One week ago, president Barack Obama spoke to a group of about 4,500 people in Nairobi, the capital of Kenya. He opened his speech speaking briefly about Kenya’s history. Much like the United States, Kenya moved from colonialism to independence. Then President Obama spoke about the future that a developing country like Kenya can have. He urged the Kenyan people to begin building their better future immediately. He said, “”Because of Kenya’s progress — because of your potential — you can build your future right here, right now,” He talked about things that need to change in order to keep the fast growing Kenyan economy continued on this path.
First and most importantly is the enforcement of the rule of law. Right now there is plenty of corruption in Kenya. If there is no rule of law then there is no order. With no order comes no growth. Secondly, improvements in health and education are needed to increase productivity and quality of Kenyan life. Lastly, in order to increase its economic growth, Kenya needs to implement policies that promote both technological change, and saving/investment. Right now, the Kenyan people are not putting their money into banks because there is no guarantee that the money will still be there when it is needed. Since no one puts their money into banks, businesses can not take out loans to expand their business. President Obama did a great job in pointing some of these key factors out to help the underdeveloped country of Kenya to have stable growth.
http://www.foxnews.com/politics/2015/07/26/obama-in-africa-says-kenya-at-crossroads-between-peril-and-promise/
cpe5047 says
Good article choice. I like how you tied it back to what we learned in Economics. I think that if Kenya can follow those rules they will see a great advance in quality of living.
gvl5144 says
Very good examination of the situation in Kenya, this was a very detailed and informative article.
Zach Robinson says
Good job explaining the current economic situation in Kenya and the reason for Obama’s visit. Just remember to put some kind of rhetorical examination in there. Other than that, really liked the article!