Inclusion: Stability and Growth (2005–2014)

Stuart John Barton
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Stuart John Barton: University of Cambridge

Chapter 8 in Policy Signals and Market Responses, 2016, pp 157-176 from Palgrave Macmillan

Abstract: Abstract By 2005, more than a decade of donor support for formal political and economic reform had already brought about recognisable institutional reform. A shift of Zambians’ perceptions away from the State as the primary source of income had by 1999 seen a more inclusive economy return to growth, while reformed perceptions of the role of the Executive had allowed for the democratic dismissal of President Frederic Chiluba in 2001. By 2005, Zambians could proudly claim to be part of both a vibrant democracy and the market economy and point to steady real per capita growth rates well in excess of those enjoyed in Europe or the USA. However, as should be clear in Figure 8.1, real economic growth had lagged formal reform by almost 10 years. This chapter will help explain why that occurred.

Keywords: Foreign Direct Investment; Foreign Investment; Special Economic Zone; 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_8

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DOI: 10.1057/9781137390981_8

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