For the Mediterranean to become “a cemetery”, in the words of Italian prime minister Matteo Renzi, is bad for Europe’s sense of self-worth. Giuseppe Lami / EPA
For the Mediterranean to become “a cemetery”, in the words of Italian prime minister Matteo Renzi, is bad for Europe’s sense of self-worth. Giuseppe Lami / EPA

The rich world cannot live in an anti-migrant fortress



Unless the world is remade as a far fairer place, there is no real way to solve the grim problem posed by the hundreds who die in the Mediterranean Sea on their way to Europe from some benighted reality somewhere – Libya, Syria, Iraq, Mali, Senegal, Somalia, Bangladesh. No real way, that is, to solve it to everyone's satisfaction.

No matter the result of today’s EU heads of government talks, war and want will continue to send shoals of the uninvited – refugees and economic migrants – to the fantasy shores of the rich world. Europe, Australia and North America will continue to resent being made to feel responsible for all the wretched of the earth. The Catholic Pope will preach compassion. Demagogues of disparate stripe will deal in much noise and heat – migrants are a costly nuisance, a burden on finite space and resources, a threat to security and cultural cohesion and one’s daughters besides.

In conscience though, the matter has to be dealt with. Europe’s migrant crisis is worsening at an alarming rate: the International Organisation for Migration (IOM) estimates that nearly five times as many people died in the Mediterranean last year than in 2013.

In less than four months this year, the toll is 954 and that was before Sunday’s latest calamity at sea. For the Mediterranean to become “a cemetery”, in the bleak words of Italian prime minister Matteo Renzi, is bad for Europe’s sense of self-worth, let alone its image, its branding and its boast that it is a civilised force for good.

There are two ways to address elements of the problem.

First, restore refugees’ rights. Both the rich world and peaceful if poor countries need to recommit to the practical aspects of asylum-seekers’ right to seek refuge.

This should be a given, certainly for the desperate flows out of imploding countries such as Syria, Libya, Iraq and Yemen, where there is enough of an international consensus that conflict or civil war is under way. The right has existed since 1951 in the United Nations Convention and Protocol Relating to the Status of Refugees. The only real change it ever formally underwent was a broadening of scope in 1967 – refugees were no longer limited to persons fleeing events occurring within Europe before January 1, 1951 – but the convention has been severely restricted in practice since the 1980s.

That was when rich countries started to require a visa from people wishing to travel from places that were likely to generate asylum seekers. Subsequently, airlines were required to screen potential asylum-seekers before they left their home country or else face “carrier liability”.

In theory, the convention distinguishes refugees from other migrants if they are able to demonstrate “a well-founded fear of being persecuted”. In practice, asylum seekers have become just another sort of unwanted migrant, people who must be turned away.

The growing reluctance to take in refugees is reflected in the UN’s resettlement figures over a 30-year period from the 1970s. At the time, the UN High Commissioner for Refugees was resettling nearly a quarter of a million people a year. By the countdown to the millennium, it was fewer than 30,000. European Union member states now typically allow low refugee resettlement – just 7,525 in 2014 – although Germany granted humanitarian admission to a further 10,000 Syrians.

On Tuesday, EU ministers seemed to incline to a pilot programme of voluntary intakes. That is hardly enough, but there is a second strand of redress: providing legal, if limited, access for economic migration, in the form perhaps of guest worker programmes with set quotas.

The principle of redistributive justice requires nothing less, both from wealthy countries and those like China, India and Brazil that have got to middle-income status. In this respect, Brazil adopted a bold, rather unconventional response to the flow from dirt-poor Haiti after the devastating earthquake of January 2010. Recognising the inevitable – Haitians’ propensity to “chache lavi” or seek a better life – it started to issue “humanitarian visas” in Port-au-Prince, the Haitian capital.

This was done in the hope that Haitian migrants would not put themselves in the hands of so-called “coyotes”, people smugglers who charge prohibitively to take them via a perilous jungle route into the Amazon and across the border into Brazil.

Obviously, economic opportunity can never be made to stretch far enough to cover the millions who want to leave hellholes. No one has the answer to the broader issue – how to reconcile inequality of opportunity with the worldwide levelling of aspiration.

Even the liberal British journalist Jeremy Harding, who has written two impeccably reported books on the tide of humanity rolling northward to the rich world, had no stronger antidote than “rethinking the economic relationship between richer and poorer countries” and recasting migrants as economic “ferrymen” between the two worlds.

If that sounds far-fetched, so is the notion that the rich world’s anti-migrant fortress will hold up and hold fast. From Monday, a photograph of world leaders at the Charlie Hebdo march in Paris, digitally altered to show them floating in a rubber dingy on the Mediterranean, has gone viral. It bears the hashtag JeSuisBootvluchtelingen, a French-Dutch mix that roughly translates to “I am the boat people”.

The European fortress is already besieged by those harrowing images of drowning people. In death, they have entered the collective consciousness.

rroshanlall@thenational.ae

On Twitter: @rashmeerl

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India 443-7 (d) & 54-5 (27 ov)
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India lead by 346 runs with 5 wickets remaining

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Normcore explained

Something of a fashion anomaly, normcore is essentially a celebration of the unremarkable. The term was first popularised by an article in New York magazine in 2014 and has been dubbed “ugly”, “bland’ and "anti-style" by fashion writers. It’s hallmarks are comfort, a lack of pretentiousness and neutrality – it is a trend for those who would rather not stand out from the crowd. For the most part, the style is unisex, favouring loose silhouettes, thrift-shop threads, baseball caps and boyish trainers. It is important to note that normcore is not synonymous with cheapness or low quality; there are high-fashion brands, including Parisian label Vetements, that specialise in this style. Embraced by fashion-forward street-style stars around the globe, it’s uptake in the UAE has been relatively slow.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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THREE POSSIBLE REPLACEMENTS

Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.

Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.

Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.

Gulf rugby

Who’s won what so far in 2018/19

Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain

What’s left

UAE Conference

March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers

March 29, final

UAE Premiership

March 22, play-offs: 
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes

March 29, final