By Caesar Cheelo
Zambia is experiencing the most dramatic economic downturn seen in the country’s post-liberalization era. Some have described the downturn as a crisis and an economic collapse.
Somehow the current situation seems a lot like déjà vu. About four decades ago the Zambian economy collapsed. Many accounts show that this happened because despite its rich resource base, by the late 1970s, Zambia was suffering from a number of chronic structural economic problems rooted in the policies of the 1960s and 1970s coupled with external shocks.