Picking Up the Pieces of Zimbabwe's Economy

The Centre for International Governance Innovation Technical Paper No. 5

45 Pages Posted: 19 Oct 2008

See all articles by Nicky Moyo

Nicky Moyo

affiliation not provided to SSRN

Hany Besada

Centre for International Governance Innovation (CIGI)

Date Written: October 18, 2008

Abstract

Zimbabwe's prolonged crisis illustrates the consequences of short-sighted and inappropriate economic policies, as it continues to fail to realize its potential to become a strong, independent state. Triggered in part by the Mugabe government's decision to ignore fiscal constraints, and exacerbated by increased social unrest and ballooning inflation, Zimbabwe's economic performance lags far behind that of neighbouring South Africa or Zambia. Miraculously, Zimbabwe has managed to avoid falling into complete collapse - the result of low but consistent levels of foreign direct investment, official development assistance, and strong Sino-Africa relations. This paper surveys Zimbabwe's economic crisis, and discusses some of the factors impeding the country's downfall. It concludes with recommended areas of focus for economic recovery.

Keywords: Zimbabwe, economy, Africa, Fragile States

JEL Classification: O12, D60, D72, E10, E62, E63, F14, F21, F22, F23, F31, F35, F34, I12, I32

Suggested Citation

Moyo, Nicky and Besada, Hany, Picking Up the Pieces of Zimbabwe's Economy (October 18, 2008). The Centre for International Governance Innovation Technical Paper No. 5 , Available at SSRN: https://ssrn.com/abstract=1286682 or http://dx.doi.org/10.2139/ssrn.1286682

Nicky Moyo

affiliation not provided to SSRN ( email )

Hany Besada (Contact Author)

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

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