Kenya: Policies for Prosperity

Hardcover | December 25, 2010

EditorChristopher Adam, Paul Collier, Njuguna S. Ndungu

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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 beenrealized 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 intoa 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 thecontinent. This first volume on Kenya explores the challenges facing an economy standing at a crossroads. Kenya has experienced a period of high and sustained growth since the mid 1990s, growth which involved economic transformation away from a heavy reliance on traditional economic activities towards anemerging 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 Kenyais to leave this dark 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 question of finance and macroeconomic management, but also much deeper structural issues of trade, employment generation and education; of landpolicy, migration and urbanization; and the fiscal challenges facing an ageing but increasingly urbanized (and increasingly affluent) society.

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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 beenrealized through policy reforms driven by the...

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 Developme...

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Format:HardcoverDimensions:400 pages, 9.21 × 6.14 × 0.1 inPublished:December 25, 2010Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199602379

ISBN - 13:9780199602377

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Table of Contents

1. Christopher Adam, Paul Collier, and Njuguna Ndung'u: IntroductionPart I: Strategic Choices2. Paul Collier and Njuguna Ndung'u: Strategies for Growth3. Njuguna Ndung'u and Raphael Owino: Unlocking the Future Potential for Kenya: The Vision 20304. Leonardo Garrido, Praveen Kumar, Njuguna Ndung'u, and John Randa: Growth Analysis and Diagnostics for KenyaPart II: The Macroeconomic Environment5. Peter S. Heller, Jane Kirangai, and Kamau Thugge: Fiscal Policy in Kenya: Looking Toward the Medium to Long-term6. Chris Milner, Moses Sichei, and Maureen Were: Trade Policy in Kenya7. Christopher Adam, Benjamin Maturu, Njuguna Ndung'u, and Stephen O'Connell: Building a Monetary Regime for the 21st Century8. Benjamin Maturu, Francis Mwega, Rose Ngugi, and Stephen O'Connell: Exchange Rate Management and Capital FlowsPart III: The Environment for Private Market Activity9. Joseph Karugia, Lydia Ndirangu, Herzon Nyangito, and Tavneet Suri: Policy Options for Agricultural Growth in Kenya10. Arne Bigsten, Peter Kimuyu, and Mans Soderbom: The Manufacturing Sector11. Arne Bigsten and Anthony Wambugu: Kenyan Labour Market Challenges12. Tessa Bold, Germano Mwabu, Justin Sandefur, and Mwangi Kimenyi: Education for Prosperity: Improving Access and Quality13. Joseph Kieyah and Patricia Kameri-Mbote: Securing Property Rights in Land in Kenya: Formal vs Informal14. Thorsten Beck, Robert Cull, Michael Fuchs, Jared Getenga, Peter Gatere, John Randa, and Mircea Trandafir: Banking Sector Stability, Efficiency, and Outreach15. Rose Ngugi, Daniel Amanja, and Isaya Maana: The Capital Market and Economic Growth in Kenya16. Rosemary Atieno, Dulacha Barako, and Crispin Bokea: Innovation and Financial Access: The Role of M-Pesa17. Paul Collier, Mwangi Kimenyi, and Roxana Gutierrez-Romero: Democracy and Prosperity