Press Release Nobel Laureate Professor Joseph Stiglitz, Professor Kaushik Basu and Professor Sabina Alkire to attend Dar es Salaam conference on Equitable Growth in Tanzania..

    The Economic and Social Research Foundation (ESRF) in collaboration with the Government of Tanzania and Embassy of Sweden are organizing a Conference on “Equitable Growth and Human Development in Resource Based Economy: Dialogue on Stockholm Statement for Tanzania” to be held on May 2nd, 2018 at Hyatt Regency – The Kilimanjaro Hotel, Dar es Salaam from 8:30am to 17:00pm

    The Conference aims at augmenting national efforts of maximizing benefits from natural resources for inclusive growth and human development. The drive of this Conference is to discuss the Stockholm Statement and the way it can inform design of development policies in Tanzania and other resource rich African economies.

    Stockholm Statement was formulated when thirteen of the world's leading development economists, including Nobel Laureate Professor Joseph Stiglitz and three other former Chief Economists of the World Bank, summarized their accumulated knowledge on good economic policy for inclusive and sustainable development. The statement was developed following a conference in Stockholm 2016 hosted by the Swedish International Development Cooperation Agency, Sida. The eight principles of the statement combine perspectives and take a holistic view on development.

    The principles state that growth needs to be inclusive, that GDP growth is not a goal in itself but a means to create the resources needed to achieve a range of societal objectives. Furthermore, environmental sustainability is not an option but a requirement. The Statement is not a blueprint for development but should rather be seen as inspiration and a reminder of important principles, objectives and values that need to be combined for an inclusive and sustainable development.

    Professors Joseph Stiglitz, Professor Kaushik Basu and Professor Sabina Alkire have come to Dar es Salaam to discuss the specific opportunities and challenges Tanzania is facing in the strive towards becoming a middle income country with shared prosperity, using the principles of Stockholm Statement as a frame. This conference should serve as a foundation for fruitful discussions about economic development and policy making in Tanzania.

    The theme of the Conference depicts the reality that, for many years, Tanzania has significantly relied on agriculture as the backbone of the economy. Over the past twenty years, however, the impulse of economic reforms and transformation has led to increased role of natural resources especially mining in the economy. Recently a new episode in Tanzania’s natural resource based transformation is emerging with the identification of extensive on-shore and off-shore gas reserves. This greater role of natural resources in the economy of Tanzania provides the country with another opportunity of building an industrial economy in a drive to becoming a Middle Income Country by 2025. Basing on this context that the ESRF is organizing the 7th National Conference to augment national efforts of maximizing benefits from natural resources for inclusive growth and human development. To a large extent, the conference shall be informed by “Stockholm Statement”.

    The conference will feature presentations from prominent speakers from inside and outside Tanzania who some of them were part of the Economists who came up with the Stockholm Statement in 2016. The speakers include:-

    • Prof. Joseph Stiglitz, Nobel Laureate, Columbia University (2001) and a former member and chairman of the (US President’s) council of economic advisors.
    • Prof. Kaushik Basu, Professor of Economics, Cornel University, Ithaca and Former Chief Economist of the World Bank
    • (Prof. Sabina Alkire, Director of the Oxford Poverty and Human Development Initiative, University of Oxford.

    The Conference will be preceded by Public Lecture at the University of Dar es Salaam on Monday 30th, April 2018 from 3:00pm – 5:00pm, and a visit to some selected enterprises and business entities on Tuesday 1st, May to let our guests to get an experience of local enterprises activities in respect to our Conference theme.

    The Conference will bring together economists and development stakeholders in Tanzania. The key participants from Tanzania will include; senior policy makers in the government especially those working in design of economic policies – key staff from Ministry of Finance and Planning, Prime Minister’s Office, Ministry of Trade, Industry and Investment, Central Bank, Tanzania Revenue Authority. Other participants will be academicians and researchers, development partners and members of private sector and civil society.

    Participation is limited to those who have registered for the event. The Event will be live streamed through these links of our youtube channel through knowledgetv and hash tags #resourcebasedeconomy, #stockholmstatementtz and #inclusivegrowth

    Papers to be represented in this conference will be accessed through Conference Website

    Last updated on 2018-04-27

ESRFs activities are supported by the Government of the United Republic of Tanzania, United Nations Development Programme (UNDP), African Capacity Building Foundation (ACBF) and International Development Research Centre (IDRC)