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Zimbabwe Challenges And Policy Options After Hyperinflation
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Book Synopsis Hyperinflation in Zimbabwe by : Tara McIndoe-Calder
Download or read book Hyperinflation in Zimbabwe written by Tara McIndoe-Calder and published by Springer Nature. This book was released on 2019-11-16 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the hyperinflation in Zimbabwe in the 2000s. The authors present a full description of the Zimbabwean hyperinflation in its relevant economic, historical and political context. They address parallels with other hyperinflations, discuss the economics of hyperinflation in general and of the Zimbabwean hyperinflation in particular, and provide a money demand estimation using a new dataset. The study concludes with several policy lessons. This book will be of interest to researchers in both social sciences and the humanities, as well as practitioners and policy-makers in development economics, and those in the banking industry.
Book Synopsis Alternative Monetary Regimes by : Colin Dearborn Campbell
Download or read book Alternative Monetary Regimes written by Colin Dearborn Campbell and published by . This book was released on 1986 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Zimbabwe:The End of the First Republic by : Jacob W. Chikuhwa
Download or read book Zimbabwe:The End of the First Republic written by Jacob W. Chikuhwa and published by AuthorHouse. This book was released on 2013-10-03 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dr Jacob Chikuhwa continues with his academic analysis of both the political and economic developments in Zimbabwe. Supported by well researched historical narrative and economic data, Zimbabwe: The End of the First Republic examines the triumphs and tribulations of the Zimbabwean national project leading to the adoption of a home-grown constitution and the July 31, 2013 elections. Although the war of liberation led to Zimbabwes independence in 1980, it has not established democracy, functioning health and education systems and equal opportunities for Zimbabweans. What Zimbabweans experience is decay of infrastructure with very little in the state coffers despite abundant natural resources. The theme on economic performance focuses on numerous failed economic blueprints that began with the Economic Structural Adjustment Programme during the early 1990s. The haphazard land-reform programme and the exploitation of mineral resources take centre stage. While Zimbabwe is poised to supply 25% of world diamond output, the way tenders are being awarded for the diamond mining has highlighted the need for accountability and transparency. Before the coalition government was formed in 2009, the country had gone from being one of Africas strongest economies to one of its weakest as Zimbabweans grappled with hyperinflation, mass unemployment and widespread poverty. Although the Short Term Emergency Recovery Programme brought some semblance of economic stability, the way indigenisation and economic empowerment are being carried out make investors shun the southern African country. Chikuhwas economic study focuses on how corruption and a lack of transparency and accountability in Zimbabwes governance have intensified social problems, crime and poverty, and have alienated the IMF and World Bank as well as potential foreign investors. This study, rich in statistical data and heartfelt commentary, will serve as a useful introduction for those studying Zimbabwes recent history and economic development and entrepreneurs looking for investment opportunities.
Book Synopsis Zimbabwe: Mired in Transition by : Masunungure, Eldred V.
Download or read book Zimbabwe: Mired in Transition written by Masunungure, Eldred V. and published by Weaver Press. This book was released on 2014-04-03 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Three years after the advent of Zimbabwe's Inclusive Government in February 2009, the country still awaits the elections that people hope will lead to a more enduring political settlement. Zimbabwe: Mired in Transition reviews the experience of recent years assesses the progress that has been made. What is the public mood, and how has it changed? What steps have been taken to reform the media? How important is a new constitution. Although the economy has stabilised to some extent with the adoption of a multi-currency regime, industrial and agricultural production are depressed, and investment inflows are limited; what spaces exist for fiscal reform? Are local authority structures and the state bureaucracy equipped to handle the tasks that will ne asked of them? In terms of two important areas, the book extends its analysis further back than 2009. First, is the issue of emigration. Estimates of the number of Zimbabweans in the diaspora range from three to four million; what impact us this having on national development, and to what extent might the trend of migration be reversed? The second concerns young people, the chapter on which concludes: 'We already have a "lost generation" - those who were once called the "born frees". Unless positive changes are made, we will still have another'. This collection of eleven essays examines in detail some of the pressing questions which Zimbabweans must ask as they chart a way forward.
Book Synopsis Trade in Zimbabwe by : Richard Newfarmer
Download or read book Trade in Zimbabwe written by Richard Newfarmer and published by World Bank Publications. This book was released on 2015-05-26 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Zimbabwe, trade has been a driver of economic growth, rising incomes, and progressive empowerment of Zimbabweans through rising standards of living and the promise of better jobs. Since 1980, through good years and bad years, increases in exports have been positively associated with increases in national income. Zimbabwe's location and resource base, together with a low-cost but relatively well educated labor force, have endowed it with a naturally high trade ratio built on a diversified base that facilitates using trade as an engine of growth. While trade volumes have rebounded smartly from the deep recession of 2007-2008, these do not offset other worrisome longer-term trends: • Export growth during the last decade has been lacklustre and failed to drive high growth. • Agricultural exports, other than tobacco, have lost their once dominant role in the region, and are no longer a source of diversification. • Manufacturing has withered in a continuing secular decline. • Zimbabwe’s export basket has become less diversified and more dependent on a narrow range of mineral and, to a lesser extent, agricultural products. In short, exports have become less diversified, less-technologically sophisticated, and less labor-intensive - and ever more dependent on a few large mining activities to provide foreign exchange and employment. This report traces the roots of this poor performance to several policy issues: poor predictability of macroeconomic policy and economic governance has created an unfavorable climate for private investment and trade; a tariff structure that dampens export profitability; industrial policies - indigenization policy in particular - that undermine investor confidence and inhibits private investment; and finally, competition-limiting policies toward services that limit connectivity of Zimbabweans and raise trade costs. The good news arising from the study is that the remedies for these policy shortcomings lie in Zimbabwean hands. If the government were to adopt reforms that reconfigure economy-wide incentives and trade and industrial policies, it could promote sustained growth, economic diversification and empowerment of poor people.
Book Synopsis Zimbabwes Lost Decade by : Lloyd Sachikonye
Download or read book Zimbabwes Lost Decade written by Lloyd Sachikonye and published by African Books Collective. This book was released on 2012-04-24 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zimbabwe occupies a special place in African politics and international relations, and has been the subject of intense debates over the years. At independence in 1980, the country was better endowed than most in Africa, and seemed poised for economic development and political pluralism. The population was relatively well educated, the industrial and agricultural bases were strong, and levels of infrastructure were impressive. However, in less than two decades, Zimbabwe was mired in a deep political and economic crisis. Towards the end of its third decade of independence, the economy had collapsed and the country had been transformed into a repressive state. How can we make sense of this decline? How can we explain the lost decade that followed? Can the explanation be reduced to the authoritarian leadership of Robert Mugabe and role of ZANU-PF? Or was something defective about in the institutions through which the state has exercised its authority? Or was it the result of imperialism, the West and sanctions? Zimbabwes Lost Decade draws on Lloyd Sachikonyes analyses of political developments over the past 25 years. It offers a critique of leadership, systems of governance, and economic strategies, and argues for democratic values and practices, and more broad-based participation in the development process.
Book Synopsis Chad by : International Monetary Fund. African Dept.
Download or read book Chad written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-09-09 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the effect of an IMF Staff-Monitored Program for Chad to enhance economic development. Weak institutional capacity and governance concerns have limited economic development and donor support in Chad. It is highlighted that the reduction in the nonoil primary deficit envisaged in the 2013 budget appears appropriate, but expenditures linked to the regional security situation and lower than anticipated oil revenues imply large financing needs. There are significant economic and political risks to program implementation,; the regional security situation remains volatile, and the economy is highly dependent on volatile oil revenue.
Download or read book Hyperinflation written by He Liping and published by Routledge. This book was released on 2017-10-03 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1970s when the world was experiencing an "age of inflation", a great volume of academic research about hyperinflation has been conducted. However, it is also true that parrot-like superficial talks abound, without questioning the economic, political and social foundations existing underneath the economic phenomenon. Based on research results of contemporary economists, media reports and historical works, this book will be the most comprehensive narrative of all major events of hyperinflation worldwide from the turn of the first millennium to the mid-2010s. Firstly, it gives a brief illustration of the basic concepts of hyperinflation, starting with the definitions and price measurement. Then it traces and analyzes all major episodes of hyperinflation that occurred over the past two thousand years or so, from the earliest incidence to the four tidal waves in the 20th century, and to the three latest episodes in the 21st century. Using basic concepts in modern finance such as indexation and dollarization, this book explains why hyperinflation in some countries could explode into astronomical levels, while rhythms of hyperinflation in the 20th century world are in resonance of megatrends in world economy and politics. Finally, this book underscores the importance of policy making, institutional building and international relations in the process of hyperinflation and stabilization. Scholars and students studying money and finance, economic history, international finance and economics will be attracted by this book.
Book Synopsis Global Waves of Debt by : M. Ayhan Kose
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Book Synopsis From Antagonism to Re-engagement by : Richard Kamidza
Download or read book From Antagonism to Re-engagement written by Richard Kamidza and published by African Books Collective. This book was released on 2017-07-19 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book interrogates the European Union (EU) - Zimbabwe Economic Partnership Agreement (EPA) negotiations, covering trade in goods, trade-related rules and development cooperation. The negotiations coincided with EUs motives as the dominant development partner, and Zimbabwes state-stakeholder fault-lines, creating dilemmas in the pursuit of a fair EPA outcome. As a result, the economically weak Zimbabwe signed and ratified an asymmetrical interim EPA (iEPA) with an economically powerful EU in 2009 and 2012, respectively. Meanwhile, direct bilateral re-engagement which eluded the Government of National Unity (GNU), became real following ZANU-PF landslide victory on 31 July 2013, that sufficiently altered the power balance to trigger the process between the former nemesis in support of iEPA domestication, and social and economic development. ZANU-PF government stopped blaming the EU and other western nations for the countrys continued economic underperformance, signaling a softening approach on its part. Similarly, the EU and its member states softened its perception on ZANU-PF leadership leading to resumption and intensification of re-engagement despite failure to implement the Global Political Agreement-related constitutional and democratic reforms, agreed by GNU. This re-engagement was firmly endorsed when the EU and Zimbabwe signed an agreement in July 2015 to normalise bilateral relations and start cooperation.
Book Synopsis The Sustainability Ethic in the Management of the Physical, Infrastructural and Natural Resources of Zimbabwe by : Chirisa, Innocent
Download or read book The Sustainability Ethic in the Management of the Physical, Infrastructural and Natural Resources of Zimbabwe written by Chirisa, Innocent and published by Langaa RPCIG. This book was released on 2019-05-27 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Humanity has extensively exploited natural and physical resources, since the Industrial Revolution in Europe. A geological era, now called the Anthropocene, has been coined in environmental and developmental circles, to mark the increased domination of humanity on Earth and its resources. Today, the ecological footprint on the fragile planet continues to increase. Mass industrialisation, like what China is doing and pushing for, is one of the drivers for increased urbanisation that results in increased demand for land. It is also the stimulus behind increased deforestation, overfishing, and pollution. As the fragility of the Earth increases, global bodies like the Intergovernmental Panel on Climate Change are pushing to reduce the Earth’s temperature. Human efforts to manage the problem cascade from a global to a regional, to a national, as well as to much localised scales. Missing though are nuanced contributions at national and community levels, which this book is an attempt to bridge. The nagging sense of responsibility is what this book explores under the label of “sustainability ethic”. As a case study, the book examines the use of sustainability ethic in the management of the physical, infrastructural and natural resources of Zimbabwe. This ethic is built on pillars that include participation of people (households) in their pursuit for sustainable livelihoods, appropriate technology, tools and techniques for environmental protection. It also hinges on stewardship and structures, institutions, policies and processes of governance and sustainability. There are also the aspects of ethics, laws and indigenous technical knowledge for sustainability, capacity building and education plans and programmes for sustainability and population and demographic determinants, processes and outcomes for sustainability. The book is a timely contribution to an urgent global concern and climate change debate.
Book Synopsis Global Trends 2040 by : National Intelligence Council
Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Book Synopsis The Land Reform Deception by : Charles Laurie
Download or read book The Land Reform Deception written by Charles Laurie and published by Oxford University Press. This book was released on 2016-03-01 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Land Reform Deception looks at a particularly contentious period in Zimbabwe's recent history, from 2000-2008, when the government seized commercial farms using illegal and violent methods against a largely unarmed population of farmers and farm workers. Robert Mugabe's government began the seizures on a small, targeted scale in an effort to suppress political opposition groups, but they soon escalated into an out-of-control frenzy targeting all farms in the country. The state claimed that the seizures occurred in response to a public cry for land redistribution and to rectify colonial-era injustices, and were part of a structured land reallocation program. Yet, land was often distributed ad hoc to those with little or no farming experience. As a result, agricultural output contracted and inflation and unemployment rose dramatically in what became a social and economic disaster for the country. In The Land Reform Deception, Charles Laurie asks why the state would target its own agricultural industry using such violent methods and risk such dire consequences. He also seeks to uncover the major actors and their motivations and strategies. Laurie argues that the seizure of the most valuable farms was largely carried out by politically influential individuals for financial and political gain, rather than to address historical injustices. In fact, he finds that the scale on which the farm invasions were carried out and the violent methods used were never part of a planned government land policy. Indeed, Laurie shows that Mugabe initially opposed the seizures, knowing that they would wreck the economy, only to later support them in order to appease his supporters and retain political power. Incorporating unprecedented empirical evidence gathered from in-depth interviews with senior politicians, members of the secretive Central Intelligence Organization, the military and police, along with farmers and farm workers who were targeted during the invasions, The Land Reform Deception strips away official explanations and delves into the political and economic drivers that triggered the seizure of commercial farms in Zimbabwe.
Book Synopsis Zimbabwe by : International Monetary Fund
Download or read book Zimbabwe written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-07-06 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The macroeconomic outlook for 2010 on unchanged policies is daunting. Short-term risks are skewed to the downside and the medium-term outlook is bleak in the absence of significant improvement in policies. The macroeconomic outlook could significantly improve if policies are strengthened. Counting on a significant increase in donor financing and budget revenue, the approved 2010 budget ramped up both wages and capital expenditures. The recent increase in the wage bill has significant adverse macroeconomic implications. The medium-term fiscal position is clearly unsustainable.
Book Synopsis Iaeng Transactions On Engineering Sciences: Special Issue For The International Association Of Engineers Conferences 2016 (Volume Ii) by : Sio-iong Ao
Download or read book Iaeng Transactions On Engineering Sciences: Special Issue For The International Association Of Engineers Conferences 2016 (Volume Ii) written by Sio-iong Ao and published by World Scientific. This book was released on 2017-11-17 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two large international conferences on Advances in Engineering Sciences were held in London, UK, 29 June - 1 July, 2016, under the World Congress on Engineering (WCE 2016), and San Francisco, USA, 19-21 October, 2016, under the World Congress on Engineering and Computer Science (WCECS 2016) respectively. This volume contains 42 revised and extended research articles written by prominent researchers participating in the conferences. Topics covered include electrical engineering, manufacturing engineering, industrial engineering, computer science, engineering mathematics and industrial applications. The book offers state-of-the-art advances in engineering sciences and also serves as an excellent reference work for researchers and graduate students working with/on engineering sciences.
Book Synopsis Regional Economic Outlook, October 2017, Sub-Saharan Africa by : International Monetary Fund. African Dept.
Download or read book Regional Economic Outlook, October 2017, Sub-Saharan Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2017-11-27 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth in sub-Saharan Africa has recovered relative to 2016, but the momentum is weak and per capita incomes are expected to barely increase. Further, vulnerabilities have risen in many countries, adding to the urgency of implementing the fiscal consolidations planned in most countries and with stepped up efforts to strengthen growth.
Book Synopsis Regional Economic Outlook, October 2016, Sub-Saharan Africa by : International Monetary Fund. African Dept.
Download or read book Regional Economic Outlook, October 2016, Sub-Saharan Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-10-25 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth in sub-Saharan Africa this year is set to drop to its lowest level in more than 20 years, reflecting the adverse external environment, and a lackluster policy response in many countries. However, the aggregate picture is one of multispeed growth: while most of non-resource-intensive countries—half of the countries in the region—continue to perform well, as they benefit from lower oil prices, an improved business environment, and continued strong infrastructure investment, most commodity exporters are under severe economic strains. This is particularly the case for oil exporters whose near-term prospects have worsened significantly in recent months. Sub-Saharan Africa remains a region of immense economic potential, but policy adjustment in the hardest-hit countries needs to be enacted promptly to allow for a growth rebound.