Economist Urges Government to Adopt Command-Led Economy

An Economist has advised government to adopt a command led economy where the country starts owning most of the key industries.

Emmanuel Zulu tells Money FM News in an interview that 60 years after Independence, the country is supposed to be more industrious than it is currently.

Mr. Zulu states that when the country becomes industrious, it will reduce on the dependence of imports by manufacturing the goods locally and creating more jobs for its citizens.

He adds that the market led economy where the private sector is running most of the economic activities has not helped the country in a positive way.

Mr. Zulu further observes that 60 percent of Zambians are living in poverty due to poor economic management, therefore the need for government to adopt the command led economy.

“There is need for the country to try a mixed economy model comprised of market-led and command-led models,” Mr. Zulu stated.

He also stressed the need for government to reflect on the country’s Gross Domestic Product (GDP) per Capita, as the current US$30 billion GDP per year is not sustainable.