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Tanzania: The Path to Prosperity

On the 19th of September the Bank of Tanzania


(BoT) and the International Growth Centre (IGC)
will launch a new book Tanzania: the Path to
Prosperity, edited by Governor of the
BoTBennoNdulu and top IGC and University of
Oxford economists Sir Paul Collier and Professor
Christopher Adam, at a seminar in the Bank of
Tanzania conference in Dar es Salaam. The
chapter authors will briefly summarise the
content of their work with discussion focusing on
the key issues for policymakers, academics, and
other stakeholders to be aware of.

The book spans a wide range of economic policy


issues likely to confront Tanzania over the
coming decade. The unifying idea turns on the
core tenet that prosperity builds on productivity
and productivity depends on the emergence of
effective organisations. These organisations
need to be capable of managing increasingly
complex processes of production, trade and
distribution in the market economy and, through
effective bureaucracies and public policy, they
need to be capable of coordinating public sector
inputs into these processes.

The papers in this new volume approach this organisational shortage diagnosis from a range of
perspectives. The authors identify the big strategic challenges facing Tanzanian policymakers over
the coming decades. This is prefaced by an elegant economic history by Governor BennoNduluthat
traces the evolution of economic thinking on growth and development across the countrys first four
presidencies. In this way, the papers set out an ambitious agenda for the country over the coming
decades.

At the heart of this agenda are a cluster of issues concerned with the deep structural determinants
of growth and prosperity:

i) the management of offshore natural gas reserves;


ii) the opportunities for processes of urbanisation to alter the fundamental organisation of
production and consumption;
iii) how infrastructure and logistics need to be structured to support a modern and urbanising
economy;
iv) how the development of effective rural-urban linksis essential to supporting the rapid
expansion of an increasingly affluent urban population;
v) job creation, income and poverty;
vi) andthe implications for macroeconomic agencies.

At the event these topic will be discussed in greater detail, and copies of the book will be available
for attendees.