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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Malawi's economic and development policy choices from 1964 to 1980: an epitome of 'pragmatic unilateral capitalism'
Author:Kayuni, Happy M.
Periodical:Nordic Journal of African Studies (ISSN 1459-9465)
Geographic term:Malawi
Subjects:economic development
economic policy
About person:Hastings Kamuzu Banda (ca1906-1997)ISNI
External link:https://njas.fi/njas/article/view/186/177
Abstract:The period that runs from 1964 to 1980 was special for Malawi for mainly three reasons: (1) the apparent unique approach to development as compared to other African countries; (2) its unprecedented economic growth; (3) arguably the only period in which Dr Banda, Malawi's first president, had almost total control of the country's economic and development policies. In order to fully appreciate the uniqueness of Malawi's development policies, the article first analyses the ideological framework that guided development approaches in two of Malawi's neighbours: Tanzania (Afro-socialism) and Zambia (humanism). Through a comparative literature review of economic history sources, the paper points out that conditions in Malawi create a plausible reason for a deeper critical analysis of the economic and development policies that were being pursued. Although it can be concluded that economic growth and development are a product of mainly external socioeconomic/political factors, the paper argues that Dr Banda's pragmatic policy choices and determination played a critical role in the progress recorded in the period discussed. These policy choices may distinctively be referred to as 'Pragmatic Unilateral Capitalism'. Bibliogr., notes, sum. [Journal abstract]