Analysis Of The Economic Bases And Development Of

ANALYSIS OF THE ECONOMIC BASES AND DEVELOPMENT OF KENYA Abstract The country I chose for my search analysis is Kenya, a country in eastern hemisphere Africa. It has a population of about 40 Million peck of divers(prenominal) cultures. The capital city of Kenya is called Nairobi. Ever since my childhood, I have invariably had a great interest in this African country, and run by many an(prenominal) things about it. This has often prompted me to keep au fait with the various trends, developments and occurrences in Kenya. The climatic condition of this country is exceptionally favorable as it varies from humid to dry temperature. It has rich born(p) resources and wildlife plus amazing geographical features. It has a rich cut in of various languages but the official languages are English and Kiswahili. Kenya has witnessed pertly sparing growth and a drastic reduction in its exotic debt. It has latterly attracted foreign investment hence wind up my interest of analyzin g its economicalal bases and levels of development. This paper thitherfore analyzes the various economic parameters in Kenya with the view of establishing its major economic bases and examining its level of development. submission In the early independence days, the Kenyan economy was characterized by mainly subsistence agriculture and barter of goods.

There was much foreign swap received from the exports of agricultural products including tea and coffee. With the newly acquired independence, the establish antiauthoritarian government promoted a mixed economy comprised of both state-run and privately owned businesses. The fruits of this diversification of the economy were witnesse d in many aspects including change magnitud! e stability, make upd employment opportunities and amplyer economic growth in the earlier years of independence (Kempe, 2011). However, there emerged an oil crisis in the 1970s and periodic droughts coupled with high population increase which have always threatened the roaring Kenyan economy. Today, the Kenyan economy is greatly...If you want to get a full essay, fellowship it on our website: OrderEssay.net

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