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Yale Center for the Study of Globalization 15 For example, “narrow and missing markets” was cited as the main factor preventing French companies from investing in Africa (Arias-Chamberline, 2002). 16 In 2009, the share of SSA’s GDP from Nigeria and South Africa was 18 percent and 30 percent, respectively. 414
24. Tanzania: Turning Natural Gas into Sustained Growth Christopher Adam Oxford University Introduction Despite its abundance of natural capital, Tanzania is rarely thought of as a classical resource-rich or natural-resource-dependent economy. But with new natural gas discoveries in its territorial waters of the Indian Ocean, questions of resource dependence and the attendant challenges have, almost overnight, come to dominate the national debate and national sensibilities. The issue is already beginning to alter how Tanzanians view their country and its prospects. As recently as 2010, at the request of the President, the national Planning Commission undertook a review of the Tanzania Development Vision 2025, which had been launched at the turn of the new Millennium, and developed a Long-Term Perspective Plan. The review was duly completed and the Vision re-launched in 2012. But less than three years on, the new Vision and Plan already look shockingly out of date: they make hardly a mention of the gas sector beyond reference to the small onshore fields that have existed for some two decades, and no mention of how the discovery of the huge fields of offshore natural gas might reshape the economics and political economy of Tanzania. This is no criticism of the Planning Commission but rather a recognition of how rapidly these discoveries have changed the frame of reference for the economic policy debate in Tanzania to the point that almost every conversation in Tanzania—in government, civil society, and on the street—is now about the natural gas finds and how the anticipated surge in national wealth will transform the country. 415
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AFRICA at a Fork in the Road TAKING
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Acknowledgements This volume is the
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2. Africa’s Policy Choices in an
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3. Industrialization: The Good Road
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PART II Why Performance Matters: Th
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PART III The Governance Factor
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12. The Political Origins of Africa
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19. The Role of Aid in a Changing A
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PART V Shaping Africa’s Future
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26.5 Moving forward Africa’s mixe
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