Using globalization index’s such as:KOF index; Gini coefficient; Trade to GDP ratio; human development index; and any other relevant globalization index to: Discuss the extent of globalization of...

GLOBALIZATION OF KENYA AND TANZANIA
    Table of Contents    
Extent of Globalization of Kenya and Tanzania    3
Decision for Expanding the Business    4
References    6
Extent of Globalization of Kenya and Tanzania
With globalization connectivity and interdependence among various nations of the world has increased tremendously. Considering Kenya and Tanzania in particular, it can be said that the economies of these two regions have improved with the opportunities to interact with rest of the world. However, it can be observed that misappropriation of resources and poor governance has been a big challenge for globalization in Kenya and Tanzania. In the opinion of Abdillahi and Manini (2017), Kenyan Government has mostly adopted the investment-friendly approach and has made several reforms to their regulations to ease and encourage local as well as foreign investment.
The GDP of Kenya was estimated to be $99.246 billion in the year 2019. Kenya’s trade to GDP ratio for the year 2018 was recorded to be 36.18%. The human development of the country could be put into the medium category with Human Development Index of 0.579. Based on the figures it could be inferred that Kenya has been extracting huge benefits from the globalization culture and has been integrating with the global economy. The increase in the import and export percentage of Kenya indicates the fact that Kenya has been globalizing effectively and efficiently. The exports percentage has increased by more than 10.95% and the import percentage has gone up by 5.96%. As mentioned by Gachui (2018) in his work, an increase of nearly 70.71% in Foreign Direct Investment highlights the fact that Kenya has been...