Economy and Development
Economy and Development In Kenya there is a fascinating intersection between the local and world economy. It is possible to get a full lunch of locally grown and cooked food, with tea, for around 100Ksh (£0.70). Yet, a chocolate bar will cost upwards of 250Ksh as many of the inputs are priced internationally. This points to the wider reality for capital goods within Kenya. Business machinery like cars and electrical generators are priced on an international commodity scale as their supply chains are inherently internationalised. Whilst at the same time, locally produced products remain very cheap. Within the economy this leads to a constriction of capital investment as you have to sell a serious amount of lunches to afford the car that will let you purchase produce directly from the farms, for example. It is easy to imagine how this plays out in a wider sense throughout the economy. It confirms much of what I have read about the importance of financing investment within developing