VOlUME 06 ISSUE 08 AUGUST 2023
Hitesh Agrawal
Student of class 12 at Daly College
DOI : https://doi.org/10.47191/ijsshr/v6-i8-25Google Scholar Download Pdf
ABSTRACT
Zimbabwe's economy has faced significant challenges over the years, resulting in a decline in various sectors and a collapse in the country's currency. This article provides an overview of the historical context of Zimbabwe's economy,highlighting the economic trajectory during the period of Southern Rhodesia and the subsequent challenges faced during President Robert Mugabe's tenure. It examines the causes of the economic collapse, including land reforms, economic mismanagement, hyperinflation, and the impact of external factors such as sanctions. The consequences of the economic crisis are explored, including high unemployment, food insecurity, water and power shortages, and a strained healthcare system. The political causes, including Mugabe's rule and his decision to support military interventions, are also discussed. The article delves into the implementation of dollarisation as a solution and its benefits and challenges for Zimbabwe's economy. It concludes by discussing recent developments, including thereintroduction of a new currency and the persisting high inflation rates, highlighting the ongoing economic challenges faced by the nation.
KEYWORDS:Mugabe, land reforms, corruption, dollarisation
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