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The main landmark in Tanzania’s economic the launch of Ujamaa as a development policy in 1967 during the Arusha declaration..
Ujamaa was meant to transform production in rural areas and to increase labour productivity and even allow specialization introduction.
The government nationalized all the major means of production and essential services in order to empower people economically.
The Tanzam railway was constructed with the help of china and was completed in 1975. In 1976, cooperative societies were abolished and replaced with centralized corporations owned by the government.
The period between 1979 and 1985 witnessed economic stagnation in Tanzania as investors pulled out of the country.
The collapse of the East African Community also affected the economy of the country.
After 1985, Nyerere’s economic policies began to be challenged openly by scholars and economists
When president Mwinyi took over, he undertook to reform the economy of Tanzania.
Kavungya answered the question on May 13, 2019 at 06:49
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