Kenya is a states that is a part of The African Nation. Talk about the current issues dealing with Kenya, and how they compare to China on such factors as investments, globalization (good or bad), macroeconomics, is traffic good or bad, government, deficits, inflation, money supply, statistics analysis, exchange rate, domestic economy, where the county is emerging.
The current problems with each country. What are some of the opportunity they are facing?
What are some of the criticisms they are facing?© BrainMass Inc. brainmass.com October 24, 2018, 10:14 pm ad1c9bdddf
Interesting assignment! One approach to help you with this type of assignment is to locate information for each country on the dimensions mentioned, which you can draw on for your comparisons. This is the approach this response takes.
Briefly, China is clearly better off economically than is Kenya, with an inflation rate (1.7%) as compared to Kenya (14.5%). Kenya has a high unemployment rate (40%) with higher rate of disease and natural disaster concerns. The economy and investment potential are also better in China as compared to Kenya. Transportation and travel is better in China than in Kenya. See the following facts and figures for other comparisons. China is larger and comparable to the United States (total 9,596,960 sq km) than Kenya (total: 582,650 sq km), which is about twice the size of Nevada. This physical size difference might need to be considered when making the comparisons, such as the large difference in the number of roads and airports.
I also attached an extra resource on China.
Let's take a closer look.
QUESTION: Kenya is a state that is a part of The African Nation. Talk about the current issues dealing with Kenya. And how do they compare to China In investments, globalization e.g. good or bad, marco-economics, is traffic good or bad, government, deficits, inflation, money supply, statistics analysis, exchange rate, domestic economy, were county is emerging. What are the current problems with each country? What are some of the opportunity they are facing? What are some of the criticisms they are facing?
1. Kenya, Africa
At one time is was controlled by the Arabs, seized by the Portuguese, explored by whomever, eventually leased to the British East Africa Company, and then finally gaining its independence from Great Britain in 1963. (1)
Founding president and liberation struggle icon Jomo KENYATTA led Kenya from independence in 1963 until his death in 1978, when President Daniel Toroitich arap MOI took power in a constitutional succession. The country was a de facto one-party state from 1969 until 1982 when the ruling Kenya African National Union (KANU) made itself the sole legal party in Kenya. MOI acceded to internal and external pressure for political liberalization in late 1991. The ethnically fractured opposition failed to dislodge KANU from power in elections in 1992 and 1997, which were marred by violence and fraud, but were viewed as having generally reflected the will of the Kenyan people. President MOI stepped down in December 2002 following fair and peaceful elections. Mwai KIBAKI, running as the candidate of the multiethnic, united opposition group, the National Rainbow Coalition (NARC), defeated KANU candidate Uhuru KENYATTA and assumed the presidency following a campaign centered on an anticorruption platform. KIBAKI's NARC coalition splintered in 2005 over the constitutional review process. Government defectors joined with KANU to form a new opposition coalition, the Orange Democratic Movement, which defeated the government's draft constitution in a popular referendum in November 2005. (2)
PROBLEMS AND CONCERNS:
Natural Hazards and concerns: The long term impact of severe droughts, flooding during rainy seasons, and the greatly increased population are major concerns. (1)
Environmental Concerns: water pollution from urban and industrial wastes; degradation of water quality from increased use of pesticides and fertilizers; water hyacinth infestation in Lake Victoria; deforestation; soil erosion; desertification; poaching (2)
FACTS AND FIGURES
Official Name: Republic of Kenya
Capital City: Nairobi
Languages: Swahili (official), English (official), others
Official Currency: Kenya Shilling
Religions: Protestant, Catholic, traditional beliefs
note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2007 est.) (2)
Land Area 566,970 sq km (218,907 sq miles)
Highest Point Mt. Kenya (5,199 meters), first climbed in 1899 by English geographer, Sir Halford MacKinder. (1)
KENYA: Other facts and statistics from CIA World Fact Book:
Population Growth Rate: 2.799% (2007 est.)
Life expectancy: 55.31 years
Nationality: Kenyan(s), Kenyan
Ethnic groups: Kikuyu 22%, Luhya 14%, Luo 13%, Kalenjin 12%, Kamba 11%, Kisii 6%, Meru 6%, other African 15%, non-African (Asian, European, and Arab) 1%
Religion: Protestant 45%, Roman Catholic 33%, Muslim 10%, indigenous beliefs 10%, other 2%
note: a large majority of Kenyans are Christian, but estimates for the percentage of the population that adheres to Islam or indigenous beliefs vary widely.
HIV/AIDS - adult prevalence rate: 6.7% (2003 est.)
HIV/AIDS - people living with HIV/AIDS: 1.2 million (2003 est.)
HIV/AIDS - deaths: 150,000 (2003 est.)
Major infectious diseases: degree of risk: very high - food or waterborne diseases: bacterial and protozoal diarrhea, hepatitis A, and typhoid fever vectorborne disease: malaria is a high risk in some locations water contact disease: schistosomiasis (2007)
Government type: republic
Constitution: 12 December 1963; amended as a republic 1964; reissued with amendments 1979, 1982, 1986, 1988, 1991, 1992, 1997, 2001; note - a new draft constitution was defeated by popular referendum in 2005
Legal system: based on Kenyan statutory law, Kenyan and English common law, tribal law, and Islamic law; judicial review in High Court; accepts compulsory ICJ jurisdiction with reservations; constitutional amendment of 1982 making Kenya a de jure one-party state repealed in 1991.
Suffrage: 18 years of age; universal
Political pressure groups and leaders: Human rights groups; labor unions; Muslim organizations; National Convention Executive Council or NCEC, a proreform coalition of political parties and nongovernment organizations [Ndung'u WAINANA]; Protestant National Council of Churches of Kenya or NCCK [Mutava MUSYIMI]; Roman Catholic and other Christian churches; Supreme Council of Kenya Muslims or SUPKEM [Shaykh Abdul Gafur al-BUSAIDY]
The regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded Kenya's problems, causing water and energy rationing and reducing agricultural output. As a result, GDP contracted by 0.2% in 2000. The IMF, which had resumed loans in 2000 to help Kenya through the drought, again halted lending in 2001 when the government failed to institute several anticorruption measures. Despite the return of strong rains in 2001, weak commodity prices, endemic corruption, and low investment limited Kenya's economic growth to 1.2%. Growth lagged at 1.1% in 2002 because of erratic rains, low investor confidence, meager donor support, and political infighting up to the elections. In the key December 2002 elections, Daniel Arap MOI's 24-year-old reign ended, and a new opposition government took on the formidable economic problems facing the nation. In 2003, progress was made in rooting out corruption and encouraging donor support. Since then, however, the KIBAKI government has been rocked by high-level graft scandals. The World Bank suspended aid for most of 2006, and the IMF has delayed loans pending further action by the government on corruption. The scandals have not seemed to affect growth, with GDP growing more than 5% in 2006.
GDP (purchasing power parity): $41.48 billion (2006 est.)
GDP (official exchange rate): $17.49 billion (2006 est.)
GDP - real growth rate: 6.1% (2006 est.)
GDP - per capita (PPP): $1,200 (2006 est.)
GDP - composition by sector:
services: 59.2% (2004 est.)
1.963 million (2006 est.)
Labor force - by occupation:
industry and services: 25% (2003 est.)
Unemployment rate: 40% (2001 est.)
Population below poverty line: 50% (2000 ...
This solution provides facts and information on current issues facing Kenya and then compares Kenya and China on a number of dimensions, such as the economy, investments, globalization (good or bad), macroeconomics, is traffic good or bad, government, deficits, inflation, money supply, statistics analysis, exchange rate, domestic economy, and current problems and opportunities for each country and some criticisms they are facing as well.
Imposing the Trade Barrier
1. Please refer to this link: http://www.reuters.com/article/2010/06/23/us-usa-china-trade-idUSTRE65M4KJ20100623
- Based on the Chinese government's standpoint, is it logical to impose the trade barrier?
- Nowadays, China drives the global economy. So if the trade barrier is reduced, the Chinese economy will go down and this affects the economy of the whole world. Do you agree or disagree with this argument?
2. Your firm is considering exporting to two countries: Kenya and Vietnam. However, management's knowledge about these countries' trade policies and barriers is limited. Conduct a search using GlobalEdge(http://globaledge.msu.edu/) and other sources to identify the current import policies, tariffs, and restrictions in these countries. What recommendations would you make to management? I am looking for a PowerPoint (this is not a paper).View Full Posting Details