LEDS

Question 1

Define: Neo- Colonialism

Answer 1

A further development of capitalism that enables capitalist powers (both nations and corporations) to dominate subject nations through the operations of international capitalism

Question 2

How does Governance effect countries

Answer 2

Nations with stable governments and low corruption levels attract more investment and foster economic growth.
Switzerland, known for its stable political environment and strong institutions maintains a GDP per capita exceeding $65,000

Question 3

Corruption Perception Index (Tranparency’s)

Answer 3

Ranks countries based on the perceived levels of public sector corruption. Denmark and New Zealand rank high whilst Somalia and Sudan rank lowest - underscoring the importance of good government in development

Question 4

What is the difference between EU and the Eurozone

Answer 4

Although all countries in the EU are part of the economic and monetary union (EMU) 20 of them replaced their national currency with a single currency - the Euro

Question 5

What is Kenya’s Vision Policy 2030

Answer 5

The Kenya Vision 2030 aims to transform Kenya into a newly industrializing, middle-income country providing a high quality of life to all its citizens by 2030 in a clean and secure environment.

Question 6

What is the Standard Gauge Railway (SGR)

Answer 6

Opened in 2017 and built using Chinese loans - the aim was to link Nairobi to Mombassa. China’s serving loans were in the region of 4.7 billion dollars