cover image: 2021 Index of Economic Freedom - Results and Observations on Kenya, EAC & Select SSA Economies - Jackline Kagume

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2021 Index of Economic Freedom - Results and Observations on Kenya, EAC & Select SSA Economies - Jackline Kagume

11 May 2021

2021 Index of Economic Freedom Results and Observations on Kenya, EAC & Select SSA Economies Jackline Kagume Leo Kipkogei Kemboi Tuesday, 11th May 2021 Tuesday, May 11, 2021 IEA Webinar: 2021 Index of Economic Freedom Results 2 Outline • Introduction • Methodology • Summary of Results • 2021 Kenya Results • Kenya & EAC economies • Kenya and select SSA Economies • Conclusion Tuesday, May 11, 2021 I. [...] Open Markets (Trade freedom, investment freedom, financial freedom) Tuesday, May 11, 2021 IEA Webinar: 2021 Index of Economic Freedom Results 5 How the Index is Measured (1/2) Key Aspects Factor Subfactors Rule of law Property Rights Physical property rights, Intellectual property rights, Strength of investor protection, Risk of expropriation, and Quality of land administration. [...] Tuesday, May 11, 2021 IEA Webinar: 2021 Index of Economic Freedom Results 6 How the Index is measured? (2/2) Key Factor Subfactors Aspects Regulatory Business 13 sub-factors which include time, cost(Share of Income per Capita), procedures of setting up a business Efficiency Freedom Labour • Ratio of minimum wage to the average value added per worker, Hindrance to hiring additional workers, Rigidit. [...] • 5 countries in the free category • 32 countries in mostly free category • 58 countries in the Moderately free category • 62 countries in mostly unfree category • 17 countries considered repressed Tuesday, May 11, 2021 IEA Webinar: 2021 Index of Economic Freedom Results 10 2021 Kenya Economic Freedom 61.6 54.9 53.5 Tuesday, May 11, 2021 IEA Webinar: 2021 Index of Economic Freedom Results 11 2021. [...] Tuesday, May 11, 2021 IEA Webinar: 2021 Index of Economic Freedom Results 19 Conclusions • Kenya’s Ranking continue to worsen.
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22
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Kenya