Why should Tanzania engulf its natural wealth? a history worth attention and lessons learnt from economic hurdles

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dc.contributor.authorBonephace, Mectrida
dc.date.accessioned2025-01-03T08:51:26Z
dc.date.available2025-01-03T08:51:26Z
dc.date.issued2019-06
dc.descriptionResearch article
dc.description.abstractThis is a review paper on recent progress in Tanzania‟s natural resources management hurdles towards their full utilization for economic development. The paper summarizes how borrowed legal framework has led astray economic flourishment in the natural resource sector in Tanzania. It shows tactful international web-pin Tanzania had entered into and from which the rescue would have been impossible if the Tanzania‟s President, Hon. John Joseph Pombe Magufuli (JPM) wouldn‟t have acted to end the overdue misery of the nation. Feeble legal framework in natural resources and investment laws thereon have fore-fronted in this paper as the underlying cause for failures to manage Tanzania‟s natural resources. In particular, Foreign Direct Investments (FDIs) is pointed to be one of the drivers through which Tanzania was trapped and exploited-a loop created by foreign adopted legal framework. The paper reckons on Tanzania‟s inability to out-way the tactics within which its natural resource and investment laws had tumbled. It commends enactment of new natural resource laws and explains hopes availed by the new laws.
dc.identifier.issn1821 – 8318
dc.identifier.urihttps://www.suaire.sua.ac.tz/handle/123456789/6470
dc.language.isoen
dc.publisherJournal of Policy and Leadership
dc.relation.ispartofseriesJournal of Policy and Leadership, volume 8 Issue Number 1 June, 2019
dc.subjectNatural wealth
dc.subjectneo-colonialism
dc.subjectFDIs reroute
dc.subjectnatural wealth exploitation
dc.subjectnew natural resource laws
dc.titleWhy should Tanzania engulf its natural wealth? a history worth attention and lessons learnt from economic hurdles
dc.typeArticle

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