Abstract:
This research proposal centers on the assessment of the Influence of Privatization on Economic
Development in Tanzania, specifically delving into the case study of the Tanzania Chamber of
Commerce, Industrial, and Agriculture. In order to systematically address the research objectives, the
proposal employs various modes of analysis tailored to each specific objective or variable associated
with the Impact of Privatization on Economic Development. To guide the research, relevant research
questions were formulated, serving as the foundation for data collection.
The study conducts a comprehensive review of theories and empirical literature, aligning them with the
research to contribute to the existing knowledge gap. A conceptual framework is adopted to illustrate the
conceptual ideas of the study, interconnecting them through the use of study variables. Utilizing a case
study design, the research collects both primary and secondary data through questionnaires, interviews,
and documentary reviews. The researcher employs non-probability sampling, specifically the purposive
sampling technique, to select a sample size of 100 from a population of 150. Descriptive analysis is
applied to analyse preliminary data, while multiple regression analysis is used to measure relationships
among variables. The findings of the study reveal a significant and positive relationship between
economic productivity and economic advancement, indicating that improving economic productivity
positively influences economic development. Effective economic resource management is strongly
correlated with economic development, emphasizing that skilful resource management contributes to
economic growth. The study also highlights a positive connection between the capital market and
economic development, suggesting that capital market involvement plays a beneficial role in economic
development. It concludes that harnessing employees' capabilities similarly impacts economic
development positively. In summary, the research on the impact of privatization on economic
development in Tanzania acknowledges a multifaceted interplay of factors influencing the outcomes of
this transformative process. Privatization across various sectors of the Tanzanian economy yields mixed
results, reflecting both positive and negative implications for economic development.
