The document outlines Zimbabwe's history, focusing on its political upheaval and economic challenges since independence in 1980 under Robert Mugabe. It highlights issues such as currency devaluation, black markets, expropriation of land and mines, and ineffective government policies leading to economic decline. Recommendations for future recovery include implementing credible economic policies, boosting productivity, and shifting towards an export-driven economy.

1. A project on ZIMBABWE Prepared by :- Kartikey Jani

3. Introduction History Political upheaval The Economic blunders What it needs to do Future scope

5. British colonialism ROBERT MUGABE National hero

6. ESTABLISHMENT OF REPUBLIC OF ZIMBABWE IN1979 ROBERT MUGABE - PRIME MINISTER IN 1980 - PRESIDENT IN 1987.

19. Inconsistency of exchange rates Freezing basic commodity prices Nationalize sectors of economy without compensation Black markets Land expropriation, obviation of property rights, and unrealistic price control

20. Zimbabwe maintains an official exchange rate of Z$250 to US$1 unofficial exchange market trades at Z$7,000 to the US$1 or even lower 1 $ <

21. Maintained subsidies and price controls for key commodities Anyone raising prices would be arrested and punished

25. Expropriation of 51 percent of all mines without providing any compensation 20,000 miners arrested in 2004-2006 To clamp down on private mining

27. Occurrence of black markets shattered the economy Government negligence resulted in furthering the black marketers in more illegal ventures

29. Seizures and Redistribution of Farmland The land redistribution program Wages have not kept pace with the rising costs

32. Shift from project based aid Paris declaration 2005 Poverty Reduction Strategy Paper

34. Implement Credible policies Labor intensive rehabilitation Maintenance of infrastructure Facilitate return of migration

36. Economic recovery has to be Export driven Projected imports : 65 % Projected exports : 40 % - Boost productivity - lower transaction costs - remove obstacles from F.I.

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