There are three primary drivers of economic growth: capital, labour, and total factor productivity (TFP).
No country has ever lifted its people from poverty without accelerating TFP growth rate.
This week, I had the privilege of speaking with Doanh Chau, President of Vietnam Gas/Energy Science Group and Founder of MED21, a healthcare startup based in Silicon Valley. If his name doesn’t ring a bell, you might recall his viral LinkedIn post titled Why Africa Waits While Asia Builds? and his stinging parting line to Kenya’s President and his Prime CS: “They must turn off the microphone and turn on the power.” If that jogs your memory, let me explain why our exchange holds a mirror to Kenya’s future.
But first, a little background. Our icebreaker was a reflection on our shared experience of studying in prestigious French institutions. Doanh is an alumnus of Sciences Po, one of France’s premier schools for political science, while I recently completed my MBA at HEC Paris, the country’s top business school.
