Economic growth is defined as a positive change in the level of production of goods and services by a country over a certain period of time. It is usually measured using GDP and labour earnings. Economic development is defined as sustainable increase in living standards. It entails increased per capita income, better education and health as well as environmental protection. Characteristics of economic growth 1. Education: A country with an educated populace generally records higher levels of GDP growth due to fact that educated people are more productive and can innovate on existing technology. Kenya currently has a free primary education program with this goal in mind. This strategy may proof to be less effective than expected …show more content…
Unfortunately the rule as written on paper doesn’t always translate to truth on the ground. Cases of historical injustice and dominance of the rich over the poor has grown to be the norm. With the liberalization of the market this situation may improve in the near future. 3. Geographic distance Hall and Jones (1999) found that geography (measured as distance from the equator) was among the most significant variables behind differences in per capita output across the nations Kenyans have settled mostly in urban areas spurring economic growth there and rejecting the rural areas. This has had the cumulative effect of inequitable distribution of wealth with people living in more wealthy suburbs having a higher quality life than those in slums and rural areas. 4. Skilled labour Earnings of skilled and unskilled labour have a very wide disparity in terms of compensation and working conditions. Kenya according to UNICEF statistics has a literacy level of 72%. This is among one of the highest in Africa. The effect of this hunger for knowledge is manifested in the emergence of many tertiary institutions and even more positively the spread of Kenyan professionals to the larger East Africa. 5. Institutional quality The institutions of government, religion and society are fundamental to robust economic growth. In the constitution Kenya is explicitly defined as a secular state, however in the
Economic Development: Growth is associated with structural, social change and change in the important institutions of the economy.
Economic growth is an increase in the capacity of an economy to produce goods and services from one period of time to another. In simple terms, it refers to an increase in aggregate productivity.
Economic growth refers to the output of goods and services produced per capita in a nation over time. It is measured as the percent rate of increase in Real Gross Domestic Product(GDP) which is the value of total productions produced by an economy in
Economic growth is a common term used by economists to describe in increase in production in the long run. According to Robinson (1972) economic growth is defined as increases in aggregate product, either total or per capita, without reference to changes in the structure of the economy or in the social and cultural value systems. The basic tool of measuring the economic growth includes the real GDP. It provides some quantitative measures in terms of the production volume.
In “Racial Disparity in Capital Punishment and its Impact on Family Members of Capital Defendants,” Jennifer Schweizer pointed out the ongoing racial disparity in capital punishment and how it affects family members of African American capital defendants. Additionally, racial disparity affects the different stages of the death penalty process, from charging through sentencing and execution. Moreover, African American families have a higher likelihood of being impacted by capital punishment. Schweizer examined how the death penalty influenced family members of capital defendants. The south has the biggest death row population. Death sentences are greater in states that have a past of lynching.
The Bible has been translated into 451 languages, sold over 6 billion times, and depicted in over 40 movies. The Bible and the crucifixion of the Messiah are prominent aspects in cultures all around the world today. The death, burial, and resurrection of Jesus Christ has been translated, dramatized, televised, adapted, and cartooned. In “The Dream of the Rood,” translated by R.M. Liuzza, the Biblical cross comes to life to tell its own version of Christ’s death and resurrection. The author recreated the Biblical account to appeal to the Anglo-Saxon warrior group to effectively convert them. However, the story from the cross’s perspective matches the crucial material of the Biblical account of the crucifixion without defaming Christ.
Economics growth is, it the short run an increase in real GDP and in the long run an increase in the productive capacity of an economy (the maximum output that the economy can produce). GDP stands for Gross Domestic Product which is the country’s production of goods and services valued at market price in a given time period. Real GDP is when these figures are corrected for inflation using a base year (The UK uses 2003 as its base year). It can be measured in three different ways; the output measure is the value of the goods and services produced by all sectors of the economy; agriculture, manufacturing, energy, construction, the service sector and government. The
Drakes Hotline Bling video is four minutes and fifty five seconds filled with beautiful women, vibrant colors and witty dance moves. The video starts off in a call center filled with beautiful young women wearing pink t-shirts and fitted blue jeans. They are all on the phone talking to men about random things. The office is plain white and grayish the women add flavor to the scene balancing out the scenes overall intentions. I believe that Drake is trying to show the viewer that all women think alike and want the same thing in a relationship with this first scene. The hotline bling instrumental than starts to play than here comes Drake himself in the next scene. He is shown dancing in a mellow yellow rectangular box wearing a puffy red jacket, gray
Many studies have demonstrated the idea that institutions are the main factor of economic development because empirical evidence points to strong institutions being able to determine large growth of GDP per capita. Although the characteristics of strong institutions can be described as the potential fundamental cause of economic growth, the effects of geography and materials available to different certain regions have a huge hand in properly developing a society economically and allowing for further growth. The resources of the countries heavily depend on the raw materials available to each region and the kinds of animals they are able to domesticate. This is where the argument circulates around in which geography is a large determinant of whether a civilization or society can prosper in a certain area or not.
Though Kenya’s impoverished and underdeveloped conditions were certainly not highlighted in the film, I believe it is important to observe. These conditions are best displayed by the state of the primary school. In the film, students were forced to sit 5 students to a desk and were crammed into a tiny room. Moreover, the Kenyans were highly grateful for the concept of free education. This highly contrasts the state of American schools, which are typically well funded. Americans are used to the concept of free education, so much so, that people now desire free higher education. I believe this theme is important to note because it is the key difference between the Kenyan and American
In the past when I would think of Kenya I would think of wild animals, African tribes, and AIDS. When I met Wanjiku an international student from Kenya she told me many things about the culture of her country. I know from talking and working with her that they value friendship and believe in hard work.
Kenya is also the preferred entry point for companies wishing to expand further in the region. Moreover, East Africa’s largest economy is one of the most innovative on the African continent, which bodes well for future economic development.
Economic growth refers to the rate of increase in the total production of goods and services within an economy. Economic growth increases the productivity capacity of an economy, thereby allowing more wants to be satisfied. A growing economy increases employment opportunities, stimulates business enterprise and innovation. A sustained economic growth is fundamental to any nation wishing to raise its standard of living and provide a greater well being for all. Gross domestic product (GDP) is the monetary value of all final goods and services produced over a year. It is the total value of production within the economy. The total value of production is the total value of the final goods or services less the cost of
Education is one of the primary factors of development. Countries can’t achieve economic development without investment in human capital. Vocational training and higher education equip a worker to perform certain jobs or functions .It improves the quality of their lives and leads to social benefits to individuals and society like improving income distribution. Education increase people's productivity and creativity and promotes entrepreneurship and technological advances. Technological progress reflects the growth of human knowledge.
Education improves living standards, a good look at this would be to travel from Canada to Africa, a huge difference is instantly