Abstract
AbstractZambia has economically retrogressed since gaining independence in 1964. While exogenous and historical factors are partly responsible, policy mistakes have probably had a considerable impact, including distorted exchange rates, unrealistic wage levels, careless retrenchment of expenditure, neglect of agriculture, over‐reliance on parastatals, and over‐rapid Zambianization. Reform efforts have so far been unsuccessful. Bottlenecks include the lack of political entrepreneurship, the weakness of public administration, and the failure to build consensus essential for effective implementation.Editorial note. At the suggestion of the author, the editor has combined material from Ravi Gulhati's 1989 EDI case study, ‘Impasse in Zambia: the economics and politics of reform’ with sentences from his 1990 EDI Seminar Report: ‘The making of economic policy in Africa’. Both documents are available from Ms. Edith Pena, EDI, The World Bank, 1818 H St., N.W., Washington, D.C. 20433.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
