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Policy Signals and Market ResponsesInclusion: Stability and Growth (2005–2014)

Policy Signals and Market Responses: Inclusion: Stability and Growth (2005–2014) [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.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Policy Signals and Market ResponsesInclusion: Stability and Growth (2005–2014)

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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
157 –176
DOI
10.1057/9781137390981_8
Publisher site
See Chapter on Publisher Site

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.]

Published: Dec 21, 2015

Keywords: Foreign Direct Investment; Foreign Investment; Special Economic Zone; Market Response; Policy Signal

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