Structural adjustment economic performance

If Tanzania is to generate the accelerated growth that it so urgently needs, one of the key areas of policy reform needs to be the increase in productivity of domestic investment.

References Balassa, B. Google Scholar Copyright information. There are several reasons for this, including the dominance of the Tanzania economy by a large and highly inefficient parastatal sector.

structural adjustment programs pros and cons

After seven years of adjustment the environment for higher economic growth has improved, but the results are only partially encouraging: economic growth has only slightly exceeded population growth, and officially measured domestic savings have deteriorated.

Meanwhile, Tanzania's dependency on foreign assistance has increased, reflected in a deterioration of the current account of the balance of payments.

Impact of structural adjustment programs

To put the Tanzanian experience in context, its performance is also compared with that of four sub-Saharan African countries - Ghana, Kenya, Malawi, and Uganda - which embarked on similar reform programs during the s. No, Nos 1 and 2, pp. Google Scholar Iqbal, Z. Closing tax loopholes and improving tax collection domestically. After adjustment of the database, Tanzania's performance is compared in the period , prior to when reforms were launched, with that in the period , which followed the launch of the Economic Recovery Program in Google Scholar Copyright information. Tanzania's weak database is adjusted in several respects to correct for the most glaring deficiencies in it. Structural adjustment, economic performance, and aid dependency in Tanzania English Abstract Tanzania embarked on a structural adjustment program in after a decade of protracted economic decline. But the principal difference between Tanzania and the four sub-Saharan African countries sampled was the efficiency with which the foreign assistance was used. Download preview PDF. The adjustment of the macroeconomic data shows that, contrary to traditional interpretation, Tanzania's increased dependency of foreign assistance did not lead to a deterioration in domestic savings performance. If Tanzania is to generate the accelerated growth that it so urgently needs, one of the key areas of policy reform needs to be the increase in productivity of domestic investment. The usual disclaimer applies. Structural adjustment programs have attracted sharp criticism, however, for imposing austerity policies on already-poor nations.

Enough evidence had built from the s to the s showing that structural adjustments often reduced the standard of living in the short-term within countries adhering to them, that the IMF publicly stated that it was reducing structural adjustments.

This process is experimental and the keywords may be updated as the learning algorithm improves. Newbold and D. The usual disclaimer applies. Its program was supported by the International Monetary Fund and the World Bank and was accompanied by a substantial increase in foreign assistance.

After seven years of adjustment the environment for higher economic growth has improved, but the results are only partially encouraging: economic growth has only slightly exceeded population growth, and officially measured domestic savings have deteriorated.

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