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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:External trade liberalization: the Tanzanian experience
Author:Tarimo, Ben
Periodical:Tanzanian Economic Trends (ISSN 0856-3373)
Period:June-December 1996
Notes:biblio. refs.
Geographic terms:Tanzania
East Africa
Subjects:trade policy
Economics, Commerce
Foreign trade
Economic liberalization
Foreign exchange control
monetary policy
Economic implications
Abstract:The economic crisis of the early 1980s compelled the government of Tanzania to review its foreign exchange management and, in particular, foreign trade policy. Sequel to that, both export and import policies were reviewed and a number of policy measures have been instituted to increase efficiency not only in the management of foreign trade per se, but also to harmonize the payment and settlement systems. The present author analyses the implications of liberalizing foreign trade in the Tanzanian context. He starts by distinguishing the concept of 'trade liberalization' from that of 'free trade', and then outlines the conduct of foreign trade in a liberalized economic framework. He analyses Tanzania's actual performance under liberalization and the impact on local production, and briefly outlines challenges in increasing efficiency in the conduct of Tanzania's foreign trade in conclusion. App., bibliogr.