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Showing posts with label ideology. Show all posts
Showing posts with label ideology. Show all posts

Interrogating Mthuli Ncube's 'Austerity for Prosperity': Will ESAP 2 work where ESAP 1 failed?*

Aug 19, 2019

In the weeks leading up to the poorly kept secret of his impeding appointment, he campaigned hard for the position, coming out of a long diasporan silence to write articles outlining what he would do to tame Zimbabwe’s unwieldly economy. His many slavish supporters played up his scholarly qualifications, the international finance organisations where he had been a functionary and so forth.

It was as if the man could walk on water like Jesus purportedly did, or leap over skyscrapers with a single bound, like Superman. Given all the hype around him, his eventual appointment in October 2018 was almost an anti-climax.

It wasn’t long before he began to backtrack on some of his pre-appointment expressed views, such as the need to swiftly ‘abolish’ the widely derided ‘bond note’ currency/non-currency (which it is depends on who you ask, and what time of day it is.) Having been parachuted into his position after more than a decade in places like Switzerland, the Zimbabwean social, economic and political realities quickly, rudely began to dawn on him.
READ MORE - Interrogating Mthuli Ncube's 'Austerity for Prosperity': Will ESAP 2 work where ESAP 1 failed?*

The missing links in Zimbabwe’s drive for a successful China-like State capitalism

Feb 14, 2012

by Chido Makunike

Today’s China is perhaps the most successful example of ‘State capitalism.’ There are those who caution that the model is not all it seems, and that it is not sustainable. Even if that were the case, there is no doubt that China has become a dynamic global economic power under a type of controlled free market economy largely run by the State. Why has China’s model of State capitalism worked, while those of countries like Zimbabwe flounder?
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What future for Zimbabwe’s Commercial Farmers’ Union?

Nov 9, 2011


From being one of Zimbabwe’s most powerful and influential non-governmental bodies, the Commercial Farmers Union struggles to be heard at all today. Most of its members have been unceremoniously dispossessed of their farms, leaving the representative body of the country’s large-scale white farmers struggling for relevance. Is there much of a future for the CFU?
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More examples of how donor dependence compromises African sovereignty

Oct 20, 2011

By most accounts, Sudan's President Omar Hassan al-Bashir is a nasty fellow. This alone wouldn't be enough to earn him being distanced by most of Africa's rulers, few of whom can be considered cute and cuddly fellows. But that al-Bashir is welcome in the company of African leaders is still odd because of the particular nature of his alleged badness. Arab al-Bashir is accused of genocide, crimes against humanity and war crimes in Sudan's ethnically African Darfur region. One would have thought this would be one reason to make African leaders at least avoid al-Bashir like the plague, but that hasn't been the case. What gives?
READ MORE - More examples of how donor dependence compromises African sovereignty

Why Zimbabwe's government is not afraid of 'scaring away foreign investment' with empowerment legislation

Sep 11, 2011

The latest chapter in Zimbabwe's on-going drive for majority local ownership in companies, or 'indigenization,' is the threat to shut down platinum concern, Impala Mining, for non-compliance with the new laws. Many observers have been shocked because it was somehow believed that the government would back off if pushed by a large, influential investor. Some are dismayed at what they see as government intransigence on the issue, others are positively alarmed at what is perceived to be economic recklessness. What are some of the factors behind policies that don't appear to make conventional sense?
READ MORE - Why Zimbabwe's government is not afraid of 'scaring away foreign investment' with empowerment legislation