Stark Lesson for Kenya from Nobel Prize Winner

• Author(s): Ochanjo Quinter Atieno ; Dr. Yasin Kuso Ghabon
• Paper ID: 1709360
• Page: 1358-1361
• Published Date: 25-06-2025
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 8 Issue 12 June-2025

Abstract

This study examines the significant influence of institutional frameworks on economic prosperity. The research work of Nobel laureates James A. Robinson, Simon Johnson, and Daron Acemoglu, sheds light on how past institutional decisions have influenced current economic inequality, especially the continued existence of inclusive and extractive institutions. The authors show that early colonial institutions had a lasting impact on economic growth by using European colonialism as a quasi-natural experiment. Key lessons for Kenya are also included in the report, with a focus on the necessity of institutional reforms to end past injustices and elite domination. Kenya can establish a sustainable route to long-term economic growth by promoting inclusive political and economic institutions, guaranteeing fair access to resources, and solidifying governance processes. The results provide strategic reform recommendations and highlight the crucial role that institutional quality plays in determining national development.

Keywords

Income inequality, Institutional frameworks, Colonial Legacy

Citations

IRE Journals:
Ochanjo Quinter Atieno , Dr. Yasin Kuso Ghabon "Stark Lesson for Kenya from Nobel Prize Winner" Iconic Research And Engineering Journals Volume 8 Issue 12 2025 Page 1358-1361

IEEE:
Ochanjo Quinter Atieno , Dr. Yasin Kuso Ghabon "Stark Lesson for Kenya from Nobel Prize Winner" Iconic Research And Engineering Journals, 8(12)