In 1985, Tanzania was in severe economic distress, plagued by widespread shortages and high inflation. Agricultural production, the mainstay of the economy, had been declining steadily since the 1970s. Exports of cash crops, which traditionally accounted for the bulk of foreign exchange...

In 1985, Tanzania was in severe economic distress, plagued by widespread shortages and high inflation. Twenty years later, inflation has declined to single digits, economic growth has averaged 7 percent per year since 2000, and real per capita income has risen by 50 percent. This report...