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Inclusion: Stability and Growth (2005–2014)

In: Policy Signals and Market Responses

Author

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  • Stuart John Barton

    (University of Cambridge)

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.

Suggested Citation

  • Stuart John Barton, 2016. "Inclusion: Stability and Growth (2005–2014)," Palgrave Studies in the History of Finance, in: Policy Signals and Market Responses, chapter 8, pages 157-176, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-1-137-39098-1_8
    DOI: 10.1057/9781137390981_8
    as

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