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Periodical article | Leiden University catalogue | WorldCat |
Title: | Recovery of the industrial sector: some lessons from experience |
Author: | Wangwe, S. |
Year: | 1988 |
Periodical: | Tanzanian Economic Trends |
Volume: | 1 |
Issue: | 3 |
Pages: | 34-44 |
Language: | English |
Geographic term: | Tanzania |
Subjects: | industrial development industrial policy |
Abstract: | Acute shortages of goods, nonavailability of incentive goods, shortfalls in budget revenue, declining manufactured exports, high unit cost of production, low labour productivity, declining profitability, and limited surplus generation of the industrial sector have been characteristic features of the depressing industrial performance of the 1980s in Tanzania. In response to the crisis, the government has introduced three main policy packages: the National Economic Survival Programme of 1981 and 1982 (NESP), the Structural Adjustment Programme of 1982 (SAP), and the Economic Recovery Programme of 1986 (ERP). Experience so far has revealed that the following issues now require serious consideration in order to bring about a sustained recovery of the industrial sector: industrial protection, lowering the import content, allocation of foreign exchange and other resources, coordination in allocation of foreign exchange and credit facilities, and learning from past errors in investment decisionmaking. Bibliogr., ref. |