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Van Waeyenberge, Elisa and Bargawi, Hannah (2015) 'Moving beyond the paradox of macroeconomic stability in Uganda?' Journal of Contemporary African Studies, 33 (1). pp. 121-140.

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Abstract

This article explores macroeconomic policies in Uganda in the wake of the global financial crisis and following the publication of the 2010 National Development Plan. Despite apparent changes in rhetoric regarding macroeconomic policies by the Ugandan authorities, the paper demonstrates how the commitment to conservative monetary and fiscal policies prevails. The article analyses how the persistently conservative macroeconomic policy stance has exacerbated the lack of economic transformation in the Ugandan economy. The resultant outcome has been a failure to absorb the fast-growing Ugandan labour force into productive and gainful employment. The case is therefore made for an alternative macroeconomic framework that puts public investment at its centre and which complements macroeconomic policies with suitable sector-specific and industrial policies.

Item Type: Journal Article
Keywords: Uganda, Macroeconomic Policies, Inequality, Employment
SOAS Departments & Centres: Departments and Subunits > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
ISSN: 02589001
DOI (Digital Object Identifier): https://doi.org/10.1080/02589001.2015.1021213
Date Deposited: 08 Aug 2014 08:28
URI: http://eprints.soas.ac.uk/id/eprint/18842

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