Tanzania: The Story of an African Transition
In 1985, Tanzania was in severe economic distress, plagued by widespread shortages and high inflation. Agricultural production, the mainstay of the economy, had been declining steadily since the 1970s. Exports of cash crops, which traditionally accounted for the bulk of foreign exchange earnings, ha...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
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| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | In 1985, Tanzania was in severe economic distress, plagued by widespread shortages and high inflation. Agricultural production, the mainstay of the economy, had been declining steadily since the 1970s. Exports of cash crops, which traditionally accounted for the bulk of foreign exchange earnings, had fallen by half between 1970 and 1985. A foreign exchange shortage led to a precipitous drop in imports, which in turn caused a crisis in the manufacturing sector, which lacked raw materials and spare parts. Twenty years later, Tanzania looks radically different. Inflation has declined to single digits. Economic growth is buoyant, averaging 7 percent a year since 2000. Real per capita income has risen by 50 percent. Poverty, while still widespread, is heading downward. Exports are booming, public finances are sound, debt ratios are low, and foreign exchange reserves are ample. This paper is about the remarkable turnaround, the economic policies that contributed to it, and the road ahead because, while much has been achieved, much remains to be done |
| Beschreibung: | 1 Online-Ressource (80 p) |
| ISBN: | 158906822X 9781589068223 |
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| index_date | 2024-07-03T20:13:36Z |
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| physical | 1 Online-Ressource (80 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | International Monetary Fund |
| record_format | marc |
| spelling | Nord, Roger Verfasser aut Tanzania The Story of an African Transition Nord, Roger Washington, D.C International Monetary Fund 2009 1 Online-Ressource (80 p) txt rdacontent c rdamedia cr rdacarrier In 1985, Tanzania was in severe economic distress, plagued by widespread shortages and high inflation. Agricultural production, the mainstay of the economy, had been declining steadily since the 1970s. Exports of cash crops, which traditionally accounted for the bulk of foreign exchange earnings, had fallen by half between 1970 and 1985. A foreign exchange shortage led to a precipitous drop in imports, which in turn caused a crisis in the manufacturing sector, which lacked raw materials and spare parts. Twenty years later, Tanzania looks radically different. Inflation has declined to single digits. Economic growth is buoyant, averaging 7 percent a year since 2000. Real per capita income has risen by 50 percent. Poverty, while still widespread, is heading downward. Exports are booming, public finances are sound, debt ratios are low, and foreign exchange reserves are ample. This paper is about the remarkable turnaround, the economic policies that contributed to it, and the road ahead because, while much has been achieved, much remains to be done Online-Ausg Dunn, David G. Sonstige oth Hajdenberg, Alejandro Sonstige oth Hobdari, Niko Sonstige oth Maziad, Samar Sonstige oth Roudet, Stéphane Sonstige oth Sobolev, Yuri Vladimirovich Sonstige oth http://elibrary.imf.org/view/IMF087/09880-9781589068223/09880-9781589068223/09880-9781589068223.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Nord, Roger Tanzania The Story of an African Transition |
| title | Tanzania The Story of an African Transition |
| title_auth | Tanzania The Story of an African Transition |
| title_exact_search | Tanzania The Story of an African Transition |
| title_exact_search_txtP | Tanzania The Story of an African Transition |
| title_full | Tanzania The Story of an African Transition Nord, Roger |
| title_fullStr | Tanzania The Story of an African Transition Nord, Roger |
| title_full_unstemmed | Tanzania The Story of an African Transition Nord, Roger |
| title_short | Tanzania |
| title_sort | tanzania the story of an african transition |
| title_sub | The Story of an African Transition |
| url | http://elibrary.imf.org/view/IMF087/09880-9781589068223/09880-9781589068223/09880-9781589068223.xml |
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