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Essay / Research Paper Abstract
This 5 page paper provides an overview of the economic growth of Kenya and Tanzania as told by Lofchie. Agricultural factors and governmental control are each evaluated as factors. Bibliography lists 1 source.
Page Count:
5 pages (~225 words per page)
File: RT13_SA220Ken.rtf
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of financial life. Every nation is different. In the United States for example people attribute the great success of the nation to government monetary and fiscal policy in addition to
the support of the entrepreneur. And while that may be true, or not, in looking at poorer parts of the world, one sees on a smaller scale, capitalism in action.
Of course, that is not necessarily true in respect to the cause of an economic success story and for example, when evaluating the economic success of Kenya and its unexpected
decline in comparison with Tanzania, there are a few surprises. At the same time, by evaluating the factors present, one can glean information about economics and see in reality proof
that economic theories are accurate to some extent. Michael Lofchies (1993) analysis of the differences in the economic records of the nations of Kenya and Tanzania, reports on a continent
wide bias that went against agriculture. He goes on to say that despite an agricultural downturn, some nations have fared better than others (1993). The author goes on to
look at Kenya and Tanzania specially and notes that between 1965 and 1989, Kenya had in fact been able to achieve an average per capita increase in GDP compared with
a decrease for Tanzania. At the time, Tanzania would go on to become the worlds poorest nation (1993). The author goes on to point out--in order to be fair--that both
countries ranked among the worlds poorest; yet the author explains that while this is the case, Kenyas GDP per capita was more than triple that of Tanzanias (1993). Of course,
as the tale unfolds, one sees that the reverse will occur later on. In any event, the author goes on to try and explain this observation. In fact, it should
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