Malawi’s Economic Progress and Prospects

This paper presents a broad vista of Malawi’s development record, and picks out for more detailed examination certain issues and problems that appear to be particularly important to :the country’s future. The first section out, lies some of the major constraints and problems and examines the way in which these factors have interacted in very much of a logical way to produce among the politicians a certain view of the nature of the ‘development problem’ and how it may be tackled. The strategy that has thus evolved is outlined. The second section describes the performance of the economy since 1964 and discusses the major weaknesses. In the third section attention is paid to the way in which development has been financed and the degree of external indebtness. The fourth section deals with the distribution of the gains from growth. Finally, the paper examines some of the major projections made in the ‘Statement of Development Police 1971-1980’ and discusses the likely course of the economy. Ref., notes, tables, figure, appendix.

Title: Malawi’s Economic Progress and Prospects
Author: Humphrey, David H.
Year: 1973
Periodical: Eastern Africa Economic Review
Volume: 5
Issue: 2
Period: December
Pages: 71-104
Language: English
Geographic term: Malawi
Abstract: This paper presents a broad vista of Malawi’s development record, and picks out for more detailed examination certain issues and problems that appear to be particularly important to :the country’s future. The first section out, lies some of the major constraints and problems and examines the way in which these factors have interacted in very much of a logical way to produce among the politicians a certain view of the nature of the ‘development problem’ and how it may be tackled. The strategy that has thus evolved is outlined. The second section describes the performance of the economy since 1964 and discusses the major weaknesses. In the third section attention is paid to the way in which development has been financed and the degree of external indebtness. The fourth section deals with the distribution of the gains from growth. Finally, the paper examines some of the major projections made in the ‘Statement of Development Police 1971-1980’ and discusses the likely course of the economy. Ref., notes, tables, figure, appendix.