On the economic thought of trade practices and policies in Kenya
| Autor: | Socrates Kraido Majune, Davis Kimuli Mwania |
|---|---|
| Jazyk: | English<br />Spanish; Castilian<br />Portuguese |
| Rok vydání: | 2021 |
| Předmět: | |
| Zdroj: | Estudios Económicos, Vol 38, Iss 77 (2021) |
| Druh dokumentu: | article |
| ISSN: | 0425-368X 2525-1295 |
| DOI: | 10.52292/j.estudecon.2021.2256 |
| Popis: | This study explains trade regimes in Kenya from a History of Economic Thought (HET) perspective using secondary materials (books, papers, and original manuscripts). We found that the pre-colonial era (before 1895) had a mixture of Classical doctrines and Mercantilism, whereby long-distance and barter trade between communities were practiced. Nonetheless, certain communities restricted trade. Classical economic thought was practiced in the colonial period (1895-1962), whereby agricultural produce was exported and less expensive consumables were imported. The post-colonial period started with a Mercantilism approach (Importsubstitution), but successive regimes have promoted Classical doctrines of trade by reducing import and export barriers and creating trade-promotion institutions. Trade in services, which is topical in international trade, has also been promoted in this regime. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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