east or west: where should we face economically?
DESCRIPTION
East or West: where should we Face Economically?. XN Iraki, PhD Senior lecturer & Coordinator, Research and Publications, University of Nairobi School of Business. Introduction. Bedford Anglia Leyland Rover Land Rover ICL Where are they today?. East. Faw KIA Daewoo Samsung Toyota - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/1.jpg)
East or West: where should we
Face Economically?
XN Iraki, PhD
Senior lecturer & Coordinator, Research and Publications, University of Nairobi School of
Business
![Page 2: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/2.jpg)
![Page 3: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/3.jpg)
Introduction
Bedford
Anglia
Leyland
Rover
Land Rover
ICL
Where are they today?
![Page 4: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/4.jpg)
East
Faw
KIA
Daewoo
Samsung
Toyota
Tata
Haier
Huawei
Tecno
![Page 5: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/5.jpg)
Are we really turning East?
Economically it seems so with so many products Politically it seems so; Uhuru visit to China
But we have not copied their political system, one party rule
Intellectually no; ever seen anyone quoting Chinese or Japanese scholar unless they are in the West; forget the language
Why do we forget India in turning East? 100 years presence
Pharmacy of the world and soon medical hospital of the world?
Familiarity?
![Page 6: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/6.jpg)
Lets look for empirical evidence that we are turning East… We expect economies to be highly correlated, the
same way friends walk together…
We can assume that if two economies trade with each other, the growth should be highly correlated or graphically trend together.
Example…USA vs. UK
![Page 7: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/7.jpg)
![Page 8: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/8.jpg)
USA vs. UK: corr = 0.708769
![Page 9: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/9.jpg)
USA vs. Canada: corr= 0.838001
![Page 10: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/10.jpg)
Kenya vs UG: corr= 0.128989
![Page 11: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/11.jpg)
Where…
![Page 12: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/12.jpg)
Kenya vs. TZ: corr= 0.554636 : Interesting!
![Page 13: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/13.jpg)
China vs. Kenya: corre=-0.29277, -0.02033 (since 2000)
![Page 14: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/14.jpg)
Kenya vs. India: corr= 0.390095 ! 0.521163 , since 2000
![Page 15: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/15.jpg)
Kenya vs. USA: corre=-0.11068, 0.310285 (since 2000)
![Page 16: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/16.jpg)
We are still facing West..
Boeing, Ford, Chevrolet, KFC
PWC, HILTON,
News sources..CNN,
Education opportunities..which is cooler
Political inspiration…American flag in rallies,
American names of places eg Mississippi, New York
Integration is still far…compare UG and India!
![Page 17: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/17.jpg)
Where else should we face…
The answer lies in demographics…
Next slide…
![Page 18: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/18.jpg)
Shift to africa
![Page 19: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/19.jpg)
Chinese
![Page 20: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/20.jpg)
Population losers and gainers…
![Page 21: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/21.jpg)
Population by 2050, source: UN, 20111. India -
1,692,008,0002. China - 1,295,604,0003. United States - 403,101,0004. Nigeria - 389,615,0005. Indonesia - 293,456,0006. Pakistan - 274,875,0007. Brazil - 222,843,000-Portuguese connection8. Bangladesh - 194,353,0009. Philippines - 154,939,000
![Page 22: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/22.jpg)
10. Democratic Republic of the Congo - 148,523,00011. Ethiopia - 145,187,00012. Mexico - 143,925,00013. Tanzania - 138,312,00014. Russia - 126,188,00015. Egypt - 123,452,00016. Japan - 108,549,00017. Vietnam - 103,962,00018. Kenya - 96,887,00019. Uganda - 94,259,00020. Turkey - 91,617,000
![Page 23: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/23.jpg)
Africa’s future bright
![Page 24: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/24.jpg)
![Page 25: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/25.jpg)
Indian/African Century
![Page 26: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/26.jpg)
Conclusion
We must look beyond East …and West
There are lots of other markets elsewhere…
BRICKS
That includes…see next slide.
![Page 27: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/27.jpg)
![Page 28: East or West: where should we Face Economically?](https://reader036.vdocuments.us/reader036/viewer/2022062323/56815a2a550346895dc76bc0/html5/thumbnails/28.jpg)