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Forum => Kenya Discussion => Topic started by: Georgesoros on October 20, 2014, 03:59:34 PM

Title: Is there a country that has attained growth without industry?
Post by: Georgesoros on October 20, 2014, 03:59:34 PM

Going by my research, I think not. Even Swiss manufactured all kinds things. A service industry came later. With industries closing shop, I have no idea how Kenya will do it. Depend on flipping properties?

Title: Re: Is there a country that has attained growth without industry?
Post by: RV Pundit on October 21, 2014, 06:02:10 PM

They are many; In midle east, botswana,namibia and many others..they solely depend on minning and oil. Others like seychelles have depended entirely on tourism.

Title: Re: Is there a country that has attained growth without industry?
Post by: Olekoima on October 22, 2014, 10:06:02 AM

I think many countries do have a service industry. Doesn't Kenya have one?

Title: Re: Is there a country that has attained growth without industry?
Post by: Georgesoros on October 22, 2014, 10:01:33 PM

Real estate agents, transportation, etc.

Title: Re: Is there a country that has attained growth without industry?
Post by: RV Pundit on October 24, 2014, 10:36:26 AM

China construction and real estate industry is 50% of its' GDP. In a developing country like kenya....you need the basics..housing is big. Yes manufacturing is important too...but growth can come from anything.

What kenya need and already have..is a well diversified economy.

We just need to double our growth rate....at least every sector of economy (be it farming, be it tourism) should grow at 10%.

Then create new industries....this should be gov job....exiting mature industries like safaricom or KQ...and invest in infant industries.

And that way GDP will grow by 10%...and in say 30yrs...of consistent growth of 10%....we will be developed.

Quote from: Parkerpen on October 22, 2014, 10:01:33 PM

Real estate agents, transportation, etc.