Globalization Kenya is a country found in the eastern part of Africa with an area of 224080 sq. miles. Its capital city is Nairobi and other major cities are Mombasa, Kisumu, Nakuru and Eldoret. It rises from a coastal plain on the Indian Ocean in a series of mountains ridges and plateaus in the center of the country…
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This country has a multi-ethical population of 39 million as per 2010 of which 82.6% are Christians, 11.2% Muslims and other religions take the remaining 6%. It is currently in a transition stage trying to implement a new constitution that was adapted in 2010 a process in which it is planning to move from its current administrative subdivisions of 140 districts and 7 provinces to a form that will have 47 counties each with an elected governor. The GDP of this country as by 2010 was estimated at $ 32 billion with an annual growth rate of 5.4%. Its main parts of the economy are tourism, agriculture, and light industries. In addition, it has six full-pledged public universities and approximately thirteen private ones (Bureau of public affairs 2012). Globalization has played a great role in shaping the African economic and political landscape (Falola & House-soremekun 2011). Kenya being one of them, it has experienced drastic changes on various aspects of its economy. Agriculture is the engine of the Kenyan economy (Robbins & Ferris 2003). Although Kenya has almost all its northern and northeastern parts as semi-arid, it continues to enjoy vast agricultural productions from its southern, western, and central part that are agriculturally productive. In the recent years, we have had what we call globalization of markets, which has enabled this country to export its excess agricultural products. It has also enabled it to get more farm inputs and equipment to enhance its agricultural productivity. Globalization, through globalized market has been a very big boost to the economy of this country. Another impact of globalization on Kenya’s agricultural sector is attraction of foreign investors. These investors, who have mainly invested in horticultural products planted on large tracts of land for export, have caused an increase in Kenya’s exports to other countries resulting to Kenya being ranked among the leading exporters of vegetables and other horticultural products in the European Union market (Mithofer & Waibel 2011). Another important sector of this country economy is the tourism sector. This country has a vast range of natural resources that include landscape, people, climate, and wildlife (Bowden 2007). These natural resources act as tourists’ attraction. Globalization has enabled this country to enjoy an increasing number of tourists’ visitation. According to Jafari (2003), Kenya is the most popular tourists’ destination in Africa, receiving about 6% of the total tourists who visit the African continent. This sector has played a very vital role in this the economic development of this country. Another way that globalization has contributed in improvement of this sector is through attraction of foreign investors. These investors build resorts and other facility on tourist attraction points, which provide accommodation and other services to tourists. Actually, I think is the sector of the Kenyan economy that has experienced the impact of globalization. Globalization has also influenced greatly the Kenyans ‘lifestyle. With market diversity, which results from globalization, Kenya has been able to import some of the products that it does not produce locally. According to (USTR 2005) Kenya is currently the 80th largest export market for U.S. goods. These exports have greatly influenced the people’s lifestyle form their eating habits to the way they communicate and socialize with one another. It is
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(“Globalisation Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
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(Globalisation Essay Example | Topics and Well Written Essays - 1250 Words)
“Globalisation Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/macro-microeconomics/1397805-globalisation.
Implementing effective marketing strategies in the globalization environment reduces risk management issues. Search: Globalisation convergence business market risk. Globalisation reduces revenue risks Globalisation has leveled the playing field, in terms of generating revenues.
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Products of whatever kind and products that threatened world extinction began to dominate man’s quest for progress and development. That is materialism at its worst, or at its best. Recent authors and commentators assert that globalisation began at the end of the Cold War which was in the period 1989-1991.
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In essence, globalisation is a powerful real aspect with regard to the new world system, where it signifies one of the most prominent forces that assist in determining the future course of the world. Moreover, globalisation has various dimensions that assist in the process of making the world a single society.
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Hence we are faced with either a process or a strategy, and they are not the same.
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Globalization also refers to the massive migration of people, changing national identities and cultural belongings (Suarez- Orozco & Qin- Hilliard, 2004) shattering internal and external borders among and between nations. With its multifaceted connotations, globalisation has