Understanding Free Market in Zambia
A new era of free markets and opportunity is taking root in Zambia, on 30th November, 2024 Impact Center for Policy Research successfully held a workshop on the economics of the marketplace at the University of Zambia.
A new era of free markets and opportunity is taking root in Zambia, on 30th November, 2024 Impact Center for Policy Research successfully held a workshop on the economics of the marketplace at the University of Zambia.
This landmark event sparked enthusiasm for free market principles among students, highlighting the transformative power of economic freedom and limited government in shaping a brighter future for Zambia.
About the Impact Center for Policy Research
The Impact Center for Policy Research, a newly established think tank in Zambia, is committed to promoting sustainable development through research and education.
With a mission to drive informed policy reforms that improve the quality of life for all citizens, the center has positioned itself as a catalyst for change in Zambia’s policy landscape.
Program Highlights and Participant Impact
The workshop featured a series of presentations and interactive discussions, focusing on economic freedom, sustainable development, and personal responsibility in fostering societal progress. Thirty economics and law students from the University of Zambia participated, engaging in dynamic conversations on the practical application of these principles in their communities.
A standout moment was the Public Policy Pitch Competition, where Lawrence Nacidze won with The FreePath Initiative: Simplifying Regulatory Frameworks to Empower Youth and MSMEs, a project focused on enhancing economic freedom for young entrepreneurs and small businesses.
Tsepho Mubita, an economics student, shared: “I am delighted to have attended the workshop. I have now come to realize that it’s only when the markets are left to the citizens that SMEs can thrive and help the economy of the country grow.”
Survey Analysis: Measuring the Program’s Impact
Surveys conducted before and after the program revealed significant improvements in participants’ understanding of free markets, individual liberty, and limited government. Participants expressed appreciation for the interactive sessions and group discussions, which helped them develop actionable strategies for applying the lessons learned in their communities.
Looking Ahead
Building on the success of this workshop, the Impact Center plans to expand its initiatives to reach more communities and explore topics that resonate with young leaders in Zambia.
Future plans include monthly op-eds, a radio interview in November, and continued research to inform impactful policy recommendations.
The event was made possible through partnerships with the University of Zambia Mathematics,
Economics and Statistics Association (UNZAMESA), the University of Zambia Agriculture Economics and Extension Association, and the University of Zambia Business and Economics Association.
We call upon the government to recognize the importance of opening markets for all, allowing individuals to engage in business freely.
This will create an environment where entrepreneurship can flourish, leading to a more prosperous Zambia.
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