Research On The Problem Of Economic Management Of Zambian Government

The thesis through comprehensive investigation,analyses why the ordinary Zambian people cannot benefit from the reform of economic liberalization.The rationale of this study is to develop awareness that Zambia's wealth is not being fully captured and retained due to diversions and oversights.Zambia would be a rich nation again if its public finances and resources were properly and responslbly managed for the benefit of a11. As it is,there is a high incidence of public funds abuse,resource diversion and wastage in Zambia to the detriment of the entire economy.This urgently calls for the Zambian people to realize their potential and to hold public workers more accountable in management of public funds so that they dutifully perform community projects such as construction and repair of roads.bridges.health centers.schools and other infrastructure.Focus is directed onto the core problem of the research;impediments to the benefits of economic liberalization in Zambia.The researcher seeks to ascertain if such factors as economic mismanagement, the debt crisis, empowerment of foreigners over skilful indigenous natives,abuse of power,corruption,resource plundering,tax diversion and capital flight indeed impede upon the economic liberalization process in the country.In the thesis,the macroeconomic problems that Zambia is currently undergoing such as deceleration of economic growth,unemployment,poverty,inflation, inequity,over-taxation,continual debt servicing,and othor problems such as strikes and massive emigration by disgruntled workers, are examined.There are indications of gross poverty in the country;poor standards of living,jobless citizens,plenty of beggars and home-less street kids.Wide income disparities and high cost of living have diminished the purchasing power of the majority ofZambians.Real GDP growth has been weak and uneven,savings have remained very low,real interest rates have been very high and the exchange rate has continued to worsen against the world's major trading currencies.