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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The Quest for Rule of Law in a Free Market Economy: The Tanzanian Experience
Author:Mtaki, C.K.ISNI
Year:2002
Periodical:Recht in Afrika = Law in Africa = Droit en Afrique
Issue:2
Pages:165-182
Language:English
Geographic term:Tanzania
Subjects:market economy
rule of law
Law, Human Rights and Violence
Economics and Trade
Development and Technology
Abstract:Tanzania has embarked on a serious policy reform in order to change its economy from a command into a free market economy. In order to achieve this objective a multi-faced policy approach has been conceived. The approach advocates liberalization, commercialization and privatization of public corporations which hitherto had formed the backbone of the command economy. The transformation has been undertaken hand in hand with the creation of a legal framework which is supportive of an open market. However, the transformation of both the economy and the legal framework seem to have been undertaken without a serious commitment to the rule of law, which is the foundation of any prosperous free market economy. The rule of law is a composite concept which enjoys different values and attributes from time to time. Today, one of the values or attributes of the rule of law is the observance of human rights coupled with good governance. Unfortunately, this is the values or attributes for which the Tanzanian government is indicted if judged by the government's past and present record. To achieve the desired goal of a free market the government should be advised that a free market economy and protection of individual rights, coupled with good governance, are two sides of the same coin. Notes, ref., sum.
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