The Tanzanian Journey
When anyone surveys the nations of East Africa it is evident that they have all taken quite different journeys over the last forty years. Tanzania has shown itself to be innovative and in the past has endeavoured to formulate its own economic model, with mixed success. Such have been the vicissitudes of the global economy over the years that external factors have often undermined laudable aims, whilst internal flaws have impeded implementation and reform.?
Recent events have elucidated some of the serious weaknesses in the Western Capitalism. Whilst unfettered capitalism has created fabulous wealth for some, its rapacious appetite has taken parts of the world economy to the brink of economic famine. Developing nations have been further left on the margins, whilst those on the economic top table engage in a period of angst and straw clutching. Now is certainly time to take stock.
So what direction should Tanzania take? There are three main areas for concern:
Aid Dependency ? In common with a number of other developing nations Tanzania's economy kevin grey road jersey is skewed by its over reliance on overseas aid. This in itself stifles innovation and becomes a disincentive for successive governments to tackle underlying economic weaknesses with zeal. Corruption ? Has become an insidious feature of society that is greeted with a degree of resignation by many people. This further impedes economic development. Excessive bureaucracy ? Whilst Tanzania has managed to attract considerable foreign investment the climate for kevin grey road jersey enterprise and entrepreneurship is still hampered by unnecessary red tape.All governments by their very nature are reluctant to admit failings and so it was regrettable to see a slight deterioration in Tanzania's standing in the Press Freedom Index (2008) compiled by Paris based NGO Reporters sans frontières (Reporters WithoutBorders). That said, Tanzania's ?70th position out of a 173 compared very favourably with its regional neighbours: Malawi
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