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Subject
'Look East' policy outlook.
Significance
China plays an important and visible role in Kenya's economic development, through the extension of direct investment and concessionary loans. However, its significance for trade and as an inspiration for Kenya's economic planners is often overstated. Singapore and Malaysia are more prominent in policy model emulation, while trade with India far surpasses that of other Asian players.
Impacts
Growing economic ties with Chinese and other Asian partners ease the pressure on Kenya to fight corruption.
Infrastructure projects with Chinese firms are thought to offer significant economic rents for political elites.
Western states' leverage to demand democratic reforms will weaken, in turn reducing funding for civil society.
Keywords:
Kenya,
AF,
China,
India,
Malaysia,
Singapore,
United Kingdom,
United States,
economy,
industry,
aid,
fiscal,
foreign investment,
infrastructure,
regional,
politics,
government
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2015
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