Fair trade with China requires laws on partnership

What you need to know:

  • In the past week, an MP asked the government to intervene on behalf of citizens to deny Chinese business people from hawking their wares to Kenyans in the streets.
  • The world, in my view, is integrating faster than the politicians can think. Any move to isolate people based on their race, will justify President Trump’s view of the world and those who will suffer most would be Africans.
  • A parliamentarian could, for example, help create laws requiring every foreigner setting business in Kenya to partner with local people as a strategy to building capacity. After all, most of the large American companies do their implementation with local medium enterprises.
  • It is, therefore, preposterous for an MP to complain that Chinese contractors bring in their own equipment and material like cement, when there isn’t a law to compel them to use local resources or assemble equipment locally. Who else can create such a law other than the MP.

Economists define laissez-faire, a French phrase meaning ''let them do'' or ''let go'', as an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.


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