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Promoting and Sustaining Economic Reform in Zambia Catharine B. Hill

Promoting and Sustaining Economic Reform in Zambia By Catharine B. Hill

Promoting and Sustaining Economic Reform in Zambia by Catharine B. Hill


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Summary

This collection of essays examines Zambia's efforts to promote economic reform during the 1990s. These essays describe the adjustment program, highlighting the attempts to reform the budget, the tax system, the financial system, agriculture and mining, and to create the human capacity to sustain the reforms.

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Promoting and Sustaining Economic Reform in Zambia Summary

Promoting and Sustaining Economic Reform in Zambia by Catharine B. Hill

This collection of essays examines Zambia's efforts to promote economic reform during the 1990s. Following the restoration of democratic rule, the Government of Zambia adopted an ambitious program designed to stabilize the economy and lay the foundation for sustained growth and development. These essays describe the adjustment program, highlighting the attempts to reform the budget, the tax system, the financial system, agriculture and mining, and to create the human capacity to sustain the reforms.

Major improvements in economic performance occurred from 1992 to 1995. After that, however, economic performance deteriorated as a result of the Government's selective abandonment of key elements of the reform program and the emergence of major governance problems. In response to international pressure, by 2001 the Government completed the sale of the copper mines and qualified for large-scale debt relief. The long delays involved seriously undermined economic performance.

The volume concludes that for economic reform to succeed in Zambia, the Government should scale back its development agenda to match its financial and human capacities, reduce dependence on foreign aid, adopt and maintain prudent macroeconomic policies, and support the expansion of both mining and agriculture.

About Catharine B. Hill

Catharine B. Hill is J. J. Gibson Professor of Economics and Provost at Williams College. Malcolm F. McPherson is Senior Fellow in Development at the Ash Center for Democratic Governance and Innovation, John F. Kennedy School of Government, Harvard University.

Additional information

CIN0674012259A
9780674012257
0674012259
Promoting and Sustaining Economic Reform in Zambia by Catharine B. Hill
Used - Well Read
Paperback
Harvard University Press
2004-06-14
576
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book. We do our best to provide good quality books for you to read, but there is no escaping the fact that it has been owned and read by someone else previously. Therefore it will show signs of wear and may be an ex library book

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