ABSTRACT
Tanzania, an East African country with abundant natural and human resources, shares a similar policy climate of economic and political transformation with other developing countries as they move towards greater integration into the global economy (Kulindwa 2002). An economic downturn in the 1970s and 1980s, brought about by oil price rises, unfavourable climatic conditions and growing external debt, resulted in Tanzania pursuing economic liberalisation, privatisation and deregulation reforms typical of IMFled Structural Adjustment Programmes of the time.
