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Policy Signals and Market ResponsesExclusion: Centralisation and Contraction (1970–1974)

Policy Signals and Market Responses: Exclusion: Centralisation and Contraction (1970–1974) [Chapter Three has argued that the first six years of the United National Independence Party’s (UNIP) administration were characterised by reduced institutional constraint on the Executive, and President Kenneth Kaunda’s deepening personal control of the Zambian State and the economy. It argued that rising political exclusivity increased policy uncertainty which raised investors’ perceptions of risk. By 1970, Kaunda’s policies had already triggered the emigration of hundreds of skilled European miners and Indian businessmen and contributed to Anglo American (Anglo) disin vesting more than USD 350 million in financial assets from Zambia’s economy.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Policy Signals and Market ResponsesExclusion: Centralisation and Contraction (1970–1974)

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References (12)

Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-56902-1
Pages
66 –90
DOI
10.1057/9781137390981_4
Publisher site
See Chapter on Publisher Site

Abstract

[Chapter Three has argued that the first six years of the United National Independence Party’s (UNIP) administration were characterised by reduced institutional constraint on the Executive, and President Kenneth Kaunda’s deepening personal control of the Zambian State and the economy. It argued that rising political exclusivity increased policy uncertainty which raised investors’ perceptions of risk. By 1970, Kaunda’s policies had already triggered the emigration of hundreds of skilled European miners and Indian businessmen and contributed to Anglo American (Anglo) disin vesting more than USD 350 million in financial assets from Zambia’s economy.]

Published: Dec 21, 2015

Keywords: Foreign Exchange; Mining Company; Central Committee; Market Response; Foreign Exchange Reserve

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