• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
zimbabwe economy
 

zimbabwe economy

on

  • 1,239 views

 

Statistics

Views

Total Views
1,239
Views on SlideShare
1,239
Embed Views
0

Actions

Likes
1
Downloads
53
Comments
1

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel

11 of 1 previous next

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
  • thanxvery much for sharing this infor.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    zimbabwe economy zimbabwe economy Presentation Transcript

    • ZIMBABWEN ECONOMY
    • Group Members
      • Names Rollno
      • Kunal Sanghvi 66
      • Akshata Satam 67
      • Aditi Sawant 68
      • Vasundhara Sawant 69
      • Palav Shah 70
    •  
    • Zimbabwe History
      • Zimbabwe is located in Southern Africa.
      • Capital: Harare
      • Currency: Zimbabwian Dollar
      • Occupation: Agriculture and Mining
      • Official language: English
      • Regional languages: Shona, Sindebele
      • Natural resources: coal, chromium, gold, nickel, iron, ore, tin and platinum.
      • GDP Growth:-3.6%
      • Inflation:2,200,000%
      • Unemployment:80%
      • Main Exports: cotton, tabboco, gold, textile/clothing.
      • ExportPartners:SouthAfrica,Zambia,China,Japan,Mozambique,Botswana,Italy,Germany,Netherlands.
      • Imports: machinery and transport equipment, chemicals, fuels, electricity
      • Import Patners: South Africa, China, Botswana.
    • Political History
      • 1923 – British Colony.
      • 1961 – Constitution was formed in favor of whites in power.
      • 1980 – Zimbabwe’s Independence
      • 1987 – Robert Mugabe came to Power
      • Late 1980’s – Robert Mugabe’s chaotic land redistribution law which caused the economy to cripple and a widespread shortage of basic necessities.
      • 1998 – 2000 – Zimbabwe’s involvement in the war in Democratic Republic of Congo.
      • 2008 - Election
    • Inflation
      • Zimbabwe in the grip of exponentially worsening economic crisis since 2000
      • Inflation accelerating at a very high rate
      • Inflation surpassed that of all other nations
      • Hyperinflation bankrupted the Government
      • Soaring costs
      • Increasing fuel prices
    • Currency Devaluation
      • There is 60% devaluation in the currency
      • Black market
    • 1400–6000 55; 824 2003 380–1740 55 2002 70–340 55 2001 56–70 38 2000 Parallel exchange rate Official exchange rate year
    • 3,000–2,000,000 revalued dollars (4,000,000 revalued dollars) 250 revalued dollars 30,000 revalued dollars (Sept) 2007 100,000–550,000 (550–3,000 revalued dollars) 85158–101,196 (250 revalued dollars) 2006 6400–100,000 730–26,003 2005 5500–6000, 824–57305 2004
    • 35 -241,750,000 revalued dollars 30,000 revalued dollars 2008 (Apr)
    • Unemployment
      • The biggest fear for the country
      • Almost 85% are unemployed and remaining 15% are in government jobs
      • Loss of half a million jobs
      • Disguise unemployment
      • Hampered employment in tourism industry
      • Loss of employment in agricultural sector
    • PRODUCTION
      • GOLD
      • 1998 27,114kg
      • 2007 7,017kg
      • Oil
      • 0 bbl/day
      • Energy
      • 2003 8.877billion kwh
    • Industry ENERGY EXPORTS 0 kwh IMPORTS 3.3 billion kwh IMPORTING COUNTRIES D.R.CONGO 9.50% MOZAMBIA 9.00% ZAMBIA 28.5% SOUTH AFRICA 43.0%
    • OIL
      • EXPORTS 0 BBL/DAY
      • IMPORTS 23,000 BBL/DAY
    • EXPORTS
      • TOTAL EXPORTS USD$ 1.775
      • EXPORT GOODS
      • COTTON
      • TOBACCO
      • GOLD
      • ALLOYS
      • TEXTILES
      • MAIN EXPORT PATNERS
      • SOUTH AFRICA 36.4%
      • CHINA, JAPAN, ZAMBIA 7.3% EACH
      • MOZAMBIQUE 4.7%
      • U.S, BOTSWAVA, ITALY, GERMANY, NETHERLANDS 3.6% EACH
    • Balance of Payments 40 Current transfers -294 Balance on income -329 Balance on services 158 Balance on goods - 425 Current Account
    • ---- Portfolio investment assets ---- Direct investment in Zimbabwe ---- Direct investment abroad - 26 Financial Account 284 CapitalAccount
    • 86 Reserves and Related Items 80 Net Errors and Omissions ----- Other investment liabilities ----- Other investment assets ----- Portfolio investment liabilities
    • Food Crisis
      • Land Redistribution Law
      • Heavy Rainfall
      • Suspension of Private Imports
      • The people affected in different regions are as follows:
      • Matabeleland
      • Masvingo
      • Mashonaland
      • Midlands
      • Harare
      • Manicaland
    •  
    • Human Rights
      • Police repression
      • Child soldiers
      • Discrimination
      • Human trafficking
    •  
    • Diseases
      • Food or waterborne diseases: bacterial and protozoan diarrhea, hepatitis A, and typhoid fever
      • Vector borne disease: malaria
      • Malnutrition
      • HIV/ AIDS
    •  
    • What should be done?
      • Political reforms
        • negotiated settlement on a Tsvangirai-led transitional government.
        • political agreement between the MDC and ZANU-PF
        • Tsvangirai-led transitional government with substantial participation by ZANU-PF
      • Economic reforms
        • careful management of domestic debt
        • adoption of new economic policies
        • balance of payments support
        • the negotiation of substantial credit lines
        • exchange rate policy & a move towards positive real interest rates
      • Solution to food crisis
        • close by countries should provide emergency relief
      • Reformation of Banking sector
        • restoration of the ailing banking sector
        • return the central bank to its traditional role
      • Land reforms/ land redistribution
        • Nationalize the productive land
        • Employ farming expert management
        • The restoration of property rights
        • The market for agricultural land
        • Effective isolation from the financial institutions;
      • The reticence of farmers & professional to return to Zimbabwe
        • more than three million Zimbabweans have fled
        • an injection of external development assistance & technical help with agricultural extension services.
        • Professional classes return under a new regime if they can see bright prospect in its reformation process.
      • Role of IMF & World bank
        • substantial budget support and balance of payments
        • support in the form of long-term loans from the IMF and World Bank
        • can contribute to help overcome acute shortage of foreign
        • exchange and earn good export revenues
      • Thank You
      • International support and aid
        • need to be treated as a disaster zone
        • assistance to recapitalize the country especially for agriculture."
      • Role of faith based organizations
        • bringing democratic change
        • build community
        • civic culture
        • combat illiteracy
        • bring more discipline to an individual’s life & community
        • brings about a respect for rule of law, tolerance
        • spiritual, physical and eventually economical prosperity
      • West support
      • Assistance for creating economic and democratic institutions
      • Development of incentives for its stable functionality