Tanzania became an independent country in the 1960s when Tanganyika and Zanzibar united to become the Republic of Tanzania. Since then, the country has had a complicated and challenging development history. Julius Nyerere's 'Ujamaa' program damaged the country's agricultural sector, and the economy has struggled to recover from the devastation it experienced under the state-centered policies of African socialism.
Nevertheless, things seem to be changing. Over the past few decades, GDP per capita has improved significantly in Tanzania, and the country has a lot of positive signs that may indicate it is poised to be East Africa's next economic powerhouse! However, to get there, there are challenges that must be addressed. Watch this video if you want to learn about Tanzania's history, economy, as well as its potential for its future growth.
Thank you to the Fraser Institute for their research, which provided the foundation for several parts of this video.
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