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

  • Stuart John Barton
Chapter
Part of the Palgrave Studies in the History of Finance book series (PSHF)

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Notes

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Copyright information

© Stuart John Barton 2016

Authors and Affiliations

  • Stuart John Barton
    • 1
  1. 1.Corpus Christi CollegeUniversity of CambridgeUK

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