Policy Signals and Market Responses: A 50 Year History of Zambia's Relationship with Foreign Capital

by Stuart John Barton

Overview

The 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.

Product Details

ISBN-13:	9781137390974
Publisher:	Palgrave Macmillan UK
Publication date:	11/03/2015
Series:	Palgrave Studies in the History of Finance
Edition description:	1st ed. 2016
Pages:	285
Product dimensions:	5.51(w) x 8.50(h) x 0.03(d)

About the Author

Stuart John Barton is a Chartered Financial Analyst, Doctoral Candidate, and member of the Centre for Financial History at the University of Cambridge, UK. Barton previously worked as a derivatives trader for Barclays Capital and HSBC in London, New York and Hong Kong, and now manages a Commodity Trading Advisor in New York.

Table of Contents

1. Introduction and Background
2. What the Literature Already Tells Us
3. Control – Responsibility and Risk (1964-1970)
4. Exclusion – Centralization and Contradiction (1970-1974)
5. Crisis – Decline and Denial (1975-1981)
6. Conditionality – Inertia and Adjustment (1981-1991)
7. Reform – Building Trust and Raising Capital (1991-2005)
8. Inclusion – Stability and Growth (2005-2014)
9. Zambia's 50 Year Relationship with Foreign Capital

Editorial Reviews

The strength of this book is that it aims to shift the focus from Zambia’s economic troubles away from forces outside its control … . this is a well-researched and valuable book. With a dense bibliography and a clearly organized format, this book is heavily recommended for scholars of African economic development and others interested in the mechanisms behind economic growth.” (Craig J. Richardson, EH.Net, March, 2016)

From the Publisher