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Keywords
- competition
- economic growth
- economic policy
- growth
- labor market
About this book
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.
About the author
CAROLYN JENKINS works at the Centre of the Study of African Economies at the University of Oxford and at the Centre for Research into Economics and Finance in Southern Africa, London School of Economics.
JOHN KNIGHT is Professor and Head of the Department of Economics at the University of Oxford. A founder member of the Centre for Study of African Economies, he has written extensively on human resource and labour market issues in Africa and elsewhere.
JOHN KNIGHT is Professor and Head of the Department of Economics at the University of Oxford. A founder member of the Centre for Study of African Economies, he has written extensively on human resource and labour market issues in Africa and elsewhere.
Bibliographic Information
Book Title: The Economic Decline of Zimbabwe
Book Subtitle: Neither Growth nor Equity
Authors: J. Knight
Series Title: Studies on the African Economies Series
Publisher: Palgrave Macmillan London
eBook Packages: Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2001
Hardcover ISBN: 978-0-333-97027-0Due: 17 December 2001
Series ISSN: 2947-0617
Series E-ISSN: 2947-0625
Edition Number: 1
Number of Pages: 345