Infrastructure investment produces the highest returns when it supports already-expanding cities and regions. Yet politicians' tendency is to spend in declining areas like those tarmac roads in the rural areas where goats bask in the tar. If the infrastructure spend can't pay for itself it's malinvestment-capital wasted with no net gain. There is an entire generation "maziwa ya nyayo" that is mostly likely to retire as serfs.
Uhuru's key task in the new term is to fire and replace his economic team if he has one at all. The govt doesn't undertake infrastructure projects eg roads, railways, water, sewer, dams, street lighting etc in order to make a profit. The aim is to improve the lives of the citizens.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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hardwood wrote:wukan wrote:Infrastructure investment produces the highest returns when it supports already-expanding cities and regions. Yet politicians' tendency is to spend in declining areas like those tarmac roads in the rural areas where goats bask in the tar. If the infrastructure spend can't pay for itself it's malinvestment-capital wasted with no net gain. There is an entire generation "maziwa ya nyayo" that is mostly likely to retire as serfs.
Uhuru's key task in the new term is to fire and replace his economic team if he has one at all. The govt doesn't undertake infrastructure projects eg roads, railways, water, sewer, dams, street lighting etc in order to make a profit. The aim is to improve the lives of the citizens. Who mentioned profit? Read it again. Where do the resources to undertake infrastructure projects come from? Why does the govt undertake feasibility studies before undertaking the projects? Where does the govt charge water tariffs, sewer services, toll stations if it's just improving the lives of citizens?
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Rank: Veteran Joined: 9/19/2011 Posts: 1,694
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wukan wrote:Kratos wrote:wukan wrote:Infrastructure investment produces the highest returns when it supports already-expanding cities and regions. Yet politicians' tendency is to spend in declining areas like those tarmac roads in the rural areas where goats bask in the tar. If the infrastructure spend can't pay for itself it's malinvestment-capital wasted with no net gain. There is an entire generation "maziwa ya nyayo" that is mostly likely to retire as serfs.
Uhuru's key task in the new term is to fire and replace his economic team if he has one at all. Could you be gracious enough and give an example of such a road? Tembea kenya you will see road where a vehicle comes after 4 hours I still insist you give an example so that we can chambua that road together and how unviable it is. So in your theory, the rural centers should first grow into cities before we can build tarmac roads? Yes there must be economic density to support the infrastructure. If a decent murram road will do why build a bullet-train. Your theory is contrary to reality. Upon construction of roads and infrastructure there is always major growth of centers along these roads which later develop into towns and later into cities. Kenyan history is awash with such examples (Machakos, Voi, Naivasha etc). Please give one example of where centers grow first then followed by transport network.
“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.” ― Walter C. Langer
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Kratos wrote:
Your theory is contrary to reality. Upon construction of roads and infrastructure there is always major growth of centers along these roads which later develop into towns and later into cities. Kenyan history is awash with such examples (Machakos, Voi, Naivasha etc). Please give one example of where centers grow first then followed by transport network.
You are getting the theory wrong. Not all infrastructure investment is bad especially if it addressing a bottle-neck that infrastructure will pay for itself e.g. Thika road. The theory is that infrastructure led growth strategy(China model) like that pursued by the jubilee administration creates a short term boom followed by harmful macroeconomic consequences i.e. inflation, currency collapse. If the infrastructure costs are higher than the economic benefit it generates that's value destruction in the economy. What industries are there in Machakos and Voi or in the numerous small centers along these roads? Naivasha maybe the flower farms. For an example go to Gikomba market that place has no infrastructure, no roads, not even a fire station yet it grows. Quote:'It is a myth that China grew thanks largely to heavy infrastructure investment. It grew due to bold economic liberalisation and institutional reforms, and this growth is now threatened by over-investment in low-grade infrastructure. The lesson for other markets is that policy makers should place their attention on software and deep institutional reforms, and exercise far greater caution in diverting scarce resources to large-scale physical infrastructure projects, Dr Ansar- Does infrastructure investment lead to economic growth or economic fragility? Evidence from China Quote:We conclude that, contrary to the conventional wisdom, infrastructure investments do not typically lead to economic growth. Overinvesting in underperforming projects instead leads to economic and financial fragility. For China, we find that poorly managed infrastructure investments are a main explanation of surfacing economic and financial problems. We predict that, unless China shifts to a lower level of higher-quality infrastructure investments, the country is headed for an infrastructure-led national financial and economic crisis, which—due to China’s prominent role in the world economy—is likely to also become a crisis internationally. China is not a model to follow
for other economies—emerging or developed—as regards infrastructure investing, but a model to avoid.
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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We have a problem nobody wants to talk about. Of the 300b given to counties every year, what percentage of this generates 'real' wealth to feed back to the center?
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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