Abstract
By 2005, more than a decade of donor support for formal political and economic reform had already brought about recognisable institutional reform. A shift of Zambians’ perceptions away from the State as the primary source of income had by 1999 seen a more inclusive economy return to growth, while reformed perceptions of the role of the Executive had allowed for the democratic dismissal of President Frederic Chiluba in 2001. By 2005, Zambians could proudly claim to be part of both a vibrant democracy and the market economy and point to steady real per capita growth rates well in excess of those enjoyed in Europe or the USA. However, as should be clear in Figure 8.1, real economic growth had lagged formal reform by almost 10 years. This chapter will help explain why that occurred.
Keywords
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.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Notes
Asiedu, E. (2004). Policy reform and foreign direct investment in Africa: Absolute progress but relative decline. Development Policy Review, 22(1), 41–48, 41.
Meller, P. and Simpasa, A. (2011). Role of Copper in the Chilean & Zambian Economies: Main Economic and Policy Issues, Global Development Network, Working Paper No. 43, June 2011.
Haglund, D. (2008). Regulating FDI in weak African states: A case study of Chinese copper mining in Zambia. Journal of Modern African Studies, 46(4), 547.
Zambian Development Agency (2011) Background. Available at: http://www.zda.org.zm/node/152 [accessed on 28 May 2011].
Zambia Development Agency (2011). Zambia’s Investor Guide, June 2011 Edition, Lusaka, pp. 7–8.
Brautigam, D., Xiaoyang, T. (2011). African Shenzhen: China’s special economic zones in Africa. Journal of Modern African Studies, 49(1), 27–54.
Obiorah, N.,(2007). Who’s afraid of China in Africa? Towards an African civil society perspective on China-Africa relations. African Perspectives on China in Africa, 35–56, 53.
Ferguson, J. (2007). Global Shadows: Africa in the Neoliberal World Order, Duke University Press, pp. 13,203.
Ghandour, M. M. (1975). Dualistic Development: A New Approach, The Developing Economies, 13(3), 243–251.
Japan International Cooperation Agency (2009). Zambia: Africa’s New Frontier for Investments and Profits. Available at: http://www.jica.go.jp/for/business/pdf/invest_zam_01.pdf [accessed 3 March 2011].
People’s Republic of China (2006). Hu Jintao Meets with Burundian President, President of the Somali Interim Government, Speech by President Hu Jintao to China-African Summit, Beijing, 4 November 2006, Forum on China-Africa Cooperation. Available at: http://www.focac.org/eng/tptb/t404200.htm [accessed 11 May 2009].
Gadzala, A. W. (2010). From formal-to informal-sector employment: examining the Chinese presence in Zambia. Review of African Political Economy, 37(123), 41–59.
Zambia-China Cooperation Zone (2011). General Introduction of Zambia-China Economic & Trade Cooperation Zone, ZDA, Lusaka. Zambia Commits 1mln USD to Development of Economic Zone. People’s Daily Online, 21 July 2007. Available at: http://english.people.com.cn/90001/90777/6221111.html [accessed 12 December 2013].
Mutati, F. (2007). Speech given at the NEPAD-OECD Africa Investment Initiative Roundtable, 27 November 2007.
Tordoff, W. ed. (1974). Politics in Zambia. Berkeley: University of California Press, pg 384.
Zambian Anglo American Limited (1969). Statement by the Chairman, Mr H. F. Oppenheimer, 10 December 1969.
Gordon, A. (1972). The Prospects for new Mine Investments. In: Bostock, M., Harvey, C. eds. (1972). Economic Independence and Zambian Copper: A case study of foreign investment. New York: Praeger, p. 207.
Sakanga, L. (2012). Zambia railways thesis report, University of Zambia, Lusaka, pg 51.
Government contracts USD110 million since reaching HIPC, Lusaka Times, 10 July 2007. Available at: http://www.lusakatimes.com/2007/07/10/government-contracts-usd110-million-since-reaching-hipc/[accessed 12 December 2012].
Moyo, D. (2009). Dead Aid: Why Aid Is Not Working and How There is Another Way for Africa. New York: Farrar, Straus and Giroux.
Acemoglu, D. and Robinson, J. (2012). Why Nations Fail: the Origins of Power, Prosperity, and Poverty. London: Profile Books, pp. 70–76.
Kotter, J. P. (1995). Leading change: Why transformation efforts fail. Harvard business review, 73(2), 59–67, 65.
Van de Walle, N. (2001). African economies and the politics of permanent crisis, 1979–1999. Cambridge: Cambridge University Press.
Carothers, T. (2002). The end of the transition paradigm. Journal of democracy, 13(1), 5–21.
Farole, T. (2011). Special Economic Zones in Africa: Comparing Performance and Learning from Global Experiences. Washington DC: World Bank, p. 256.
Author information
Authors and Affiliations
Copyright information
© 2016 Stuart John Barton
About this chapter
Cite this chapter
Barton, S.J. (2016). Inclusion: Stability and Growth (2005–2014). In: Policy Signals and Market Responses. Palgrave Studies in the History of Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137390981_8
Download citation
DOI: https://doi.org/10.1057/9781137390981_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-56902-1
Online ISBN: 978-1-137-39098-1
eBook Packages: Economics and FinanceEconomics and Finance (R0)