Inclusive Growth in Tanzania: Lessons from Elsewhere
On May 4, 2016 IGC Tanzania, in partnership with the Bank of Tanzania (BOT), hosted Professor Stefan Dercon (Chief Economist, DFID) as part of the BOT research department’s monthly research seminar series.
Professor Dercon presented “Inclusive Growth in Tanzania: Lessons from Elsewhere,” highlighting Tanzania’s impressive gains in reducing poverty and improving human development. Dercon also identified areas for growth opportunities in the medium term as well as Tanzania’s unique economic advantages in the region: location, tourism, agriculture, export diversification, and opportunities to attract investment and manufacturing from Asia. Finally, Dercon emphasised the difficulty of designing industrial policies successfully and the importance of cultivating an effective state that fosters economic growth and structural transformation.