 Public Policy and the Industrial Development of Tanzania, 1961–95Donné Engelen, Adam Szirmai and Paul Lapperre Chapter 1 in The Industrial Experience of Tanzania, 2001, pp 11-49 from Palgrave Macmillan Abstract: Abstract Throughout the past decades the economic and industrial performance of less developed countries in sub-Saharan Africa can be captured in three words: boom, crisis and adjustment (Little et al., 1993). The sequence of rapid growth, followed by crisis and an ongoing process of structural adjustment, has received a great deal of attention, both from neo-liberal and structuralist points of view. Neo-liberal doctrine emphasizes the primacy of markets and the negative effects of excessive state intervention in the process of economic development. Structuralists, on the other hand, seek explanations of economic underdevelopment in the combination of negative external influences, unfavourable initial conditions and a variety of structural and institutional constraints that developing countries have had to face (Lensink, 1996; Szirmai, 1997a) Overcoming these structural constraints requires active intervention on the part of governments. Keywords: Foreign Exchange; Real Exchange Rate; Policy Instrument; Manufacturing Sector; Nominal Exchange Rate (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52451-4_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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