Fast tracking development thru Special Economic Zones: What can be said so far?
Mozambique’s economic growth has propelled the country into one of the fasted growing economies in the world. She has grown on a 7% average GDP rate over the past decade, signalling macro prudent economic policies and attracting massive sums of foreign direct investments. Positive developments have generally been recorded across many sectors of the economy despite the persistence of challenges in the social fronts. Prospects for the next years are favourable fuelled by significant discoveries of natural resources, particularly coal, gas and oil. Developments in the extractive industry have been robust enough to renew and boost dynamism countrywide. Despite these strides, most Mozambicans are still poor with limited access to health, education and other social services. Growth on the other hand, has been unequal with persistent regional and socio economic imbalances across the country. Notable macroeconomic threats include shift towards overreliance on the extractives and possible negative effects of the Dutch disease.