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East Africa's largest economy?
Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mkeiy wrote:A people's dictator is what will cure us. Democracy is excruciating slow. We are doing snail pace while others are doing Mach speeds. Actually less of government is what will cure us. Meaningful development is always driven by the private sector. Compare for example safaricom vs telkom. Less of government means less of taxes, less of bureaucracy, less of 'laws and regulations'. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mnandii wrote:Obi 1 Kanobi wrote:masukuma wrote:so.... Tokyo's GDP in 2007 was estimated to be 1.9 trillion dollars! on the other hand Africa's collective GDP in 2011 was 1.88 trillion dollars. This whole debate is about the taller dwarf!! Ethiopia is a taller dwarf! but we are all dwarfs!! This is the kind of nonsense mathematics that flies in the face of logic, @masukuma, do you believe that Tokyo is a larger economy than Africa. Hell you can even throw in the whole of Japan. If you were offered a choice of either Africa or Tokyo/Japan, what would you go for. Think the recent rebasing of the Nigerian economy, think the minerals lying underneath the Congo, think the Congo forest, think the beaches of East Africa, think the oil offshore west and southern Africa, think the Pyramids in Egypt, think the 1 billion man market. And yes, Ethiopia is damn impressive but as long as development is govt driven, the people will never trully benefit. Offering land to foreigners is nonsense. Having said that, Kenyans need to up their game, especially on governance Word! Its working in China, why shouldn't it work elsewhere? GOK ons 30% Telkom 40% Safcom. Incompetence brought down Telkom. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 2/18/2011 Posts: 448
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Very interesting debates on economy.Allow me to share a podcast i listened to recently,its titled Emerging Africa by Kingsley Chiedu,the current deputy governor of Central Bank of Nigeria.He delivered it at LSE during a LSE Africa talk.Informative,Incisive & quite enlightening and covers some debates highlighted in the thread http://www.lse.ac.uk/new...ents/player.aspx?id=2562
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Rank: New-farer Joined: 6/1/2010 Posts: 87 Location: Zimbalabala
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[quote=mibbz]Very interesting debates on economy.Allow me to share a podcast i listened to recently,its titled Emerging Africa by Kingsley Chiedu,the current deputy governor of Central Bank of Nigeria.He delivered it at LSE during a LSE Africa talk.Informative,Incisive & quite enlightening and covers some debates highlighted in the thread http://www.lse.ac.uk/new...nts/player.aspx?id=2562[/quote] Boss si you summarize what was on the podcast we all don't have time to listen to chinedu the drug dealer.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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murchr wrote:mnandii wrote:Obi 1 Kanobi wrote:masukuma wrote:so.... Tokyo's GDP in 2007 was estimated to be 1.9 trillion dollars! on the other hand Africa's collective GDP in 2011 was 1.88 trillion dollars. This whole debate is about the taller dwarf!! Ethiopia is a taller dwarf! but we are all dwarfs!! This is the kind of nonsense mathematics that flies in the face of logic, @masukuma, do you believe that Tokyo is a larger economy than Africa. Hell you can even throw in the whole of Japan. If you were offered a choice of either Africa or Tokyo/Japan, what would you go for. Think the recent rebasing of the Nigerian economy, think the minerals lying underneath the Congo, think the Congo forest, think the beaches of East Africa, think the oil offshore west and southern Africa, think the Pyramids in Egypt, think the 1 billion man market. And yes, Ethiopia is damn impressive but as long as development is govt driven, the people will never trully benefit. Offering land to foreigners is nonsense. Having said that, Kenyans need to up their game, especially on governance Word! Its working in China, why shouldn't it work elsewhere? GOK ons 30% Telkom 40% Safcom. Incompetence brought down Telkom. China changed to a capitalist system. On the issue of telkom vs safcom, it is the management that matters i.e the team that makes decisions is allowed to do so without bureaucracy e.g consulting the minister for example. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mnandii wrote:murchr wrote:mnandii wrote:Obi 1 Kanobi wrote:masukuma wrote:so.... Tokyo's GDP in 2007 was estimated to be 1.9 trillion dollars! on the other hand Africa's collective GDP in 2011 was 1.88 trillion dollars. This whole debate is about the taller dwarf!! Ethiopia is a taller dwarf! but we are all dwarfs!! This is the kind of nonsense mathematics that flies in the face of logic, @masukuma, do you believe that Tokyo is a larger economy than Africa. Hell you can even throw in the whole of Japan. If you were offered a choice of either Africa or Tokyo/Japan, what would you go for. Think the recent rebasing of the Nigerian economy, think the minerals lying underneath the Congo, think the Congo forest, think the beaches of East Africa, think the oil offshore west and southern Africa, think the Pyramids in Egypt, think the 1 billion man market. And yes, Ethiopia is damn impressive but as long as development is govt driven, the people will never trully benefit. Offering land to foreigners is nonsense. Having said that, Kenyans need to up their game, especially on governance Word! Its working in China, why shouldn't it work elsewhere? GOK ons 30% Telkom 40% Safcom. Incompetence brought down Telkom. China changed to a capitalist system. On the issue of telkom vs safcom, it is the management that matters i.e the team that makes decisions is allowed to do so without bureaucracy e.g consulting the minister for example. Lets avoid the capitalism vs communism theorem for a moment. That debate is usually propagated by the west to kinda glorify capitalism/demoncracy. Anyway. China is still very govt controled all major sectors of the economy be it financial to industrial have a very strong govt participation, infact if you are to look at the companies that have expanded out of china, the (MNCs),they are largely govt controlled. And so is Ethiopia. Chinas growth was realized when americans went in to take advantage of the cheap resources- labor in particular, and now the Chinese are going to Ethiopia to take advantage of cheap resources - labor and land. Even DJ CK is investing big in ET. http://www.businessweek....-vanishing-factory-jobs
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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Obi 1 Kanobi wrote:masukuma wrote:so.... Tokyo's GDP in 2007 was estimated to be 1.9 trillion dollars! on the other hand Africa's collective GDP in 2011 was 1.88 trillion dollars. This whole debate is about the taller dwarf!! Ethiopia is a taller dwarf! but we are all dwarfs!! This is the kind of nonsense mathematics that flies in the face of logic, @masukuma, do you believe that Tokyo is a larger economy than Africa. Hell you can even throw in the whole of Japan. If you were offered a choice of either Africa or Tokyo/Japan, what would you go for. Think the recent rebasing of the Nigerian economy, think the minerals lying underneath the Congo, think the Congo forest, think the beaches of East Africa, think the oil offshore west and southern Africa, think the Pyramids in Egypt, think the 1 billion man market. And yes, Ethiopia is damn impressive but as long as development is govt driven, the people will never trully benefit. Offering land to foreigners is nonsense. Having said that, Kenyans need to up their game, especially on governance 
Life is joy, death is peace, but the transition is very difficult.
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Rank: Member Joined: 9/2/2010 Posts: 845
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Africa and Kenya specifically is undermeasured. One Harvard study suggested that the informal economy in poor developing countries is 30-40% of formal GDP -> http://scholar.harvard.e...lity_may27_abstract.pdf
I would add: 1. Extensive corruption is synonymous with a large black market, underground economy and tax evasion. Corruption is a big problem in Kenya. 2. Though there are other factors involved, the growth of bank assets sometimes seems inconsistent with GDP growth. Tanzania GDP grew by 7% last year and bank assets increased by 15%. Kenya grew by 4.7% but in-country bank assets increased by 16%. Obi 1 Kanobi wrote:masukuma wrote:so.... Tokyo's GDP in 2007 was estimated to be 1.9 trillion dollars! on the other hand Africa's collective GDP in 2011 was 1.88 trillion dollars. This whole debate is about the taller dwarf!! Ethiopia is a taller dwarf! but we are all dwarfs!! This is the kind of nonsense mathematics that flies in the face of logic, @masukuma, do you believe that Tokyo is a larger economy than Africa. Hell you can even throw in the whole of Japan. If you were offered a choice of either Africa or Tokyo/Japan, what would you go for. Think the recent rebasing of the Nigerian economy, think the minerals lying underneath the Congo, think the Congo forest, think the beaches of East Africa, think the oil offshore west and southern Africa, think the Pyramids in Egypt, think the 1 billion man market. And yes, Ethiopia is damn impressive but as long as development is govt driven, the people will never trully benefit. Offering land to foreigners is nonsense. Having said that, Kenyans need to up their game, especially on governance All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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