LEADER 05583nam 22009495 450 001 9910254877503321 005 20240702094129.0 010 $a9781137390981 010 $a1137390980 024 7 $a10.1057/9781137390981 035 $a(CKB)3710000000500286 035 $a(EBL)4082216 035 $a(SSID)ssj0001569375 035 $a(PQKBManifestationID)16219472 035 $a(PQKBTitleCode)TC0001569375 035 $a(PQKBWorkID)13700268 035 $a(PQKB)10538740 035 $a(SSID)ssj0001616832 035 $a(PQKBManifestationID)16348135 035 $a(PQKBTitleCode)TC0001616832 035 $a(PQKBWorkID)14921536 035 $a(PQKB)11710609 035 $a(DE-He213)978-1-137-39098-1 035 $a(MiAaPQ)EBC4082216 035 $a(PPN)191702838 035 $a(Perlego)3488007 035 $a(EXLCZ)993710000000500286 100 $a20160126d2016 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPolicy Signals and Market Responses $eA 50 Year History of Zambia's Relationship with Foreign Capital /$fby Stuart John Barton 205 $a1st ed. 2016. 210 1$aLondon :$cPalgrave Macmillan UK :$cImprint: Palgrave Macmillan,$d2016. 215 $a1 online resource (298 p.) 225 1 $aPalgrave Studies in the History of Finance,$x2662-5172 300 $aDescription based upon print version of record. 311 08$a9781349569021 311 08$a134956902X 311 08$a9781137390974 311 08$a1137390972 320 $aIncludes bibliographical references and index. 327 $aCover; Contents; List of Figures and Tables; Acknowledgements; List of Abbreviations; 1 Introduction and Background; Introduction; Methodology and sources; Scope and limitations; Overview of the book; Important background to the period; 2 What the Literature Already Tells Us; Introduction; Copper dependency; Capital constraint; Policy and capacity; Institutions and economic growth; Historical paths and causal mechanisms; Linking Zambia's institutions with economic growth; 3 Control: Responsibility and Risk (1964-1970); Introduction; UNIP's political context; The State and the economy 327 $aInstitutional changeMarket response; Control - responsibility and risk; 4 Exclusion: Centralisation and Contraction (1970-1974); Introduction; Economic exclusion; Political exclusion; International exclusion and foreign reserves; Mine management takeover, 31 August 1973; Exclusion: centralisation and contraction; 5 Crisis: Decline and Denial (1975- 1981); Introduction; First balance-of-payments crisis - 1976-1978; Underlying factors; Reform under institutional inertia; Opposition, exclusivity, and renewed control; MiGs before maize; Crisis: decline and denial 327 $a6 Conditionality: Inertia and Adjustment (1981-1991)Introduction; The second balance-of-payments crisis - 1981-1983; Conditionality and implementation; The new economic recovery programme - 1987-1989; New reform and an emerging democracy - 1989-1991; Conditionality - Inertia and Adjustment; 7 Reform: Building Trust and Raising Capital (1991-2005); Introduction; Formal reform and informal resistance; Uncomfortable privatisation, ZCCM, 1992-2000; Sustaining reform and the HIPC Initiative; Inclusion and economic stimulus - export processing zones; Reform: building trust and raising capital 327 $a8 Inclusion: Stability and Growth (2005-2014)Introduction; Reluctant investment; Special economic zones and institutional islands; Investment growth in the MFEZs, 2007-2014; Relationship with foreign capital outside the zones; Renewed borrowing; Inclusion: stability and growth; 9 Zambia's 50-Year Relationship with Foreign Capital; Introduction; Setting expectations and accepting responsibility; Exclusivity and foreign investment; Institutional inertia, crisis, and reform; Conclusion: how exclusivity has affected Zambia's growth; Notes; Bibliography; Index 330 $aThe study presents archival evidence to show how President Kaunda raised political and economic exclusivity in Zambia in the early years of Zambia's independence, and how this retarded capital investment. Despite formal reforms and a new government, this institutional mechanism still dominates and constrains Zambia's political economy today. 410 0$aPalgrave Studies in the History of Finance,$x2662-5172 606 $aEthnology$zAfrica 606 $aCulture 606 $aInternational economic relations 606 $aCapital market 606 $aEconomic policy 606 $aFinancial services industry 606 $aDevelopment economics 606 $aAfrican Culture 606 $aInternational Economics 606 $aCapital Markets 606 $aEconomic Policy 606 $aFinancial Services 606 $aDevelopment Economics 615 0$aEthnology 615 0$aCulture. 615 0$aInternational economic relations. 615 0$aCapital market. 615 0$aEconomic policy. 615 0$aFinancial services industry. 615 0$aDevelopment economics. 615 14$aAfrican Culture. 615 24$aInternational Economics. 615 24$aCapital Markets. 615 24$aEconomic Policy. 615 24$aFinancial Services. 615 24$aDevelopment Economics. 676 $a338.96894 700 $aBarton$b Stuart John$4aut$4http://id.loc.gov/vocabulary/relators/aut$0868682 906 $aBOOK 912 $a9910254877503321 996 $aPolicy Signals and Market Responses$91939183 997 $aUNINA