By Prof Anna Kajumulo Tibaijuka
Over the past three weeks, I have argued that Tanzania’s economic reforms fundamentally changed the role of government. Liberalization did not remove government from the economy. It changed its responsibility: from determining prices to ensuring that markets operate fairly, efficiently and in the public interest.
Whether discussing agricultural producer prices or consumer prices for fuel and public transport, one lesson consistently emerges: sustainable prosperity depends less on governments fixing prices than on governments building institutions that enable markets to function well.
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