Kenya

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 Development Network, Visiting Professor at the University of Clemont-Ferrand, France and occasional Visiting Scholar at the IMF. He currently serves as Lead Academic for Tanzania for the International Growth Centre and is Vice Chair of the Board of the African Economic Research Consortium.From 1998 - 2003, Paul Collier, CBE, was Director of the Development Research Group of the World Bank. He is the author of several books including 'The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It' which won the Lionel Gelber, the Arthur Ross and Corine prizes. His most recent book is 'The Plundered Planet: Why We Must and How We Can Manage The World's Natural Resources to Ensure Global Prosperity'. His research covers the causes and consequences of civil war; the effects of aid and the problems of democracy in low-income and natural-resources rich societies. Njuguna S. Ndung'u is on leave of absence from the University Nairobi. Professor Ndung'u is an Associate Professor of Economics at the University of Nairobi and holds a PhD in economics from the University of Gothenburg, Sweden. Prior to his appointment as Governor of the Central Bank of Kenya, he was the Director of Training at the African Economic Research Consortium. He also worked as the Regional Programme Specialist for the Eastern and Southern Africa Regional Office, Nairobi, of the International Development Research Centre (IDRC), Canada; and at the Kenya Institute of Public Policy Research and Analysis (KIPPRA) as a Principal Analyst/Researcher and Head of the Macroeconomic and Economic Modelling Division. A long-time researcher and trainer with the AERC and MEFMI networks, he has published in international journals as well as chapters in various books on economic policy issues.

• 1. Introduction ; PART I: STRATEGIC CHOICES ; 2. Strategies for Growth ; 3. Unlocking the Future Potential for Kenya: The Vision 2030 ; 4. Growth Analysis and Diagnostics for Kenya ; PART II: THE MACROECONOMIC ENVIRONMENT ; 5. Fiscal Policy in Kenya: Looking Toward the Medium to Long-term ; 6. Trade Policy in Kenya ; 7. Building a Monetary Regime for the 21st Century ; 8. Exchange Rate Management and Capital Flows ; PART III: THE ENVIRONMENT FOR PRIVATE MARKET ACTIVITY ; 9. Policy Options for Agricultural Growth in Kenya ; 10. The Manufacturing Sector ; 11. Kenyan Labour Market Challenges ; 12. Education for Prosperity: Improving Access and Quality ; 13. Securing Property Rights in Land in Kenya: Formal vs Informal ; 14. Banking Sector Stability, Efficiency, and Outreach ; 15. The Capital Market and Economic Growth in Kenya ; 16. Innovation and Financial Access: The Role of M-Pesa ; 17. Democracy and Prosperity

This is a deceptively good book...an exemplar of the new development economics...a lively and exciting read. It is also likely to nourish the domestic debate in Kenya that is essential for society to be informed and hence empowered to hold its leaders accountable.