Hassan Odegarrd
Apr 17
Explain the benefits of colonial economy in East Africa?
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Apr 17
1. Infrastructure development: Colonial powers invested in building infrastructure such as roads, railways, ports, and telecommunication systems in East Africa. This helped to facilitate trade and economic development in the region.
2. Introduction of cash crops: Colonial powers introduced cash crops such as coffee, tea, and cotton to East Africa. This helped to diversify the economy and create new sources of income for local populations.
3. Access to international markets: The colonial economy in East Africa was integrated into the global economy, allowing for the export of goods to international markets. This helped to generate revenue and stimulate economic growth in the region.
4. Development of industries: Colonial powers established industries such as mining, manufacturing, and processing plants in East Africa. This helped to create job opportunities and stimulate economic development in the region.
5. Education and healthcare: Colonial powers invested in education and healthcare systems in East Africa, which helped to improve the overall well-being and productivity of the local population.
6. Modernization: The colonial economy brought modern technologies and practices to East Africa, which helped to improve productivity and efficiency in various sectors of the economy.
Overall, while the colonial economy in East Africa had its drawbacks, such as exploitation and marginalization of local populations, it also brought about some benefits in terms of infrastructure development, economic diversification, access to international markets, industrialization, education, healthcare, and modernization.
2. Introduction of cash crops: Colonial powers introduced cash crops such as coffee, tea, and cotton to East Africa. This helped to diversify the economy and create new sources of income for local populations.
3. Access to international markets: The colonial economy in East Africa was integrated into the global economy, allowing for the export of goods to international markets. This helped to generate revenue and stimulate economic growth in the region.
4. Development of industries: Colonial powers established industries such as mining, manufacturing, and processing plants in East Africa. This helped to create job opportunities and stimulate economic development in the region.
5. Education and healthcare: Colonial powers invested in education and healthcare systems in East Africa, which helped to improve the overall well-being and productivity of the local population.
6. Modernization: The colonial economy brought modern technologies and practices to East Africa, which helped to improve productivity and efficiency in various sectors of the economy.
Overall, while the colonial economy in East Africa had its drawbacks, such as exploitation and marginalization of local populations, it also brought about some benefits in terms of infrastructure development, economic diversification, access to international markets, industrialization, education, healthcare, and modernization.
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With Deg Man
Apr 17
Explain the key success factors in setting up small and medium business enterprise
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