Zambia Flashcards
Natural asset
Copper
6th highest exporter
Followed which model after 1945?
Modernisation
Mining towns along copperbelt –>
industrial community healthcare education employment landscape of modernity infrastructure global N towns
1960s
Symbol of “emerging Africa”
1969 - GDP =
highest in Africa and higher than BRICS
1974-94 economic decline
per capita fell by 50%
Copper was worth …
90% of exports at one point
Rostow (1960)
Fell off track at ‘take off’
Running in reverse
Deteriorating terms of trade
imports increasing, whilst exports decreasing
fall in copper price
IMF and WB
Implemented SAPs
Burden of debt
Towns experienced
Decline and counter-urbanisation
Fergus (1999)
‘Myth of modernisation’
Not a linear and optimistic trajectory, actually running in reverse
What went wrong?
Over-reliance Debt Burden AIDs epidemic unregulated market hunger and malnutrition Slump in copper price Can't just build out of poverty No protectionism/control/subsidies
1970
Copper price fell
accounted for 93% of export prices
Clothing factory employment decline
1980s: 25,000
2002: 10,000