zimbabwe and the Economic Structural Adjustment Program

even Australia being the preferred destinations. After gaining independence in 1980, Zimbabwes new leader, Robert Mugabe and his zanu-PF government are said to have inherited nearly 700 million dollars in debt from the former Rhodesian Regime. Women experiencing sexual harassment are far less likely to report an incident for fear of retrenchment, as employers now can easily fire people. The collapse of wages has meant that many workers live far below the poverty line. Image Courtesy : g, advertisements: South Africas decision to impose a tariff on Zimbabwes textile exports exacerbated the situation. There is no longer a functional grievance the Dead at ChristmasTime system for workers' complaints(Maclean). Economic policy reforms have thus resulted in declining employment opportunities. Worsening economic conditions plus ever increasing corruption and crime have been the norm since 1995. Inflation has moved from 15 in 1990 to an all time high of 70 in October 1999 and 56 in 2000.

removal of protection of non-productive import substituting industries and increased profit remittance abroad. The country largely exports primary goods to South Africa and is dependent on South Africa for fuel and electricity.

In 1991, Zimbabwe introduced what is known as the Economic Structural Adjustment (esap to stimulate economic growth and reduce poverty. Ask our professional writer! Zimbabwe is South Africas largest trading partner on the continent.

Thus, between 1991 and the year 2001, Zimbabwes GDP declined culminating in a negative growth of -11.5. According to the report 42 of the population belonged to households, which were below the food poverty line; and 62 of the population belonged to households whose incomes were adequate to meet basic needs. The measures introduced were;. And the severe drought in the country significantly affected agricultural output, which is the main source of foreign currency. In October 1990 the Zimbabwe government started to implement a five year economic structural adjustment programme (esap) as a response to the economic crisis which had been affecting the country since the attaining of independence in e programme was developed or designed by the world. The general liberalization of the economy culminated in the lifting of protectionism. After Zimbabwe gained independence on the government was involved in post war reconstruction redressing the imbalances which the white colonial regime had instituted and responding to the needs of the population. Inflation rose from.5 percent in 1990, when the first esap was implemented,.1 percent in 1992; by August 1999 it had reached.8 percent (Bond, Saunders 42). 2550 Words Apr 11th, 2008 11 Pages. The generous liberalisation of the economy culminated in the lifting of protectionism.

removal of price controls. South Africas protectionism ensures that Zimbabwes goods remain less competitive in South Africa and this has also contributed to the downturn in the latters economy in the 1990s. Drop files here or, captcha, comments, this field is for validation purposes and should be left unchanged). Description author Name author Email. This coupled with high inflation, rising costs of living and the decline in real wages, resulted in not only widespread poverty but also disillusionment with the present zanu-PF regime. liberalization of foreign currency allocation system. The trading balance is in favour of South African exports of mainly manufactured products to Zimbabwe.