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Try China economic model in ‘Big Four’ - 6 days ago, 09:34

Peter K. Biwott

The Big Four Agenda is meant to pave the way for Kenya’s achievement of high middle-income status envisioned in Vision 2030.

The transition will require increased productivity of human capital and natural resources and would trigger income per capita from Sh166,300 to Sh400,000, according to the World Bank atlas estimates.

In the past four decades, only 13 countries have grown at above seven per cent annually, causing their incomes per capita to skyrocket to upper middle- and higher-income economic status. One of these is China, which has transformed its economy to upper middle-income.

In 1980, Kenya’s gross domestic product (GDP) per capita was Sh45,157 and China’s Sh19,695. Today, China’s nominal gross domestic product (nGDP) per capita is about Sh1,142,411 and its GDP in purchasing power parity (PPP) terms (equalised dollar unit cost of a basket of goods per country) is about $1,761,036.

China is the richest world economy by PPP terms, followed ...
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