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The Economic Policies of Zambia in the 1980s: Towards Structural Transformation with a Human Focus?

In: Africa’s Recovery in the 1990s

Author

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  • Venkatesh Seshamani

Abstract

Zambia entered the 1980s in economic crisis. The origins of the crisis have often been traced to 1975. The country’s terms of trade fell that year to 54 per cent relative to 1974; a balance-of-payments position which had been comfortable in 1974 went into deficit, with the current account amounting to 30 per cent of GDP; government revenues from minerals dropped to less than one-fifth of the previous level, and the budget, which had been in surplus in 1974, moved to a deficit equivalent to 24 per cent of GDP. By 1980 real per capita income had slumped to just one-half the 1974 level and by 1984 to less than one-third of that same level.

Suggested Citation

  • Venkatesh Seshamani, 1992. "The Economic Policies of Zambia in the 1980s: Towards Structural Transformation with a Human Focus?," Palgrave Macmillan Books, in: Giovanni Andrea Cornia & Rolph Hoeven & Thandika Mkandawire (ed.), Africa’s Recovery in the 1990s, chapter 5, pages 116-134, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22344-2_6
    DOI: 10.1007/978-1-349-22344-2_6
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    Citations

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    Cited by:

    1. Garenne, Michel & Gakusi, Albert Eneas, 2006. "Vulnerability and Resilience: Determinants of Under-Five Mortality Changes in Zambia," World Development, Elsevier, vol. 34(10), pages 1765-1787, October.
    2. Eneas GAKUSI & Michel GARENNE, 2004. "Vulnerability and Resilience Determinants of under-five mortality changes in Zambia," Working Papers 200406, CERDI.
    3. Mulanda, Stephen Mulanda & Punt, Cecilia, 2021. "Characteristics of Zambia's agricultural sector and the role for agricultural policy: Insights from CGE modelling," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 300-312.

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