An Analysis of Political Regimes Model on Economic Development in Uganda: 1963-2013

Abstract:

The consistent shift in Uganda governance structure over the years, since independence, encouraged the leadership in power to influence political instability and promote socio-economic decay in the country. The economic and social decay was largely was associated with unstable governance and lack of proper leadership. This analysis points out the reasons for absence of commitment by leaders to democratic practices and constitutional rule which may enhance economic growth. The emergence of United States as a global monitor and the Bretton Woods Institutions [International Monetary Fund (IMF) and World Bank (WB)] should be at the forefront to ensure the unstable economies are monitored to avoid spillover effect. The Bretton Woods Institutions attempted to stabilize Uganda economy through introduction of structural adjustment program to the country in the early 1980s to the re-enforce it in the 1986-1990s when President Yoweri Kaguta Museveni got into power. The inconsistent previous regimes leadership in power led to various leadership taking advantage of the economy, which impacts negatively on infrastructure, financial sector, trade, and other sectors. Uganda regime has focused more on security of its country in comparison with other sectors. The state therefore has the responsibility of ensuring everything concerning it to operate effectively within its territory. The Thesis therefore assesses the various existing macro-economic measures used globally to measure economy stability; analyzed the link between different regimes in Uganda and their activities and their impact on economic stability, and as well determined the best method of leadership to boost economic stability in different contexts. This was achieved through a case study approach of Uganda‟s stable economy and its impact on citizen‟s wellbeing. This was ensured through the use of qualitative research approach. The analysis was executed using content analysis of the cases study macro-economic factors in the country.