Trade in Zimbabwe

Trade in Zimbabwe
Author :
Publisher : World Bank Publications
Total Pages : 169
Release :
ISBN-10 : 9781464804472
ISBN-13 : 1464804478
Rating : 4/5 (478 Downloads)

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.

Trade in Zimbabwe Related Books

Trade in Zimbabwe
Language: en
Pages: 169
Authors: Richard Newfarmer
Categories: Business & Economics
Type: BOOK - Published: 2015-05-26 - Publisher: World Bank Publications

GET EBOOK

In Zimbabwe, trade has been a driver of economic growth, rising incomes, and progressive empowerment of Zimbabweans through rising standards of living and the p
Assessment of Zimbabwe's Trade Performance Within the Context of Regional Integration
Language: en
Pages: 52
Authors: Gibson Chigumira
Categories: Zimbabwe
Type: BOOK - Published: 2018 - Publisher:

GET EBOOK

Zimbabwe: Challenges and Policy Options after Hyperinflation
Language: en
Pages: 56
Authors: Gilda Fernandez
Categories:
Type: BOOK - Published: 2010-06-23 - Publisher: INTERNATIONAL MONETARY FUND

GET EBOOK

This paper examines the challenges and policy options after hyperinflation in Zimbabwe. The paper reviews the pros and cons of alternative monetary regimes for
Informal Entrepreneurship and Cross-Border Trade between Zimbabwe and South Africa
Language: en
Pages: 47
Authors: Chikanda, Abel
Categories: Social Science
Type: BOOK - Published: 2017-02-10 - Publisher: Southern African Migration Programme

GET EBOOK

Zimbabwe has witnessed the rapid expansion of informal cross-border trading (ICBT) with neighbouring countries over the past two decades. Beginning in the mid-1
Chad
Language: en
Pages: 42
Authors: International Monetary Fund. African Dept.
Categories: Business & Economics
Type: BOOK - Published: 2013-09-09 - Publisher: International Monetary Fund

GET EBOOK

This paper analyzes the effect of an IMF Staff-Monitored Program for Chad to enhance economic development. Weak institutional capacity and governance concerns h