Economic Development of Kenya and Singapore Case Study - 1

Economic Development of Kenya and Singapore - Case Study Example Whether it is in the form of education, governance, or availability of social amenities, the colonial powers had made no moves at empowering their subjects (Meredith, 2000). The departure of the colonialists, though an event that had been looked forward to by the natives, who had fought hard for their freedom, also brought great trepidation. The young nations had to take their first wobbly steps in self governance, international relations and trade, as well as come to terms with globalization which was being thrust upon them. Kenya and Singapore, who attained independence within two years of each other in 1963 (Ndulu, 2008) and 1965 (Yew, 2000) respectively, both had underdeveloped economies with limited industrialization and a heavy dependence on the agricultural sector. However, there was great potential for development for both countries. Forty years down the line, Singapore, along with several East Asian countries, has been able to raise herself from the status of 'third world' to a quickly growing economy. Kenya, and most other African countries, on the other hand, is still mark timing with no real advances made (Findlay et al, 1993). The question then arises why today majority of African countries, taking Kenya as a case study, are vastly underdeveloped economies while those in East Asia have moved up the ladder to be labeled as fast growing economies. This is what shall be analyzed and discussed, by reviewing both countries economic policies, their strengths and shortcomings to try find out what has been done right, or what needs to be revised. 1960: A look at Kenya and Singapore four decades back Le Blanc (1980) traces Singapore's economic growth from 1960 to the 1980s. He says that though Singapore was considered an underdeveloped economy in the sixties, the transformation that was to be seen two decades later was amazing. On the basis of the three most common development indicators namely, social services, education and per capita output with little indebtedness, Singapore can simply not be classified as a third world country (Le Blanc, 1980). Singapore under British colonial rule was considered a major trade port and a military outpost for Britain. However, with the disintegration of the colonial empires, Singapore faced a privation because she had been the meeting point for these empires. Her trade was built around exporting spices, rubber and timber in exchange for machinery and processed goods. When Indonesia and Malaysia gained independence, they opted not to conduct trade with Singapore and thus she lost thee source of her export materials (Daquila, 2000). Her situation was made worse by the communist agitations in china, the impacts of which she experienced in the form of civil unrests and political tensions within the country that scared away any aspiring foreign investors(Yew, 2000). Singapore looked abroad for help on the way forward and was receptive to the recommendations made by the United Nations Industrial Survey Mission. The Singaporean government realized that it had to achieve three things before it could move towards industrialization (Dent 2002). These were: - The abolishment of the communist party so as to create room for industrial stability as well as instilling discipline in the relationships

Fundamentals of the property law Essay Example | Topics and Well Written Essays - 1500 words

Fundamentals of the property law - Essay Example In this case, Mal have ownership right rights over the land and he can transfer it to any one he may wish. In this case he has decided to transfer the land to Sam, where he has sold the land at a total of $120000. In the case Gunana v Northern Territory (2007) 153 FCR 349 at [83], there was determination of the owner of the title of the land. But the owners of the land had reconsider their honours to the effect of the operation of the Aboriginal Land Rights (Northern Territory) Act 1976 (Cth) (the ALRA). The act was on the operation of the Fisheries Act 1988 (NT) and the powers of the director of the fisheries had to appoint pursuant to act in the legislation. The court judgment was that land was fully owned by the traditional Aboriginal owners. The ALRA held that the owner has the right to exclusive possession of both the water and the land. This stated that since the owner was given the fishing license, no one else was authorized to fish in the land and also in the water. If someon e wanted to access the land, one had to obtain permission from the owner (Strelein 2010) In the case Northern Territory of Australia & Anor v Arnhem Land Aboriginal Land Trust & Ors (2008) HCA 29, the court ruled that the owner of the land had exclusive rights over the possession of the land. The owner had all the marine property within the land. ... The owner had no right to exclude other people who had been given the same title and who were the native holders of the title. It was also decided that the owner was not allowed to deny the native holders of the title the right to fish and hunt (McHugh 2011). The legal issue in this case is that, initially, Mal was the owner of the property. Since he agreed to sell the property to Sam and he also signed the transfer forms, the property no longer belonged to him. When Mal also agreed to sign the letter for the authorization of the delivery of the certificate to Sam, he had already made his decision to sell the property to Sam, though Sam had not yet paid him the money. Mal should not claim that he was tricked by the Harry’s solicitors since he had agreed to be paid later by Sam. If he wanted to claim the money from Sam, he would have given him the conditions of selling the property. He would not have agreed to sell the property on credit. Though they had made an agreement that Sam was to pay him at the end of six weeks, Harry has a right of claiming the certificate so that he can lend the money to Sam. Question two The question is based on Absolute, determinable and conditional interests. Absolute grants refer to interests which no conditions are attached. In this grant, there is no requirement of either non occurrence or occurrence of any situation or any particular or given event. When the grant is determinable, it means that the interests will be automatically terminated on the occurrence of the event which was specified. In determinable grant the following words are used during, while, until and as long as. In any case the event becomes impossible, the interest automatically becomes absolute (Clarke and Kohler 2005). A grant can