Relevant bibliographies by topics / Zimbabwe – Economic policy

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Reports

Academic literature on the topic 'Zimbabwe – Economic policy'

Author: Grafiati
Published: 4 June 2021
Last updated: 25 January 2023

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Journal articles on the topic "Zimbabwe – Economic policy"

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Ojakorotu, Victor, and Rumbidzai Kamidza. "Look East Policy: The Case of Zimbabwe–China Political and Economic Relations Since 2000." India Quarterly: A Journal of International Affairs 74, no. 1 (January 24, 2018): 17–41. http://dx.doi.org/10.1177/0974928417749642.

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This article maps the evolution of Zimbabwe’s Look East Policy (LEP) and specifically the bilateral relationship with China through the lens of Zimbabwe’s domestic politics. It argues that political elite in Zimbabwe has a vested interest in a close economic and political relationship with China at the cost of the interests of the people of Zimbabwe. The author establishes that Zimbabwe’s LEP was intended to respond to the economic sanctions imposed on it by Western nations. From the descriptive account of the LEP provided in the article, it appears that the LEP has been successful in doing that by having a broad-based economic and political relationship with China. The author further critiques the impact of Chinese investment in Zimbabwe as detrimental to the interests of the people. Foreign policy is an instrument that governs and protects the interests of governments, nationals, institutions, organisations and entities within the lenses of bilateral relations between the countries concerned. The Zimbabwe–China relations point to the fact that the latter China is politically and economically committed to engage and develop the former. However, at the heart of commitment and development in Zimbabwe lies questions of interests and the nature of the relationship which is affecting development and commitment to take place. Hence, this article argues that the failure of Zimbabwe to yield satisfying results from the bilateral relations lies mostly on the political and economic weaknesses of the Zimbabwean government and leadership. The fact that the LEP is not formally and publicly developed and disseminated to key stakeholders and the general public and that it remains largely an oral secret public policy statement affects the interests of Zimbabwean economy and interested stakeholders. This also reflects a weak foreign policy directive. As long as Zimbabwe continues to deny to engage with other superpowers and global institutions, the LEP will remain doomed as China will continue to manipulate and exploit the relationship knowingly that Zimbabwe has no other friends and partners for development and cooperation.
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Mpofu, Raphael Tabani. "Dollarization and economic development in Zimbabwe: An interrupted time-series analysis." Risk Governance and Control: Financial Markets and Institutions 5, no. 4 (2015): 38–48. http://dx.doi.org/10.22495/rgcv5i4art4.

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This paper examines the impact of dollarization on the performance of the Zimbabwean economy from 2003 to 2014 using an interrupted time-series analysis. In Zimbabwe’s case, dollarization was the official replacement of the Zimbabwean dollar with the U.S. dollar. Rapid dollarization in the economy was accelerated by the exogenous shock caused by the injection of cash dollars into the Zimbabwean economy, mostly from international transfers. Since the official adoption of dollarization, Zimbabwe is largely a cash-based economy, with a huge amount of U.S. dollars that are in circulation outside the banking system. A hands-off approach to currency management has served Zimbabwe well since 2009, but a number of risks are beginning to emerge as the economy has slowly regenerated itself and the need for large capital injections has increased. Macroeconomic data obtained from the World Bank and from the Reserve Bank of Zimbabwe’s Monthly Economic Review is analysed. According to the tests conducted, it was found that dollarization did introduce some macroeconomic stability in Zimbabwe although a few key macroeconomic variables showed a sustained improvement. Statistical analysis shows that increased dollarization had positively affected reversed the spiralling effects of hyperinflation that were prevalent prior to 2009, although inflationary pressures still continued, albeit at a slower pace. This research has implications not just for Zimbabwean policy makers as they grapple with decisions pertaining to re-adoption of a local currency and/or the continuation of the use of the US dollar and/or the adoption of a regional currency, for example, the South African rand. The African Union and specifically, the Southern Africa Development Community should look at these policy issues very closely in order to provide policy direction to its member states.
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Soyapi, Caiphas B. "Zimbabwe’s ‘Look East’ Policy: A Sociolegal Perspective." Southern African Public Law 30, no. 1 (November 23, 2017): 176–92. http://dx.doi.org/10.25159/2522-6800/3539.

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The studies of the relations between China and Zimbabwe, as with other studies of Chinese relations with African states, have focused largely on the socio-economic and political aspects thereof. There has not been a discussion on the socio-legal perspectives of the relationship. The point of departure is that any relations between China and Zimbabwe must be legally sustainable. The socio-economic consequences of the relations are identified and analysed from a legal perspective, which leads to the conclusion that the ‘look East’ policy adopted by the Zimbabwean government as a way to counter sanctions imposed by the West is an intermestic policy. Based on national and international laws or standards of conduct expected of states, the Zimbabwean government’s failure to protect industries, the environment, labour rights and the trade in armaments at critical moments indicates an abdication of its duties.
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Mupunga, Gift. "Monetary Conditions Index and Economic Activity in Dollarized Zimbabwe." International Journal of Business and Economic Sciences Applied Research 15, no. 2 (December 2022): 35–46. http://dx.doi.org/10.25103/ijbesar.152.04.

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Purpose: Zimbabwe has experienced a chronic inflationary crisis whose roots can be traced back to 1997. Various macroeconomic instruments have been suggested to stabilize the country’s prices and foster economic growth but evidence on how they interplay to influence policy is lacking. This study developed a monetary conditions index (MCI) for Zimbabwe during the 10-year dollarization period, 2009 to 2018, and measured its correlation with economic activity. The aim of the MCI is to inform monetary policy making in Zimbabwe. Design/methodology/approach: Using monthly time series data, the MCI series from 2009 to 2018 was calculated using real interest rates and exchange rates. The relationship between the MCI, GDP, inflation, money supply and private sector credit was analysed using the Auto Regressive Distributed Lag (ARDL) model for the long-term relationship and Granger causality for the short term. Findings: Results showed MCI weights of 1:1.54 implying that exchange rates dominate the interest rate in Zimbabwe’s monetary policy. A long run relationship between the MCI and economic variables was statistically significant while short term relationships were established for private sector credit, GDP, and foreign interest rates. Research implications: The study concludes that the MCI is a useful indicator of the central bank’s monetary policy positionfor economic analysts while the central bank can also adopt it for inflation and growth targeting. Originality/value: Unlike previous research which has proffered monetary solutions based on specific variables, this study took into consideration the interplay between interest rates and exchange rates in determining economic activity in Zimbabwe. The constructed MCI captured the interplay between these two key variables and the study established its relationship with economic activity. On this basis, the study recommends the adoption of the MCI in guiding monetary policy in Zimbabwe.
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Chifurira, Retius, Delson Chikobvu, and Dorah Dubihlela. "Rainfall prediction for sustainable economic growth." Environmental Economics 7, no. 4 (December 21, 2016): 120–29. http://dx.doi.org/10.21511/ee.07(4-1).2016.04.

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Agriculture is the backbone of Zimbabwe’s economy with the majority of Zimbabweans being rural people who derive their livelihood from agriculture and other agro-based economic activities. Zimbabwe’s agriculture depends on the erratic rainfall which threatens food, water and energy access, as well as vital livelihood systems which could severely undermine efforts to drive sustainable economic growth. For Zimbabwe, delivering a sustainable economic growth is intrinsically linked to improved climate modelling. Climate research plays a pivotal role in building Zimbabwe’s resilience to climate change and keeping the country on track, as it charts its path towards sustainable economic growth. This paper presents a simple tool to predict summer rainfall using standardized Darwin sea level pressure (SDSLP) anomalies and southern oscillation index (SOI) that are used as part of an early drought warning system. Results show that SDSLP anomalies and SOI for the month of April of the same year, i.e., seven months before onset of summer rainfall (December to February total rainfall) are a simple indicator of amount of summer rainfall in Zimbabwe. The low root mean square error (RMSE) and root mean absolute error (RMAE) values of the proposed model, make SDSLP anomalies for April and SOI for the same month an additional input candidates for regional rainfall prediction schemes. The results of the proposed model will benefit in the prediction of oncoming summer rainfall and will influence policy making in agriculture, environment planning, food redistribution and drought prediction for sustainable economic development. Keywords: sustainable economic growth, standardized Darwin sea level pressure anomalies, southern oscillation index, summer rainfall prediction, Zimbabwe. JEL Classification: Q16, Q25, Q54, Q55, Q58
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JENKINS, CAROLYN. "The Politics of Economic Policy-Making in Zimbabwe." Journal of Modern African Studies 35, no. 4 (December 1997): 575–602. http://dx.doi.org/10.1017/s0022278x97002589.

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There are two remarkable features of post-independence economic policy-making in Zimbabwe: the very limited nature of the changes made by the new government in 1980, and the complete reversal of policy announced in 1990. It was surprising that a more radical transformation had not been introduced soon after independence, since this had been achieved by a civil war prompted not only by the denial of even basic rights to the majority of the population, but also by an extremely inequitable distribution of economic resources. The volte-face in 1990 was also unexpected, because it required a repudiation of governmental rhetoric at a time when the economy was by no means in a state of crisis, even though under stress. This article attempts to understand these policy shifts.
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Magure, Booker. "The State, Labour and the Politics of Social Dialogue in Zimbabwe 1996-2007: Issues Resolved or Matters Arising?" African and Asian Studies 7, no. 1 (2008): 19–48. http://dx.doi.org/10.1163/156921008x279307.

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AbstractDrawing on primary and secondary data, this paper explores the dynamics of the politics involved in the social dialogue process in Zimbabwe; more specifically the utility of the process as a tool to resolve socio-economic problems. The paper further seeks to demonstrate the relationship between failure to reform on the political policy front and economic problems thereby explaining why social dialogue in Zimbabwe fails to yield the intended results. It is the contention of this paper that as long as governance issues are not addressed by the ruling party, the Tripartite Negotiating Forum (TNF) will forever remain a "talk shop" and the Zimbabwean economy will not improve. In light of the "politicking" that characterises the social dialogue process in Zimbabwe, the paper came up with possible recommendations for the strengthening and improving of institutions of social dialogue based on the lessons learned from Zimbabwe.
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Сhigudu, Daniel. "Navigating policy implementation Gaps in Africa: The case of Zimbabwe." Risk Governance and Control: Financial Markets and Institutions 5, no. 3 (2015): 7–14. http://dx.doi.org/10.22495/rgcv5i3art1.

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This study reviews policy issues and the efficacy of policy implementation through a content analysis approach. In Africa and Zimbabwe in particular, policies have invariably been formulated to cater for the populace in the post-colonial era in order to address previous socio-economic imbalances. From 1991 to 2015 several policies have been developed as reflected in the Framework for Economic Reform, Zimbabwe Programme for Economic and Social Transformation (ZIMPREST) and Letters of Intent to the International Monetary Fund through to the current Zimbabwe Agenda for Sustainable SocioEconomic Transformation (Zim-Asset) among other blueprints. Findings indicate that policy problems in Zimbabwe are largely due to implementation failure against well thought out intelligible proposals. The paper reveals that implementation gaps reside in the absence of capacity to translate those intelligible proposals into action, poor sequencing of policies, political inaction to account for the failure and lack of resources. This does not appear to be unique to Zimbabwe alone but prevalent in sub-Saharan Africa and many countries across the continent. Alternatives and recommendations are suggested for this phenomenon.
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Charles Mazhazhate, Tapiwa C Mujakachi, and Shakerod Munuhwa. "Towards Pragmatic Economic Policies: Economic Transformation and Industrialization for Revival of Zimbabwe in the New Dispensation Era." International Journal of Engineering and Management Research 10, no. 5 (October 27, 2020): 75–81. http://dx.doi.org/10.31033/ijemr.10.5.14.

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Whilst literature has many monetary and economic policies that were enacted before and after the dawn of the New Dispensation in Zimbabwe the country still faces a downward trend in terms of economic recovery. This study reviews the various policies put in place by the government and their impact on socio-economic development of Zimbabwe. A review of Zimbabwe’s economic history shows that the country dropped from being one of the best economies in Sub-Saharan Africa and now ailing and characterised by hyperinflation, agricultural challenges, corruption, very high tax regime, huge domestic and foreign debts, increase in consumer prices and being a chief net importer of most goods or services. The study was underpinned by a case study survey from Singapore’s revival with both qualitative and quantitative instruments used. The study found out that even though the land reform had an impact on economic performance, corruption, party-power politics and absence of an economic institute eroded any necessary contribution to economic transformation and industrialization in Zimbabwe. The study also revealed that the bilateral and multi-lateral agreements that were enacted in the dawn of the new dispensation have not yielded the desired economic revival transformations. The study recommended establishment of an economic institute to direct policy as well as removal of unethical practices in both public and private sectors so as to ensure financial and economic discipline.
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Murombo, Tumai. "The Effectiveness of Initiatives to Promote Good Governance, Accountability and Transparency in the Extractives Sector in Zimbabwe." Journal of African Law 60, no. 2 (April 6, 2016): 230–63. http://dx.doi.org/10.1017/s0021855316000061.

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AbstractThe regulation of the extractives sector in Zimbabwe has recently come under scrutiny due to the uncertain social, economic and political environment. Zimbabwe's mining sector was under colonial legislation for a long time and that legislation has recently been reviewed. Existing extractives sector laws do not adequately promote transparency and accountability, an issue recognized by stakeholders throughout the mining sector. The advent of the new constitution and law reform processes indicates Zimbabwe's intention to incorporate good governance, transparency and accountability provisions in the mining sector. State driven reforms have been inspired by global and local civil society initiatives. Analysis shows that, for various reasons, the government does not readily embrace such initiatives, which are important drivers of official policy and legal reforms. Zimbabwean environmental civil society groups have been exceptional in this regard.
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Dissertations / Theses on the topic "Zimbabwe – Economic policy"

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Nyathi, Trezah. "An analysis of the implementation of the Indigenization Economic Empowerment Policy in Zimbabwe." Thesis, University of Fort Hare, 2016. http://hdl.handle.net/10353/2900.

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The anchor of this research was to analyze the implementation process of Zimbabwe’s IEEP. Implementation of policy has been the Achilles heel of most African countries it has been proven that it is a disease of the continents. In this research the focus is on analyzing what happened between the tabled idea and the implemented policy, this is because the implemented policy had a tremendous contradictory impact to the world as it disempowered the investors in an attempt to economically empower its citizens. The tabled idea was great it had its own flows because it lacked clarity in some of its definition and the goals, objectives and how the policy were to be implemented are not clear there is basically lack of clarity pertaining to the policy. This study made use of two theories the Top- down approach and the politics and administration dichotomy, these two theories are in favour of an autocratic way of policy implementation which follows a chain of command. These two theories highlighted that administrators are being covered be politicians and that administration as a practice and discipline are dead. This has lead to policies being made implemented first before they are formulated because there are no administrators. This study reviewed that the implementation process of the IEEP is not clear or rather it does not exist; there is little or no transparency on the events that took place between the tabled idea and the implemented policy.
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Nyawata, Obert I. Magumhise. "Financial liberalization and monetary policy in Zimbabwe." Thesis, University of Surrey, 2001. http://epubs.surrey.ac.uk/893/.

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Dansereau, Suzanne. "State power and economic transformation : the transition to socialism in Zimbabwe." Thesis, McGill University, 1986. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=63813.

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Munyanyi, Rachael Mationesa. "The political economy of food aid: a case of Zimbabwe." Thesis, University of the Western Cape, 2005. http://etd.uwc.ac.za/index.php?module=etd&action=viewtitle&id=gen8Srv25Nme4_8972_1182748616.

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The food security crisis which gripped the sub Sahara Africa after the drought in 1999/2000 threatened development initiatives in these countries. Zimbabwe&rsquo
s situation has since worsened and the country has failed to recuperate from the food problems, even after an improvement in the climatic conditions. International and local food aid activities then became a priority in the fight to sustain the right to food for the affected regions. It is argued in this research that if food aid is distributed on the basis of need it will enable the vulnerable populations recuperate form food insecurity problems. It is also postulated that if well implemented, food aid programmes are also able to play the dual role of averting starvation and leading to long term development. This thesis departs from the allegations of food aid politicisation in Zimbabwe.


Using the rational choice and neopatrimonial theories of individual behaviour, this research endeavored to ascertain whether political decisions influenced the government food aid distributions which were conducted through the Grain Marketing Board. In line with these theories, it is argued in this study that politicians behave in a manner that maximizes the fulfillment of their individual needs rather than the needs of the people who vote them in positions of power.


A qualitative approach was adopted in this study and data was gathered through household interviews in the Seke and Goromonzi districts of the Mashonaland East province in Zimbabwe. Furthermore, interviews were conducted with food aid experts from the governmental and non governmental organisations dealing with food security issues in Zimbabwe.

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Tshuma, Edward. "Management perceptions regarding privatisation of parastatals in Zimbabwe." Thesis, Nelson Mandela Metropolitan University, 2012. http://hdl.handle.net/10948/d1020923.

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In recent years the ownership of public organisations has been transferred from government to the private sector through privatisation owing to the poor performance of parastatals. In Zimbabwe, the privatisation of parastatals has been criticised as a result of the approach which has been adopted to privatise them, the transparency and the paceof the privatisation, the factors pushing for privatisation at the expense of local demand as well as the lack of an institutional framework for privatisation. The main objective of this study was to explore management perceptions regarding the privatisation of parastatals in Zimbabwe. This study is based on a combination of theories of privatisation and preceding results of studies looking at privatisation of parastatals in developing and developed countries. The secondary sources were the backbone in the formulation of a theoretical model on the management perceptions of privatisation which was used to guide this study. The extensive literature which was analysed revealed that independent factors such as stakeholder consultation, business conditions, government considerations, institutional framework and management of the privatisation process could influence management perceptions regarding privatisation. Perceptions of privatisation were identified as influencing two dependent variables, economic benefits and organisational performance. The variables of the study were operationalised and the hypotheses which identified relationships between the independent variables and perceptions of privatisation were formulated. Hypotheses in respect of perceptions of privatisation and the dependent variables were also formulated. In this study, a quantitative research approach was adopted as the study sought to investigate the relationships between variables. This study collected data through the use of a structured self-administered survey questionnaire which was distributed to 700 managers of parastatals in Zimbabwe. The parastatals which were used in this study were selected using the simple random sampling method whilst convenience sampling technique was used to select the managers. The survey yielded 301 usable questionnaires which were analysed using several statistical analysis techniques. The major findings of this study show that managers, employees and customers participate during privatisation and that privatisation in Zimbabwe is guided by a formal action plan. The study also showed that parastatals in Zimbabwe operate under stable macroeconomic conditions and that information regarding the bidding process is accessible to all parties. However, the results also showed that, in Zimbabwe privatisation is poorly implemented as a result of lack of structural capacity to enhance privatisation, lack of an autonomous institution to manage and lead the privatisation process. The results also show that privatisation in Zimbabwe lacks credibility as the valuation of organisations and assets is poorly done resulting in organisations being acquired at rates which are below market value. In addition, the results indicate that privatisation has failed to improve organisational performance and to change the management style from being reactive to being proactive. The study also found that privatisation brings about economic benefits such as effective governance and economic empowerment. The study recommends that government should ensure that managers, employees and customers participate in the privatisation process and that privatisation is implemented in a transparent manner so as to have a credible programme and achieve the intended objectives. The study also recommends that government should engage people and institutions which have the capacity to efficiently value the organisations and assets identified for privatisation. In addition, the study recommends that the government should appoint board members who possess the requisite skills and competencies, encourage partnerships between local and foreign investors so as to produce quality products and services as well as economic growth. This study has contributed to the existing body of knowledge by developing a theoretical model which can be utilised in other developing countries to test perceptions regarding the privatisation of parastatals. This study could assist the government, parastatals and other stakeholders by providing feedback regarding the privatisation of parastatals in Zimbabwe, so that remedial action can be implemented where deviations are recorded. The findings of this study could also assist the government of Zimbabwe and also other governments, by providing guidelines which can be adopted to implement a successful privatisation programme. This study provides useful and very practical guidelines to parastatals so as to ensure successful privatisation.
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Groves, Ryan Dale. "Fast-track land reform and the decline of Zimbabwe's political and economic stability." Orlando, Fla. : University of Central Florida, 2009. http://purl.fcla.edu/fcla/etd/CFE0002801.

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Kavila, William. "A dynamic analysis of the influence of monetary policy on the general price level in Zimbabwe under periods of hyperinflation and dollarisation." Thesis, Nelson Mandela Metropolitan University, 2015. http://hdl.handle.net/10948/3889.

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This thesis analyses the influence of monetary policy on the general price level in Zimbabwe during periods of hyperinflation and dollarisation. The first part of the analysis covers the period January 2006 to July 2008 when the country experienced high inflation and ultimately hyperinflation. The second part covers the period 2009 to 2012, when the country adopted the multi-currency system and became fully dollarised. In terms of motivation, the study firstly sought to empirically examine the factors that led to hyperinflation in Zimbabwe, paying particular attention to the influence of monetary policy. Secondly, the thesis sought to determine the major factors that influenced price formation in a dollarised Zimbabwean economy; a completely new macro-economic environment. A significant development in this new macro-economic environment was the loss of monetary policy autonomy of the central bank, which also contributed to the relevance of the study. This thesis makes two contributions. The first contribution is the finding that hyperinflation in Zimbabwe was caused by expansionary monetary policy as a result of the activities of an unrestrained and unaccountable central bank. The second contribution was the empirical finding that in the fully dollarised economy inflation is largely determined by external factors. This implies that the domestic economy has no control over domestic inflation developments and as such, Zimbabwean authorities should formulate appropriate economic policies to respond to the impact of external shocks on domestic price formation when the need arises. The role of monetary policy in Zimbabwe’s hyperinflation episode is assessed using the Autoregressive Distributed Lag (ARDL) and the Error Correction Model (ECM) approaches with monthly data from January 2006 to July 2008. The impact of monetary policy on hyperinflation is captured by the coefficient of broad money supply and the interest rate. Results indicate that hyperinflation was caused by expansionary monetary policy, the exchange rate premium and inflation expectations for both the short and long term. Zimbabwe’s hyperinflation episode which peaked during the period 2007 to 2008 brings to the fore the importance of ensuring that the central bank is independent in executing its mandate of influencing the monetary policy process in a manner that ensures price stability. The ARDL and ECM approaches are also used to explore the dynamics of inflation in the dollarised Zimbabwean economy, with monthly data from January 2009 to December 2012. The main drivers of inflation under the multi-currency system were found to be the United States of America dollar/South African rand exchange rate, international oil prices, inflation expectations and the South African inflation rate. The findings contrast with the hyperinflationary era, where empirical studies have cited excessive money supply growth as the major driver of inflation dynamics in Zimbabwe. The results also suggest a higher exchange rate pass-through to domestic prices, consistent with empirical literature which postulates that inflation in dollarised economies is largely explained by movements in the exchange rate of major trading partners and international prices. The policy implication from the analysis is the need for policy makers to aggressively promote policies that ensure increased productivity of the economy. An improvement in productivity would influence the relative prices of tradable and non-tradable goods and ultimately the general price level in the economy. The study also quantified the independence of the Reserve Bank of Zimbabwe (RBZ) using the Mathew (2006), “new index for institutional quality” and the results showed that the RBZ is not an independent central bank. The central bank is found to have a low index of central bank independence (CBI), against a high level of inflation. While this relationship does not imply causality it can be inferred that the lack of independence of the RBZ could have influenced inflation dynamics in Zimbabwe. Only a subordinated central bank can be compelled to engage in inflationary deficit financing and also fund quasi-fiscal activities. The provisions of the RBZ Act [Chapter 22:15] in their current form make the central bank an appendage of the Ministry of Finance and Economic Development and this has, to a large extent, resulted in conflict between the political goals of government and the central bank’s primary objective of achieving price stability. In the event that Zimbabwe reintroduces its own currency in future, the achievement of the primary goal of price stability by the central bank will only be realised if the apex bank is given more autonomy.
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Goodhope, Ruswa. "A study on the impact of governance on land reform in Zimbabwe." Thesis, University of the Western Cape, 2004. http://etd.uwc.ac.za/index.php?module=etd&action=viewtitle&id=gen8Srv25Nme4_6187_1183989303.

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Land ownership, control and reform have been some of the most contentious issues in contemporary Zimbabwe. The land question has generated a lot of emotional debate and there is a general consensus that it represents a critical dimension to the crisis the country is going through. This thesis intended to offer some insights into the modus operandi and outcomes of land reform in the country.

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Mashakada, Tapiwa Leonard Jaison. "Macroeconomic consequences of fiscal deficits in developing countries : a comparative study of Zimbabwe and selected African countries (1980-2008)." Thesis, Stellenbosch : Stellenbosch University, 2013. http://hdl.handle.net/10019.1/80331.

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Thesis (PhD)--Stellenbosch University, 2013.
Fiscal deficits, which are the end result of fiscal indiscipline and lack of fiscal space, have been the focus of fiscal and macroeconomic adjustment in developed and developing countries. Developments in the euro zone between 2007 and 2011, have reminded policy makers about the macro-economic dangers posed by government debt. The nasty experiences of Portugal, Italy, Greece and Spain forced policy makers in Europe to introduce painful austerity measures. Up to this day, the eurozone debt crisis threatens the survival of the European Union. Although most African countries were not directly affected by the contagion of the euro zone debt crisis, they too had their own structural problems of unsustainable fiscal deficits and bad governance which caused macroeconomic imbalances. This study examines the macroeconomic effects of fiscal deficits and the contribution of bad governance to macroeconomic instability in Zimbabwe. In chapter one the problem and methodology of the study are introduced. The key questions are basically whether deficits are harmful or neutral? Linked to this is of course, the political economy of these deficits, especially the method of financing them and how this affects the macro-economic equilibrium. In order to investigate these issues, this study uses a qualitative and comparative methodology which juxtaposes Zimbabwe’s experiences with those of other developing countries, namely Ghana, Morocco, Zambia and Botswana. These countries are chosen as they collectively depict both cases of good fiscal management (Botswana and Morocco) on the one hand, and bad fiscal management (Ghana and Zambia), on the other. This methodology adequately captures political economy issues which are not capable of being estimated without running the risk of lack of validity and spurious inferences given the softness of data under hyperinflationary conditions that occurred in Zimbabwe prior to 2009. In chapter two the study examines various theoretical propositions on the relationship between the fiscal deficit and selected macroeconomic variables. The traditional theory postulates that the fiscal deficit has a negative impact on macroeconomic performance whereas the Ricardian Equivalence Theorem posits that the impact of the deficit is neutral. Keynesians argue that deficits arising from public expenditure on investment as opposed to consumption actually crowd-in rather than crowd out private sector investment. In theory, there is a close connection between a monetized deficit and inflation. A positive theoretical relationship is also found between the twin deficits (that is, the trade and fiscal deficits). However, the relationship between the budget deficit, interest rates and exchange rate is ambiguous. In chapter three we find that the majority of empirical studies support the view that budget deficits are generally inflationary when they are financed by printing money. A causal link is also found between the budget deficit and trade deficit. However, empirical evidence on the relationship between the deficit, exchange rate and interest rates is largely ambiguous. The comparative politico-economic and fiscal experiences of Ghana, Zambia, Morocco and Botswana in chapter four are used to provide the trajectory for the Zimbabwean case study in chapter 5. The review of the experiences of Ghana and Zambia showed that fiscal indiscipline resulted in high fiscal deficits which led to the deterioration of macroeconomic performance whereas in Morocco and Botswana, fiscal discipline resulted in low fiscal deficits and improved macro-economic performance. But central to the politico-economic performance of these countries, was the issue of bad governance and how this worsened the impact of fiscal deficits. In chapter five the experiences of Zimbabwe confirm the view that fiscal deficits are harmful to the economy. Many years of fiscal indiscipline and bad governance, led to macro-economic instability that resulted in record hyperinflation levels in 2008. Finally, the study concludes that, cumulative fiscal deficits in Zimbabwe since 1980, precipitated macroeconomic instability and fiscal unsustainability. Prolonged fiscal and quasi-fiscal deficits, which were largely financed by printing money, triggered hyperinflation and macroeconomic disequilibria. The lack of fiscal probity and the profligacy of the state, corruption, macroeconomic mismanagement and dirigistic policies, all rolled into one, caused the unprecedented economic meltdown and eventual economic collapse in Zimbabwe. The study finds that fiscal indiscipline in Zimbabwe, other than causing macroeconomic instability, also contributed to an unprecedented humanitarian crisis, never witnessed in a country not waging a war. Going forward, the study recommends a battery of policy measures in the area of institutional, fiscal and macro-economic adjustment in order to control and manage the deficit in Zimbabwe.
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Sarimana, Ashley. "A precarious balance: consequences of Zimbabwe's fast-track land reform." Thesis, Rhodes University, 2006. http://hdl.handle.net/10962/d1006198.

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This thesis is a detailed account of Zimbabwe's controversial fast-track land reform programme. Zimbabwe's land reform history has been discussed extensively, with a focus on land redistribution. The fast-track land reform programme transferred eleven million hectares of land from 4 000 white commercial farmers to 51 543 landless peasant families. The thesis begins by offering some land reform theories and gives an overview of the land question in Southern Africa. This is followed by a discussion of Zimbabwe's land question from a historical perspective. Next is a periodised account of the successes and failures of land reform attempts made by the Zimbabwean government from independence in 1980 to 1998 when the fast-track land reform programme was conceived. Zimbabwe's political and economic situation at this time is significant. The context for fast-track land reform includes a discussion about the national question in Zimbabwe and the deteriorating status of white citizenship; the rise of Zimbabwe's liberation war veterans as a formidable force and the formation of the Movement for Democratic Change as a strong political party that was challenging, among others, the dominance of the ruling Zanu-PF party and its policies. The blueprint for fast-track land reform is discussed in order to contrast it to how the reform unfolded in practice. In this regard, the response of the international community to the violence and lawlessness that characterised fast-track land reform is worth mentioning, especially since it has bearing on how Zimbabweans are trying to cope with life in a radically altered physical and social environment, following the land reform exercise. The consequences of fast-track land reform are analysed in terms of development and the plight of Zimbabwe's farm workers; the internal displacement of hundreds of thousands of farm workers, white commercial farmers and others in Zimbabwe's countryside and whether or not fast-track land reform beneficiaries can successfully engage in agriculture to improve their standard of living. The Vumba and Burma Valley case study is illustrative of how fasttrack land reform was implemented and its socio-economic impact on Zimbabwe's poor and marginalised groups, for instance, female farm workers. The case study offers valuable insights about the survival strategies that ordinary people affected by the land reform exercise are adopting in order to cope with their new circumstances. Data was gathered from a focus group discussion (pilot study), in-depth semi-structured interviews and observation on three farms, as well as interviews with a few government officials, government documents and newspaper reports. The study is useful to countries that are planning or already implementing land reform, for example, South Africa.
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Books on the topic "Zimbabwe – Economic policy"

1

Lee, Robert Alexander. Structural adjustment in Zimbabwe. Harare, Zimbabwe: F.K. Chung, 2000.

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Pochon, Jean-François. Zimbabwe, une économie assiégée. Paris: L'Harmattan, 1995.

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Dzimbadzemabwe. Zimbabwe medium term plan, 2011-2015. Harare]: Ministry of Economic Planning & Investment Promotion, 2011.

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Clever, Mumbengegwi, ed. Macroeconomic and structural adjustment policies in Zimbabwe. Houndmills, Basingstoke, Hampshire: Palgrave, 2002.

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Zimbabwe: The political economy of transformation. Toronto: University of Toronto Press, 2000.

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United Nations. Zimbabwe Country Team, ed. Zimbabwe 2012: Millennium development goals progress report. Harare, Zimbabwe: Ministry of Economic Planning and Investment Promotion, 2013.

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Raftopoulos, Brian. The politics of indigenization in Zimbabwe. Harare: Institute of Development Studies, University of Zimbabwe, 1994.

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Zimbabwe. Zimbabwe, a framework for economic reform (1991-1995). [Harare?: s.n., 1991.

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Shapouri, Shahla. Economic performance and policy adjustment: The experience of Zimbabwe. Washington, DC: U.S. Dept. of Agriculture, Economic Research Service, Agriculture and Trade Analysis Division, 1991.

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Shapouri, Shahla. Economic performance and policy adjustment: The experience of Zimbabwe. Washington, DC: U.S. Dept. of Agriculture, Economic Research Service, Agriculture and Trade Analysis Division, 1991.

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Book chapters on the topic "Zimbabwe – Economic policy"

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Robertson, John. "A Macroeconomic Policy Framework for Economic Stabilization in Zimbabwe." In Zimbabwe, 83–105. New York: Palgrave Macmillan US, 2011. http://dx.doi.org/10.1057/9780230116436_5.

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Skålnes, Tor. "Political Institutions, Organised Groups and Economic Policy." In The Politics of Economic Reform in Zimbabwe, 12–34. London: Palgrave Macmillan UK, 1995. http://dx.doi.org/10.1007/978-1-349-13766-4_2.

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Jansen, Doris J., and Andrew Rukovo. "Agriculture and the Policy Environment — Political Dreams and Policy Nightmares: Zambia and Zimbabwe." In Economic Reform, Trade and Agricultural Development, 91–109. London: Palgrave Macmillan UK, 1993. http://dx.doi.org/10.1007/978-1-349-23103-4_4.

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Sato, Chizuko. "Land Tenure Reform in Three Former Settler Colonies in Southern Africa." In African Land Reform Under Economic Liberalisation, 87–110. Singapore: Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-16-4725-3_5.

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AbstractThis study explores the challenges of land tenure reform for three former settler colonies in southern Africa–Zimbabwe, Namibia, and South Africa. While land redistribution programmes have been the primary focus of land reform for these countries since independence, land tenure reform for the inhabitants of communal areas is an equally important and complex policy challenge. Before independence, the administration of these areas was more or less in the hands of traditional leaders, whose roles were sanctioned by the colonial and apartheid authorities. Therefore, one of the primary concerns with respect to reforming land tenure systems in communal areas is related to the power and authority of traditional leaders in the post-independence period. This study highlights striking similarities in the nations’ land tenure reform policies. All of them gave statutory recognition to traditional leaders and strengthened their roles in rural land administration. In understanding this ‘resurgence’ or tenacity of traditional leadership, the symbiotic relationship between the ruling parties and traditional leaders cannot be ignored and should be problematised. Nonetheless, this chapter also argues that this obsession with traditional leadership may result in the neglect of other important issues related to land tenure reform in communal areas, such as the role of customary land tenureas social security.
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Chiawo, David O., and Verrah A. Otiende. "Climate-Induced Food Crisis in Africa: Integrating Policy and Adaptation." In African Handbook of Climate Change Adaptation, 1789–809. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-45106-6_75.

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AbstractClimate change threatens development and economic growth in Africa. It increases risks for individuals and governments with unprecedented negative impacts on agriculture. Specifically, climate change presents a major threat to food security in Africa for the long term due to the low adaptive capacity to deal with successive climate shocks. There is a need for greater awareness of the trends of food crisis patterns and adaptive initiatives. The objective of this chapter was to analyze the trends of the food crisis in Africa within the past 10 years and adaptive initiatives. Quantitative data analyzed for food security indicators were obtained from the United Nations Food and Agriculture Organization (FAO) and World Development Indicators (WDI) available at the Environment and Climate Change data portal. Policy and adaptation measures related to climate change were reviewed in 26 countries in Africa, with the view to highlight their integrative nature in enhancing food security. High prevalence of undernourishment was observed in six countries, all in sub-Saharan Africa (SSA) including Chad, Liberia, Central African Republic, The Democratic Republic of the Congo, Zambia, and Zimbabwe. Countries with a high land acreage under cereal production recorded reduced undernourishment. Niger demonstrated effective adaptation for food security by registering the highest crop production index in extreme climate variability. However, Kenya appears to be the most predisposed by registering both high climate variability and below average crop production index. It is observed that diversification and technology adoption are key strategies applied across the countries for adaptation. However, the uptake of technology by smallholder farmers is still low across many countries in SSA.
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Chiawo, David O., and Verrah A. Otiende. "Climate-Induced Food Crisis in Africa: Integrating Policy and Adaptation." In African Handbook of Climate Change Adaptation, 1–21. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-42091-8_75-1.

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AbstractClimate change threatens development and economic growth in Africa. It increases risks for individuals and governments with unprecedented negative impacts on agriculture. Specifically, climate change presents a major threat to food security in Africa for the long term due to the low adaptive capacity to deal with successive climate shocks. There is a need for greater awareness of the trends of food crisis patterns and adaptive initiatives. The objective of this chapter was to analyze the trends of the food crisis in Africa within the past 10 years and adaptive initiatives. Quantitative data analyzed for food security indicators were obtained from the United Nations Food and Agriculture Organization (FAO) and World Development Indicators (WDI) available at the Environment and Climate Change data portal. Policy and adaptation measures related to climate change were reviewed in 26 countries in Africa, with the view to highlight their integrative nature in enhancing food security. High prevalence of undernourishment was observed in six countries, all in sub-Saharan Africa (SSA) including Chad, Liberia, Central African Republic, The Democratic Republic of the Congo, Zambia, and Zimbabwe. Countries with a high land acreage under cereal production recorded reduced undernourishment. Niger demonstrated effective adaptation for food security by registering the highest crop production index in extreme climate variability. However, Kenya appears to be the most predisposed by registering both high climate variability and below average crop production index. It is observed that diversification and technology adoption are key strategies applied across the countries for adaptation. However, the uptake of technology by smallholder farmers is still low across many countries in SSA.
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Thompson, John, Jurgen Hagmann, Edward Chuma, Kudakwashe Murwira, Kamal Kar, and Sue Phillips. "3. Participatory social assessment in an economy in transition: strengthening capacity and influencing policy in Estonia; Scaling-up of participatory approaches through institutionalization in Government Services: the case of agricultural extension in Masvingo Province, Zimbabwe; Scaling-up or scaling-down? The experience of institutionalizing PRA in the slum-improvement projects in India." In Who Changes, 40–64. Rugby, Warwickshire, United Kingdom: Practical Action Publishing, 1998. http://dx.doi.org/10.3362/9781780446417.003.

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Ellyne, Mark J., and Michael R. Daly. "Zimbabwe Monetary Policy, 1998–2012." In Economic Management in a Hyperinflationary Environment, 249–89. Oxford University Press, 2016. http://dx.doi.org/10.1093/acprof:oso/9780198747505.003.0011.

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Shumba, Jabusile M., and Mohammed Jahed. "Fiscal Space Challenges, Policy Options & Zimbabwe’s Economic Recovery." In Zimbabwe: Mired in Transition, 155–73. Weaver Press, 2014. http://dx.doi.org/10.2307/j.ctvk3gm41.11.

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Davies, Rob, and Jørn Rattsø. "Zimbabwe: Economic Adjustment, Income Distribution and Trade Liberalization*." In External Liberalization, Economic Performance and Social Policy, 365–86. Oxford University Press, 2001. http://dx.doi.org/10.1093/acprof:oso/9780195145465.003.0011.

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Reports on the topic "Zimbabwe – Economic policy"

1

Mutyasira, Vine. A Multi-Phase Assessment of the Effects of COVID-19 on Food Systems and Rural Livelihoods in Zimbabwe. Institute of Development Studies (IDS), November 2021. http://dx.doi.org/10.19088/apra.2021.034.

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The COVID-19 pandemic has continued to affect agri-food systems around the world and lay bare its fragility, worsening the welfare of millions of smallholder farmers whose livelihoods are anchored on agricultural activities. For the vast majority of sub-Saharan Africa, COVID-19 has coincided with a number of other macroeconomic shocks, which have also exacerbated the impacts of the pandemic on food security, nutrition and general livelihoods, as well curtailed policy responses and mitigation strategies. In Zimbabwe, the COVID-19 pandemic struck at a time the country was experiencing a worsening economic and humanitarian situation. This study focused more on community and household dynamics and response measures to cope with the pandemic. This paper presents a summary of findings emerging from a series of rapid assessment studies undertaken by the Agricultural Policy Research in Africa (APRA) Programme in Mvurwi and Concession areas of Mazowe District in Zimbabwe to examine how COVID-19 is affecting food systems and rural livelihoods in our research communities.
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Hodey, Louis, and Fred Dzanku. A Multi-Phase Assessment of the Effects of COVID-19 on Food Systems and Rural Livelihoods in Ghana. Institute of Development Studies (IDS), December 2021. http://dx.doi.org/10.19088/apra.2021.041.

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The COVID-19 crisis has disrupted food systems in Ghana since its emergence in the country in March 2020. According to the United Nations World Food Programme, the socio-economic impact of the pandemic caused by the imposition of restrictions on social and commercial activities appears to be more devastating than the actual virus in many countries. This study is part of the Agricultural Policy Research in Africa programme’s assessment of the impact of the COVID-19 crisis on food systems and livelihoods in Ghana and seven other African countries – Ethiopia, Kenya, Malawi, Nigeria, Tanzania, Zambia and Zimbabwe. Conducted between June–July 2020 and February–March 2021, the study seeks to estimate the potential impact of COVID-19 on food systems and livelihoods in south-western Ghana.
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