Implementation Strategy for the National Five - Year Development Plan 2016/17 – 2020/21 Volume I

Abstract

Tanzania’s Development Vision 2025 envisage that the country will achieve a grand target of graduating to middle income and transformation to semi-industrialized economic status by 2025. The challenges facing countries embarking on industrialisation in this decade are however more stringent than before, considering the competitive and globalising world that we live in today. The barriers to entry, structure of competition in global trade and new forms of protectionism, put to question the long-held thinking that such countries will easily catch up since they are not required to “reinvent the wheel”. Instead, they could tap the immense accumulated capital, technology, knowledge and experience from the developed world. Fortunately, many developing countries, including Tanzania, require only innovative ways to go around these challenges. To this end, they need to come up with new thinking and approaches that will allow them to penetrate the opaque scene of present-day World economic order.