| When Victor Hill wrote about Kenya's 38% unemployment rate last week, a number of colleagues suggested that that would be a red flag in their investment decision process and must indicate an economy in crisis. While this would be disastrous in Europe, Victor believes that it is fairly normal in developing countries that work their way down to lower rates over time.
With reference to the best available statistics and economic theory, Victor explains why employment in emerging economies is often not about lacking demand, but is instead symptomatic of a shortage of capital, as well as how this should affect your investment decisions in Kenya and similar nations around the world.
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