Madagascar’s socialist charter
Madagascar’s leader from 1975. His socialist charter and Second Republic promoted nationalization, planned investment and economic decolonization. Debt and weak production led to market-oriented adjustments in the 1980s amid political opposition.
Related historical events
State and economic-policy context
Madagascar’s leader from 1975. His socialist charter and Second Republic promoted nationalization, planned investment and economic decolonization. Debt and weak production led to market-oriented adjustments in the 1980s amid political opposition.
The state acquired stakes in major financial, transport, trading and manufacturing firms, while private businesses faced price and profit-transfer controls. Increased investment in 1978–1980 raised debt without the expected production gains, followed by adjustment in the 1980s.