In an interview with the Chinese television giant, CCTV, in July 2015, the Vice-President of Zimbabwe and possible successor to the long-ruling Robert Mugabe, Emmerson Mnangagwa, admitted that the politicians had failed to do what has been necessary for Zimbabwe’s economy to be a prosperous one. The country once known as Africa’s bread basket experienced a period of great turmoil in the beginning of the new century, escalating in 2008 and 2009 with an election characterized by violence, a cholera outbreak and hyperinflation, which led to the collapse of the Zimbabwean dollar. A unity government was established, and in the coming few years Zimbabwe’s inflation stabilised and the country presented impressing growth rates. In July 2015, observers can look back at another period of political turbulence, since the unity government was split after the general elections in 2013, where ZANU-PF won two of three seats in the parliament. The growth rates have immediately dropped. Zimbabwe is being criticised of having a hostile investment climate and radical change in politics are needed in order to attract capital from foreign investors. This report addresses some of the issues and factors, which are obstacles in order for Zimbabwe to create a positive development for its economy. The conclusion is that the political elite, the lack of strong institutions and a media only partly free to express and publish opinions are matters that need urgent attention.
|Uddannelser||Internationale Studier, (Bachelor/kandidatuddannelse) Bachelor el. kandidat|
|Udgivelsesdato||20 aug. 2015|
- Economic development