Reform: Building Trust and Raising Capital (1991–2005)

Stuart John Barton
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Stuart John Barton: University of Cambridge

Chapter 7 in Policy Signals and Market Responses, 2016, pp 136-156 from Palgrave Macmillan

Abstract: Abstract After 27 years of United National Independence Party (UNIP) administration, the Zambian economy was in ruin; by 1991 real per capita Gross Domestic Product (GDP) was roughly half its value at Independence, and public debt had grown to exceed twice the country’s GDP.1 The World Bank attributed this disastrous performance to: government interventions and the establishment of numerous parastatals, aimed at achieving well-meaning objectives, [generating] very serious adverse side-effects and [leading] to large misallocation of resources.2

Keywords: Gross Domestic Product; Economic Reform; Institutional Reform; Market Response; Policy Signal (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_7

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DOI: 10.1057/9781137390981_7

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