Introduction and Background

Stuart John Barton
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Stuart John Barton: University of Cambridge

Chapter 1 in Policy Signals and Market Responses, 2016, pp 1-18 from Palgrave Macmillan

Abstract: Abstract When looking back over 50 years of Zambian independence, it is disappointing to note how unsuccessfully its leaders have converted the country’s abundant natural resources and peaceful political history into economic growth. In fact, by some measures, Zambians are worse off today than they were at Independence in 1964. According to the World Bank, for example, real Gross Domestic Product (GDP) per Zambian has shrunk by almost a fifth since 1964, a poor result considering the impressive growth enjoyed by so many other resource-rich economies (Table 1.1).1

Keywords: Gross Domestic Product; International Monetary Fund; Institutional Quality; National Archive; Market Response (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-1-137-39098-1_1

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DOI: 10.1057/9781137390981_1

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