KENYA: PILLARS OF COMMUNITY ECONOMIC DEVELOPMENT

From: Faulu Suba

Just like a 3 legged stool, the economy of a community has 3 pillars namely:

GOVERNMENT, FIRMS (BUSINESS) and HOUSEHOLDS.

Government provides regulatory framework for peaceful coexistence and infrastructure; firms harness available resources to produce goods and services for both the government and households; and the households provide labor, entrepreurship, knowledge and markets for the firms.

When a community solely, rely on one pillar namely the government and politicians as the sole source of development, it is like siting on a one legged stool and THE ECONOMY OF THAT COMMUNITY WILL SIMPLY NOT STAND.

It is a high time, we raised the pillars of business and functional households for the local economy to pick up. A functional household is that which in addition to consumption is productively engaged and knowledgeable enough to harness resources through entrepreneurship. Such a household uses its income to save for hard times, invest in firms and lastly consume responsibly.

These guys throwing 8 cents at people in the hope of getting in to elective positions should instead invest their money in tourist hotels in the beaches, fish cooling plants and other enterprises which can employ thousands and create a critical mass of functional households that would sustain our economy.

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