Policy signals and market responses : a 50 year history of Zambia's relationship with foreign capital

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Policy signals and market responses : a 50 year history of Zambia's relationship with foreign capital

Stuart John Barton

(Palgrave studies in the history of finance / series editors, Adrian R. Bell, D'Maris Coffman and Tony K. Moore)

Palgrave Macmillan, 2016

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Note

Includes bibliographical references (p. 244-274) and index

Description and Table of Contents

Description

The study presents archival evidence to show how President Kaunda raised political and economic exclusivity in Zambia in the early years of Zambia's independence, and how this retarded capital investment. Despite formal reforms and a new government, this institutional mechanism still dominates and constrains Zambia's political economy today.

Table of Contents

1. Introduction and Background 2. What the Literature Already Tells Us 3. Control - Responsibility and Risk (1964-1970) 4. Exclusion - Centralization and Contradiction (1970-1974) 5. Crisis - Decline and Denial (1975-1981) 6. Conditionality - Inertia and Adjustment (1981-1991) 7. Reform - Building Trust and Raising Capital (1991-2005) 8. Inclusion - Stability and Growth (2005-2014) 9. Zambia's 50 Year Relationship with Foreign Capital

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