Much of the West industrial revolution cannot be credited to the government; and at the same time, you cannot fail to give it credit. In the sense that, it was the government that made conducive environment for business to start and run. Though the actual growth of the economies is largely attributed to the private sector, it is the government that provided them with the environment necessary for such growth.
Come to developing world, the governments are not quite living up to the expectation. Bogged down with corruption and political instability, most governments in the developing world do very little to encourage the growth of businesses. If anything, their action does the opposite and discourage the growth of businesses.
However, let us zero in on the East Africa economic block. Here we are looking at countries such as Kenya, Tanzania, Uganda, Rwanda, Burundi, and South Sudan. Though we might as well exclude South Sudan in this case, as the country has been struggling with serious internal fights.
Of the remaining countries, it is only Kenya and Rwanda that are at least doing something commendable in terms of government …read more