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Policy Signals and Market ResponsesIntroduction and Background

Policy Signals and Market Responses: Introduction and Background [When looking back over 50 years of Zambian independence, it is disappointing to note how unsuccessfully its leaders have converted the country’s abundant natural resources and peaceful political history into economic growth. In fact, by some measures, Zambians are worse off today than they were at Independence in 1964. According to the World Bank, for example, real Gross Domestic Product (GDP) per Zambian has shrunk by almost a fifth since 1964, a poor result considering the impressive growth enjoyed by so many other resource-rich economies (Table 1.1).1] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Policy Signals and Market ResponsesIntroduction and Background

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-56902-1
Pages
1 –18
DOI
10.1057/9781137390981_1
Publisher site
See Chapter on Publisher Site

Abstract

[When looking back over 50 years of Zambian independence, it is disappointing to note how unsuccessfully its leaders have converted the country’s abundant natural resources and peaceful political history into economic growth. In fact, by some measures, Zambians are worse off today than they were at Independence in 1964. According to the World Bank, for example, real Gross Domestic Product (GDP) per Zambian has shrunk by almost a fifth since 1964, a poor result considering the impressive growth enjoyed by so many other resource-rich economies (Table 1.1).1]

Published: Dec 21, 2015

Keywords: Gross Domestic Product; International Monetary Fund; Institutional Quality; National Archive; Market Response

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