REFLECTIONS ON ZIMBABWE’S PAST AND FUTURE: TRADEOFFS BETWEEN THE LEXUS AND THE BAOBAB TREE

Craig J. Richardson
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Craig J. Richardson: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 164, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: In early 2018, President Mnangagwa seemingly struck a new tone to the Western world that was welcoming, rather than antagonistic to business investment (Mnangagwa, 2018). Nonetheless, recent and continued land expropriations, continued deficit spending and a severe shortage of cash liquidity have made any recovery a very challenging prospect. Outside observers now have differing outlooks on Zimbabwe, ranging from uniformly “negative” to “mixed”, “neutral” or “cautiously optimistic” (World Bank, 2018) (Mining Review Africa, 2018) (Mdzungairi, 2018) My recent take on the country in an op-ed for The Wall Street Journal sided with the cautiously optimistic group (Richardson C. , 2018), but it appears I was too sanguine.

Pages: 16 pages
Date: 2020-09
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