Year: 1982
Type: other
Abstract: Tanzania is in the midst of a severe economic crisis which became visible in mid-1979 and shows no signs of early abatement.From record levels of real output per capita, purchasing power of exports, foreign exchange reserves and recurrent budget surplus in 1977-78 it experienced precipitate falls to the end of 1979.Since then, while decline has been slowed, underlying pro ductive capacity and infrastructure are still deteriorating because of inability to finance imports and real welfare is still drifting downward with inflation outrunning minimum wage, grower crop price and -especially -salary increases.That much is agreed by Tanzanians and outside observers.On causes, cures and more detailed facts tremendous differences
Author: Reginald H. Green
Language: English
Subfield: Development
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1599402734