kaifastus wrote:murchr wrote:kaifastus wrote:Natural resource boom leads to disappointing employment and growth outcomes...
1.Oil industry unable to absorb large amounts of labor.
2.labor intensive sectors agriculture,manufacturing and construction benefit the poor directly(I Noticed that these are low productivity sectors)
These are conclusions derived from a world bank paper i was looking at. Link
http://www-wds.worldbank...endered/PDF/wps6250.pdf Can that be said of Bostwana? What about Angola where Portugues are flooding in search of jobs since there are none in their country. What about Norway.
That blanket statement holds no ground
REALLY??
Kenya govt will have a big problem managing expectations.The youth will expect jobs immediately oil/cash starts flowing. however jobs being churned out in this sector are very few and have least linkages with other sectors.
The formula for sharing proceeds with external investors is not clear. i feel its gonna take a long time before tullow recovers its investments..as for the GOK these funds will be used to lay necessary oil infrastructure,or pay back such debt if the infrastructure will be in place.
@CDE and MKEID its so easy for you to expect the oil cash to suport employment creating sectors like agriculture and construction,but that could happen 15 years later .
How do we manage youths expectations?? we could have unrest or even civil strife if the issue is politicized
Just incase u havent noticed, there have been so much talk of how the oil industry doesnt create so many jobs. Thats why GOK is concentrating on other sectors (the by products if u like).
Pls, dont take blanket statements made by the WB to be the IT. They rubbished so many policies that were implemented by this govt which have inturn proved to be very wise.
On Tullow, look for the oil sharing agreement iko hapa wazua
"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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