Exclusion: Centralisation and Contraction (1970–1974)

Stuart John Barton
Additional contact information
Stuart John Barton: University of Cambridge

Chapter 4 in Policy Signals and Market Responses, 2016, pp 66-90 from Palgrave Macmillan

Abstract: Abstract Chapter Three has argued that the first six years of the United National Independence Party’s (UNIP) administration were characterised by reduced institutional constraint on the Executive, and President Kenneth Kaunda’s deepening personal control of the Zambian State and the economy. It argued that rising political exclusivity increased policy uncertainty which raised investors’ perceptions of risk. By 1970, Kaunda’s policies had already triggered the emigration of hundreds of skilled European miners and Indian businessmen and contributed to Anglo American (Anglo) disin vesting more than USD 350 million in financial assets from Zambia’s economy.

Keywords: Foreign Exchange; Mining Company; Central Committee; Market Response; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-1-137-39098-1_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137390981

DOI: 10.1057/9781137390981_4

Access Statistics for this chapter

More chapters in Palgrave Studies in the History of Finance from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().