Book

Description

Unveiling Zambia's Economic Growth Journey: Pathways to Prosperity and Full Employment In the dynamic landscape of Zambia's economic evolution, "Zambia's Growth Nexus: Unveiling Pathways to Prosperity" presents a thought-provoking analysis of the nation's transition from a command-oriented economic model to a profit-led strategy in 1991. Delving deep into the intricate interplay between politics, economy, and society, this work uncovers the driving forces behind this pivotal shift and its consequences. Amidst the backdrop of determined policymaking and transformative economic aspirations, this exploration unearths both the achievements and the pitfalls. A compelling evaluation of the dichotomy between wage-led and profit-led growth models sheds light on the reasons behind the deceptive outcomes, where growth failed to effectively address unemployment and poverty. With remarkable clarity, the article dissects the intrinsic obstacles inherent in the current profit-led approach, challenging conventional perceptions. The narrative extends beyond historical analysis, encompassing present-day challenges. The pursuit of lasting full employment, an issue resonating not only in Zambia but across developing nations, takes center stage. Focused on the efforts of the United Party for National Development (UPND) government, this article scrutinizes the intricate web of economic policies that have shaped the country's employment landscape. Harnessing the frameworks of economic luminaries Kalecki and Keynes, the examination embarks on an immersive journey through fiscal, monetary, and structural dimensions. The comprehensive assessment of these determina