Abstract
Zambia's economy has declined since the mid-1970s for both internal and external reasons. External factors include a fall in copper export earnings, the major foreign exchange earner, a rise in world oil prices and a high import bill. Internal factors include poor economic policies that neglected important sectors, notably agriculture, strong government intervention in the economy and mismanagement and neglect of public resources. Attempts at economic structural adjustment programmes were abandoned prior to full implementation. Despite its great potential, the growth of the agricultural sector has remained generally low and has lagged behind population growth. Private sector response to liberalization of the sector has been weak. The newly elected government has promised to speed up the pace of economic reforms and liberalization of the agricultural sector, and early indications are encouraging.
Sign-in/Register to access full text options 
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.
