Uganda’s development strategy

Uganda’s development strategy

  1. On the choice of objectives, Uganda emphasizes achieving economic growth, price stability, fair income distribution,   high  employment   levels,  infrastructural   development   etc.
  2. On the  choice   of  social-   economic   system,   Uganda   is  a mixed   economy   where   resources   are owned  and economic  decisions  made by both  the private  and public  sectors.
  3. On the choice of the leading   sector,   agriculture    is still the leading   sector   Uganda.   However emphasis   is   also   being   put   on industries    and   service   sector.   This   means   that   Uganda    is undertaking   unbalanced   development   strategy.
  4. On the choice of the source  of investment   finance,  Uganda  relies  mainly  on domestic   savings  and foreign  aid from  IMP, World  Bank and friendly  countries.
  5. On the choice of the technique of production, Uganda is emphasizing labour intensive   techniques in order to utilize the available surplus of labour.  However   there  are few medium   and  large  scale industries  using  capital  intensive  technology.
  6. On the choice of trade orientation, Uganda relies on foreign trade because it is not self-sufficient. However, import substitution industries are being set up to reduce dependence on imports.
  7. On the choice of implementation machinery,    both   public   and private   sectors   participate    in resource allocation and economic decision making.
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