MGM102H5 Chapter Notes - Chapter 8: Yellow Fever, Eichhornia Crassipes, Venomous Snake
Document Summary
Background on tanzania: developing country in east africa, one of the highest levels of unemployment and poverty in sub-saharan africa, economy heavily dependent on agriculture. Accounted for half of the gross domestic product (gdp) Independence in 1961, implanted socialist policies ((cid:862)ujamaa(cid:863) in swahili) in 1967. To promote co-operative institutions and build an egalitarian society, eliminating ethnic and gender barriers, creating a common language of swahili. Managed to unite ethnic groups with the practice of ujamaa unity, ethnic harmony: towards end of 1980s, experienced significant economic stagnation and social problems. To combat this, in the early 1990s privatized economy and reformed institutions to attract foreign investment. Ujamaa investment act of 1997 intended to encourage free market and trade liberalization. Development bank replaced by commercial rural development bank (crdb) and. National microfinance bank (nmb: tanzania private sector foundation (tpsf) created to strengthen entrepreneurial culture.
