The Analysis of Zimbabwe`s informal Sector`s Economic Sustainability Subject to Lockdown Effects

Tafadzwa Telmore Tarupiwa ()
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Tafadzwa Telmore Tarupiwa: Midlands State University, Zimbabwe.

iRASD Journal of Economics, 2020, vol. 2, issue 1, 43-52

Abstract: Zimbabwe`s economic society had been dominated by the informal sector as the primarysource and substitute for formal employment. It comprises vendors, crosses border traders, cottage industries, artisanal miners,and many others conducting lawful but unregistered economic activities. Given it being seen as a new normal for Zimbabwe`s economic structure, the 2020 national lockdown necessitated the analysis of Zimbabwe`s informal sector's economic sustainabilitygiven the hardship experienced. Applying extensive literature review, content analysis,and critical assessment of theory and practice as the methodology, the informal sector is deemed highly unsustainable economically. This paper proposes a total restructuring of Zimbabwe`s sector structure by creatinga comprehensivedevelopment strategy that enables refocusing government expenditure and policy towards realignment of informal structure to formal. Furthermore, this paper advocate for a balanced development strategythat incorporates all sectors that accelerate growth and a stable formal sector through technological innovations and modernization. There is technology transfer to the informal sector. As opposed to arbitraging and vending activities,they are prone to stagnation and vulnerability.

Keywords: Informal sector; Economic sustainability. Zimbabwe. Employment; Lockdown (search for similar items in EconPapers)
JEL-codes: E26 J46 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ani:irdjoe:v:2:y:2020:i:1:p:43-52

DOI: 10.52131/joe.2020.0101.0015

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