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Full Description
This book, the third in the Africa: Policies for Prosperity series, is concerned with the challenges of securing economic prosperity in Tanzania over the coming decades.
Building on widespread economic reforms in the early 1990s, Tanzania has recorded steady economic growth over the last two decades, despite the downturn in global economic fortunes since 2008. The process of reform is continuous, however, and the challenge facing the current generation of policymakers is how to harness these favourable gains in macroeconomic stability and turn them into a coherent strategy for labour-intensive, inclusive growth over the coming decades. The next twenty years offer huge opportunity but also huge challenges to Tanzania. The pace of economic transformation and integration into the regional and global economy is picking up; society is becoming much more urban and with population growth remaining high, the need for high-quality employment, especially amongst the young, has never been so pressing. At the same time, the discovery of large natural gas reserves and a programme of heavy investment in transport and communications infrastructure creates the opportunity for Tanzania not just to exploit its natural locational advantage, but to finance the investment in this transformation.
This volume brings leading international and national scholars into the policy arena to examine these challenges and to lay out, in a rigorous but accessible manner, economic policy options facing policymakers in Tanzania.
Contents
1: Christopher Adam, Paul Collier, and Benno Ndulu: Introduction: Productivity, Organizations, and Connectivity
2: Benno Ndulu and Nkunde Mwase: The Building Blocks towards Tanzania's Prosperity: Lessons from Looking Back and The Way Forward
3: Mark Henstridge and Dennis Rweyemamu: Managing Hydrocarbon Resources
4: Paul Collier and Patricia Jones: Transforming Dar es Salaam into a City that Works
5: Charles Kunaka, Olivier Hartmann, Gaël Raballand, and Rukia Shamte: Trade, Logistics Infrastructure, and Regional Integration
6: Douglas Gollin and Radhika Goyal: Agricultural Transformation in Tanzania: Linking Rural to Urban through Domestic Value Chains
7: Margaret McMillan, John Page, and Samuel Wangwe: Unlocking Tanzania's Manufacturing Potential
8: Mahjabeen Haji and Jacques Morrisset: Tanzania: Building a Skills Agenda towards Productive Employment
9: Channing Arndt, Vincent Leyaro, Kristin Mahrt, and Finn Tarp: Growth and Poverty: A Pragmatic Assessment and Future Prospects
10: Christopher Adam, Jehovaness Aikaeli, and Anne Laski: Public Investment and Fiscal Reforms
11: Pantaleo J. Kessy, Stephen A. O'Connell, and Johnson Nyella: Monetary Policy in Tanzania: Accomplishments and the Road Ahead
12: Natu Mwamba, Nangi Massawe, and Kennedy Komba: Financial Sector Development and Financial Inclusion