UGANDA UNDER REGULATION: HOW WELL DID THE ECONOMY FARE?

The study evaluates the performance of the Ugandan economy under the policy of economic regulation that lasted from 1962 to 1986. It measures the level of economic growth in the country through the growth rates in real Gross Domestic Product (Real GDP) and real Gross Domestic Product per capita (Real GDP per capita). The analyses are quantitative and graphical. The findings show that there was a marginal improvement in the level of economic growth in Uganda across the period of research (1962-1986), but that the performance of the economy was constrained by the very high rate of inflation (which crossed the 200% per annum mark) and the political crises which persisted during a substantial part of the research period. To ensure an improvement in the level of economic growth in Uganda, the study recommends a reduction in the economy's liquidity so as to control inflation, control of the country's population growth rate which would improve its GDP per capita, and the maintenance of political stability to avoid a relapse to political crises which constrain growth.