When Zimbabwe achieved political independence, its new majority government set itself the dual objectives of economic growth and redistribution of resources, neither of which were achieved. The seeds of economic decline were sown soon after independence in unsustainably high government spending, which was financed by private savings, stifling private investment and inhibiting employment creation. The burden of adjustment was borne disproportionately by the rural poor, who fared worse than those already in urban employment. Zimbabwe's experience provides valuable lessons for countries struggling with the trade offs between growth-orientated and redistributive policies.
- ISBN13 9780333970270
- Publish Date 17 December 2001
- Publish Status Active
- Publish Country GB
- Imprint Palgrave Macmillan
- Format Hardcover
- Pages 345
- Language English