Economic Development In Tanzania

PROJECT REPORT ON

INTER-COUNTRY COMPARISONS BASED ON WORLD DEVELOPMENT INDICATORS

Submitted By:

Deepti

Nikita

Kartik

Introduction:

Economic development is the development of economic wealth of countries, regions or communities for the well-being of their inhabitants. From a policy perspective, economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base. In most of the countries it is the primary objective.

Economic development of three countries- Tanzania, Brazil and Norway with respect to economic development

In Tanzania before independence, educational access was very restricted. In 1974 Universal primary education (UPE) was brought about to transform rural society and agriculture, which formed a majority of the livelihoods.

"Project Performance Assessment Report: Tanzania", World Bank, Report No. 55383, 28 June 2010 (pages 2-3) say “By the early 1980s, external shocks (oil crises, low coffee prices, drought, and war with Uganda) and deficient economic policy caused an economic crisis that needed to be resolved through economic restructuring and recovery. Tanzania 's relationship, however, with the World Bank and the International Monetary Fund (IMF) was tense because of differing perspectives on the root causes of the economic crisis and how to handle it. Tanzanian policy makers attributed the crisis to exogenous shocks, while the World Bank and the IMF stressed deficient economic policies and institutions as the root cause. For the education sector, this period saw a huge reduction in resources that lead to a reversal of progress made towards UPE during the 1970s and declining quantity and quality at all levels of

Although the incidence of poverty for Tanzania lies between 85% to 90% for 1.25/2 $ a day, according to their National poverty line the percentage of population under poverty is 34% only, but given the fact that these 1.25$ and 2$ are PPP adjusted reflects that the poverty in Tanzania is severe.

1990’s showed that rich Brazilians received 42% of the nation’s income and only 1.2% was received by the poor. This led to underdevelopment and poor standards of living. Even though this was the case, Brazil has a lower percentage of poverty. In 2003, the President Lula Silva launched programmes such as ‘Bosla Familia’ – cash transfer programme that gives money to the impoverished families under the condition that they keep their children vaccinated and in school.

In Tanzania due to corrupt government and the problem of accountability in leadership, there is high % of population who receive less than $1.25- $2 a day. There isn’t proper distribution of income. From 84.5 in 2000 it drastically reduced to 67.8 in 2007. This was due to the introduction of programmes (MKUKUTA) which aimed at reducing poverty and improving food