The Impact of Privatization Towards Economic Development in Tanzania

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.