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Archive for December, 2012

Immigration myths debunked! part 2

27 Dec

The myth: Many asylum seekers are illegal

The fact:

  • The UK signed the 1951 convention on refugees, which means that by law anyone has the right to apply for asylum in the UK and remain until a final decision on their application has been made. Therefore, by definition there is no such thing as an illegal asylum seeker.

The myth: The UK is ‘swamped’ by huge numbers of refugees and asylum seekers

The fact:

  • There are 12 million refugees around the world, the majority of who are living in less developed countries; 72% of the global refugee population are in less developed countries and only 28% in the first world.
  • In essence, UK hosts only 1-2% of the world’s refugees and asylum seekers.

Although not comprehensive in any way, this account will hopefully help to do away with some of these myths on immigration; it actually does have some pros that should be accepted and embraced.

 
 

Immigration myths debunked!

17 Dec

Some will argue that immigration has become somewhat of a lifeline for the developed world’s economy, yet others still believe that immigrants have become a burden to the British economy and society at large. Are the latter claims founded, or are they xenophobic attempts to justify discrimination against foreigners?

Maybe for some odd reason this is the picture of immigration that you have…

I have made an attempt to debunk some of the myths about immigration and immigrants in the UK by giving a few facts to counter these myths.

The myth: Immigration leads to unemployment

The facts:

  • Immigrants actually do the jobs that most native workers do not want or cannot do. Large areas of the health service and transport would collapse without workers from abroad
  • About a fifth of the people who do the vital job of caring for our older people were born abroad.

The myth: Migrants cause the housing crises

The facts:

  • There are two bedrooms for every person in the UK. The real problem is not the shortage of houses but rather the distribution; housing is distributed according to what people can afford not what they need.
  • There are nearly a million empty properties in Britain. The problem stems from the control by private developers and landlords.
 
 

11 Dec

You probably hear the financial reporter on the nightly news say something like “the Kenyan shilling fell against the pound today”, but what does that mean?

I, being the average citizen, am clueless when it comes to matters of money, so I have no idea what exactly affects the exchange rates and the value of currencies in the world.

National currencies are not always accepted in another country, so an exchange rate allows you to buy a different currency to allow you to trade in that country.

In lay man terms, a currency is worth whatever buyers are willing to pay for it. This is determined by supply and demand, which is in turn driven by foreign investment, import/export ratios, inflation, and a host of other economic factors. This is known as a floating currency.

A pegged, or fixed system on the other hand, is one in which the exchange rate is set and artificially maintained by the government. The rate will be pegged to some other country’s dollar, usually the U.S. dollar. The rate will thus not fluctuate from day to day.

A floating currency is suitable for countries with mature, stable markets whilst the fixed currency is perfect for countries that have immature potentially unstable economies.

 
 

Not booming… but still growing

03 Dec

Experts say growth prospects remain firm and are projecting a 4.5 percent growth up. The forecasts are based on positive trends being witnessed among key economic segments.

Increased foreign investments, good rainfall and radical reforms in key socio-political and economic realms are some of the important factors that have driven meaningful economic growth in the country.

Good rainfall that was received across the country will result in good agricultural yields, while ongoing investments are injecting direct foreign capital into the economy as major reforms shake up governance. According to Renaissance Capital Kenya, this will in turn restore the country’s goodwill and confidence among strategic trading partners.

Kenya’s stuttering economic growth has been a causing a nightmare to its citizens, investors alike, who will certainly be relieved by these projections. The economy has shown resilience from the effects of the debilitating 2007/8 post election rukus which pushed it to the precipice.

Aftershocks of the global economic meltdown also trickled down to key economic segments occasioning cash crunch and liquidity challenges.

This, coupled with a prolonged drought recently made more than 10 million Kenyans depend on relief food and forced the government to seek international support to raise Ksh30billion for food.