ZCIEA STudy Circle Manual Book 5 – Economic Literacy and Decent Work Agenda

ZCIEA STudy Circle Manual Book 5 – Economic Literacy and Decent Work Agenda

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ZCIEA STudy Circle Manual Book 5 - Economic Literacy and Decent Work Agenda

Zimbabwe has been experiencing unstable economic trends since the country got independent from white settler colonisation in 1980. This instability has resulted in the growth of employment informalisation as well as an increase in the poverty rate. In chapter one, the development of informal economy was discussed and it was realised that the situation has gone worse to the point of a deeper crisis between 2006 and 2009. During this period the economy failed to provide jobs as companies closed due to hyperinflation, shortage of raw material, lack of foreign currency, none production lack of investments, and mainly corruption as well as poor economic policies. The years between
2009 and 2013 saw a bit of breath-taking as the Government introduced multi-currency as a rescue to the collapse of the Zimbabwe dollar. In this period, a Government of National Unity had been formulated which gave some hope to the resolution of the economic problems. The change of Government to one party (ZANU (PF)) saw the deterioration setting in again. Currently, industrial production has gone down with very few industries still operating. Therefore most products are now being imported.

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