One of the leading scholars of all time, the Norwegian development economist shows how countries that depend on manufacturing and value addition transition to economic prosperity rather than in the agrarian ones. It also calls for a radical restructuring of our economic set-up to focus on increased productivity, manufacturing and value addition of all our primary exportable commodities. Prioritising markets based on, in part, trade imbalance, distance, purchasing power parity, economic status, population, duty-free access and market access will spur exports and forex earnings. Kenyan companies should take advantage of duty-free market access, for example, in Africa, to net more forex. However, to enhance export competitiveness, Kenya’s move to correct local market access through regulatory reforms is desirable.

Source: Daily Nation April 17, 2019 21:33 UTC