Briefing from ROAPE Volume 5 Number 12
Zambia: Opening the Gates & Tightening the Belts

Zambia: Opening the Gates and Tightening the Belts
Vol.5 No.12 (Summer 1978), pp87-98
As the advanced capitalist countries evolve new patterns of accumulation in response to crisis, the consequences for dependent countries can be profound. In Zambia, the Presidential and parliamentary elections of 12 December 1978 have overshadowed the realities of the shifts in the country's economic situation. The election campaigning, fairly obviously, diverted public attention. The large foreign loans that the government took on, in part to improve its electoral standing by tackling shortages of commodities and international credit-worthiness, have had some temporary stabilising effect. However, some fairly fundamental things have been happening to the economy. &break;Includes: UNIP (United National Independence Party); copper; CIPEC (Intergovernmental Council of Copper Exporting Countries); INDECO (Industrial Development Corporation); Tan-Zam railway; IMF (International Monetary Fund) and WB (World Bank); AMAX (American Metal Climax); ZIMCO (Zambia Mining and Industrial Corporation)