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Kenya Christopher Adam (Reader in Development Economics, Department of International Development, University of Oxford)

Kenya By Christopher Adam (Reader in Development Economics, Department of International Development, University of Oxford)

Summary

This volume examines the key economic policy challenges faced by Kenya, and provides an informed, non-partisan debate on its economic policy options. Written in a non-technical manner by leading scholars in the field, the chapters address key challenges in agriculture, trade, employment, migration, education, finance, and investment

Kenya Summary

Kenya: Policies for Prosperity by Christopher Adam (Reader in Development Economics, Department of International Development, University of Oxford)

This is the first volume in a new series Africa: Policies for Prosperity. For the first time in more than a generation, sustained economic growth has been achieved across the continent - despite the downturn in global economic fortunes since 2008 - and in many countries these gains have been realized through policy reforms driven by the decisive leadership of a new generation of economic policymakers. The process of reform is continuous, however, and the challenge currently facing this new generation is how to harness these favourable gains in macroeconomic stability and turn them into a coherent strategy for sustainable growth and poverty reduction over the coming decades. These challenges are substantial and encompass the broad remit of economic policy. Each volume in this series brings leading scholars into the policy arena to examine these challenges and to lay out, in a rigorous but accessible manner, key challenges and policy options facing policymakers on the continent. Kenya has experienced a period of high and sustained growth since the mid 1990s, growth that has involved economic transformation away from a heavy reliance on traditional economic activities towards an emerging manufacturing economy. But this process, and the economic and social stability that had come to characterize Kenya, have been severely tested by the post-election violence of 2008. Restoring equitable growth and sustaining the structural transformation of the economy is essential if Kenya is to leave this period behind. The chapters in this volume address the key issues that will face economic policy makers in the coming years. They cover the conventional but central questions of finance and macroeconomic management, but also much deeper structural issues of trade, employment generation and education; of land policy, migration and urbanization; and the fiscal challenges facing an ageing but increasingly urbanized, and increasingly affluent, society.

Kenya Reviews

This is a deceptively good book...an exemplar of the new development economics...a lively and exciting read. It is also likely to nourish the domestic debate in Kenya that is essential for society to be informed and hence empowered to hold its leaders accountable. * Economic Development and Cultural Change *

About Christopher Adam (Reader in Development Economics, Department of International Development, University of Oxford)

Christopher Adam studied economics at the University of St Andrews in Scotland and at Nuffield College, Oxford. His research is primarily on the macroeconomics of low-income economies, particularly those of Sub-Saharan Africa. He is a Research Associate at the Centre for the Study of African Economies, Fellow of the European Development Network, Visiting Professor at the University of Clemont-Ferrand, France and occasional Visiting Scholar at the IMF. He currently serves as Lead Academic for Tanzania for the International Growth Centre and is Vice Chair of the Board of the African Economic Research Consortium. From 1998 - 2003, Paul Collier, CBE, was Director of the Development Research Group of the World Bank. He is the author of several books including 'The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It' which won the Lionel Gelber, the Arthur Ross and Corine prizes. His most recent book is 'The Plundered Planet: Why We Must and How We Can Manage The World's Natural Resources to Ensure Global Prosperity'. His research covers the causes and consequences of civil war; the effects of aid and the problems of democracy in low-income and natural-resources rich societies. Njuguna S. Ndung'u is on leave of absence from the University Nairobi. Professor Ndung'u is an Associate Professor of Economics at the University of Nairobi and holds a PhD in economics from the University of Gothenburg, Sweden. Prior to his appointment as Governor of the Central Bank of Kenya, he was the Director of Training at the African Economic Research Consortium. He also worked as the Regional Programme Specialist for the Eastern and Southern Africa Regional Office, Nairobi, of the International Development Research Centre (IDRC), Canada; and at the Kenya Institute of Public Policy Research and Analysis (KIPPRA) as a Principal Analyst/Researcher and Head of the Macroeconomic and Economic Modelling Division. A long-time researcher and trainer with the AERC and MEFMI networks, he has published in international journals as well as chapters in various books on economic policy issues.

Table of Contents

1. Introduction ; PART I: STRATEGIC CHOICES ; 2. Strategies for Growth ; 3. Unlocking the Future Potential for Kenya: The Vision 2030 ; 4. Growth Analysis and Diagnostics for Kenya ; PART II: THE MACROECONOMIC ENVIRONMENT ; 5. Fiscal Policy in Kenya: Looking Toward the Medium to Long-term ; 6. Trade Policy in Kenya ; 7. Building a Monetary Regime for the 21st Century ; 8. Exchange Rate Management and Capital Flows ; PART III: THE ENVIRONMENT FOR PRIVATE MARKET ACTIVITY ; 9. Policy Options for Agricultural Growth in Kenya ; 10. The Manufacturing Sector ; 11. Kenyan Labour Market Challenges ; 12. Education for Prosperity: Improving Access and Quality ; 13. Securing Property Rights in Land in Kenya: Formal vs Informal ; 14. Banking Sector Stability, Efficiency, and Outreach ; 15. The Capital Market and Economic Growth in Kenya ; 16. Innovation and Financial Access: The Role of M-Pesa ; 17. Democracy and Prosperity

Additional information

NPB9780199602377
9780199602377
0199602379
Kenya: Policies for Prosperity by Christopher Adam (Reader in Development Economics, Department of International Development, University of Oxford)
New
Hardback
Oxford University Press
2010-11-25
448
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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Customer Reviews - Kenya