Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/31035
Title: Prospects for economic competitiveness in Lesotho
Other Titles: Competitiveness strategies for small states
Authors: Moletsane, Ramoshebi I.M.
Masia, Sekone
Keywords: Competition -- Lesotho
Lesotho -- Economic conditions
Lesotho -- Politics and government
Macroeconomics -- Lesotho
Issue Date: 2004
Publisher: Formatek Ltd.
Citation: Moletsane, R. I. M., & Masia, S. (2004). Prospects for economic competitiveness in Lesotho. In L. Briguglio, & G. Cordina (Eds.), Competitiveness strategies for small states (pp. 216-228). Blata I-Bajda: Formatek Ltd.
Abstract: This chapter assesses the main constraints facing Lesotho in its bid to step up economic competitiveness, and puts forward a number of proposals for the strengthening of competitiveness in Lesotho. The chapter explains how the Kingdom of Lesotho is working in conjunction with the International Monetary Fund (IMF), the World Bank, and the European Union towards this end. It is argued that the country must first of all take steps to create a domestic environment conducive to private enterprise and public sector efficiency. This requires economic and political stability, appropriate tax laws and liberalised trading policies. It also calls for strong political commitment on the part of the government to promote productivity in all spheres of economic activity. The chapter concludes by stating that it is imperative for Lesotho to utilise the integration process within the Southern Mrican Customs Union (SACU) as a stepping stone to a greater integration into the world economy.
URI: https://www.um.edu.mt/library/oar//handle/123456789/31035
ISBN: 9990949204
Appears in Collections:Competitiveness strategies for small states

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