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Problems of Economic Development of the Federation of Rhodesia And Nyasaland

  • W. L. Taylor
Chapter
Part of the International Economic Association Conference book series (IEA)

Abstract

Like the rest of tropical Africa, the Federation of Rhodesia and Nyasaland is grappling with the fundamental economic problem of transforming rapidly and effectively the traditional subsistence economy—of which agriculture is the mainstay—into a modern exchange economy. This transformation process constitutes the basic characteristic of economic development in the greater part of Africa.

Keywords

Economic Development National Income Development Problem Real Term Capital Inflow 
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

  1. 1.
    Quoted from E. A. G. Robinson’s essay ‘Difficulties of Economic Transition’, p. 224, published in Modern Industry and the African, ed. J. Merle Davis, 1933, Macmillan, London.Google Scholar
  2. 1.
    Sir F. D. Lugard, The Dual Mandate in Tropical Africa, Edinburgh, Blackwood, 1922, p. 5.Google Scholar
  3. 1.
    W. J. Barber, Dollar Investment in Central Africa, New Commonwealth, V. 31 (April 30, 1956), p. 212.Google Scholar

Copyright information

© International Economic Association 1964

Authors and Affiliations

  • W. L. Taylor
    • 1
  1. 1.University College of Rhodesia and NyasalandZimbabwe

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