Lets learn from this borrowed video together

REVISING THE KENYAN ECONOMY: ARE WE REALLY NEEDED IN THE E.A.C?

The North American Free Trade Agreement(NAFTA) of 1995 between the US and Mexico was meant to liberalize free trade between them. This should have triggered a paradigm  to the Mexican economy because of the access to the largest market in the world.

Besides, Mexico had a large diaspora living in the US, who could essentially, have contributed immensely in forging the Mexican economy given the treaty of the NAFTA

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But the statistics showed a different result, with an average decrease in the growth of the per capita income and the per annum GDP by 1.3 PC across the first five financial years from 1995 in comparison to the pre-NAFTA treaty financial periods.

The history has been written and rewritten countlessly, in different economic epochs, to an extent that it has become a routine. In the year 1832, Andrew Jackson refused to renew the license for the quasi-central bank, basing his argument on the preface of the foreign ownership share ratio. He stated that the foreign ownership share was too high at 30PC, stating that the stock of the bank principally pass into the hands of the subjects of a foreign country and that should they, unfortunately, go into war with that country, what would be their condition? The foreign country controls their American currency, receiving their public money and holding thousands of their citizens dependent. Andrew Jackson went ahead to spearhead for the Absentee management by foreign investors, and this was an act of protectionism.

This begs for the questions, is the Kenyan government on the right track to sort out its economic disparities? Has it ever laid down any foundation to sort out its temperamental sound money? What about fixing its budgetary policies? How much has it spent as a nation, on overseas research and development? And the white elephant is; was it a good move for it to be the flagship nation of the E.A.C?

Robert Walpole is considered the first prime minister to the United Kingdom, and he was at the helm of power for over twenty years. Just after the Tudor Monarchy, he suggested that the only way their state could secure the coffers of their taxpayers and create value to their economy was only through exporting finished goods and importing raw materials; to date, these defines the economic stature of the great UK.

The famous referendum for Brexit should have raised the eyebrows of our African leaders, because, as it has always been stated, an indecision is a decision. This brings us to the famous Republicans' win with Donald Trump, having the mantra of making America great again. What should that tell us as a nation, are we following the famous narrative of, "do as I say and not as I do?"

The Kenyan Market is one of a kind, one that extraordinarily risks aggressively and thus making the entrance of new products and services quite quickly absorbed and thence making it quite attractive to investors, both local and international. 

Besides all the glamour in the potential of the Kenyan Market, Procyclicality and asset bubbles most of the times carry the day...

Unconditional integration to the global market brings in a new level of jeopardy to the national foreign exchange reserves and could entice brownfield FDI, given the levels of corruption in our nation. We risk transfer pricing which eventually harms the nation's economy given that the MNCs and the TNCs use the state resources in terms of the infrastructure and the human resources whose education has been entirely state-funded.