Uganda’s development strategy
- On the choice of objectives, Uganda emphasizes achieving economic growth, price stability, fair income distribution, high employment levels, infrastructural development etc.
- 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.
- 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.
- 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.
- 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.
- 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.
- On the choice of implementation machinery, both public and private sectors participate in resource allocation and economic decision making.
CATEGORIES Economics
TAGS Dr. Bbosa Science
