Capitalism in Tanzania and Post Arusha Declaration (Socialist) Policies A Dilemma of Making an About-turn
Lenny Kasoga (The Institute of Finance Management, Dar es Salaam)
Download Article | Published On 01/07/1998

Abstract

For eighteen years Tanzania adopted the Arusha Declaration as the economic development policy, a mode/that sought to develop the country along a socialist path. In response to a serious economic crisis that caused enormous suffering for the local population, due to the scarcity of consumer goods, balance of payment problems and the debt crisis e.r:perienced in the 1980's, socialism was quitely abandoned The purpose of this paper is to query whether the rush to implement capitalism may have similar negative consequences?

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