African nation of Zimbabwe. When Mugabe lost poll on a new constitution in 1999‚ he decided to destroy the resistance by seizing the commercial farmers who formed the financial backbone of the opposition movement. This attack on property rights of farmers wiped out Zimbabwe’s export earnings and sent there economy on a downward spiral. Land titles became worthless and could not serve as collateral. The banking sector seized up. Gideon Gono‚ the Governor of the Reserve Bank of Zimbabwe‚ stepped in and
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Zimbabwe Retail Sector: A look at some of the challenges presented by good economy growth. By Girland Chibaya A recent Economic Report for Africa mentioned that Zimbabwe is now ranked among the top 10 economic performers in Africa. While this is good news‚ what does this mean especially to those South African retail companies that are looking into investing in the country. A recent trend has shown that most retailers are starting to pay more attention to store growth to both South Africa and Sub-Saharan
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CULTURE Zimbabwe has many different cultures which may include beliefs and ceremonies‚ one of them being Shona. Zimbabwe’s largest ethnic group is Shona. The Shona people have many sculptures and carvings of gods (idols) which are made with the finest materials available. Arts Traditional arts in Zimbabwe include pottery‚ basketry‚ textiles‚ jewelry‚ and carving. Among the distinctive qualities are symmetrically patterned woven baskets and stools carved out of a single piece of wood. Shona sculpture
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Zimbabwe: A worthless currency | The Economist http://www.economist.com/node/11751346/print Zimbabwe A worthless currency The local dollar is fast shrivelling away Jul 17th 2008 | JOHANNESBURG | from the print edition WITH prices doubling every few days‚ Zimbabweans now spend huge amounts of time and energy preventing their meagre cash resources from completely evaporating. Trying to catch up with galloping hyperinflation‚ now officially running at 2.2m per cent a year and at least
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Helena Nielsen Period 1 1/13/12 Modernization is a process of modernizing a way of life. South Africa and China both attempted to modernize for a beneficial outcome. China was successful at modernizing and benefited greatly. South Africa resisted modernization and in the end suffered from harmful effects. South Africa and China both modernized in their own way. China attempted to modernize from the struggles that were present in the country. In China‚ modernization occurred
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the mining. All over Africa countries are increasing taxes and royalties on mining companies in an effort to maximize those profits but none go as far as Zimbabwe‚ which is employing an “Indigenisation Policy” that requires foreign companies to be 51% owned by indigenous Zimbabweans within five years. Indigenisation policies have existed in Zimbabwe since it won its independence in 1980‚ although the Indigenisation and Economic Empowerment Act‚ introduced in February 2010‚ is the first Act to include
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Zimbabwe – History and Politics Anna Swain Strayer University Sociology of Developing Countries Professor Emmanual Obi Abstract Slavery‚ according to historical accounts‚ played an important role in Africa’s underdevelopment. It fostered ethnic fractionalization and undermined effective states. The largest number of slaves was taken from areas that were the most underdeveloped politically at the end of the 19th century and are the most ethnically fragmented today. Without the slave
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Zimbabwe’s economic freedom score is 22.1‚ making its economy the 178th freest in the 2011 Index. Its score has increased by 0.7 point from last year‚ reflecting gains in four of the 10 economic freedoms. Zimbabwe is ranked last out of 46 countries in the Sub-Saharan Africa region and is the second least free country in the 2011 Index. The Zimbabwean economy is characterized by instability and volatility‚ both hallmarks of excessive government interference and mismanagement of the economy. The country’s
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The Political Economy of the media in Zimbabwe The political economy of the media in Zimbabwe is mostly centered on the hands of the government. The government has control over major media players like the public media which include print and broadcasting media. Through its control of the public media it has greatly impede freedom of expression‚ freedom of the press‚ freedom of information and freedom of opinion in the media. However‚ the government has manage to give some private players room to
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DISCUSS THE DEVELOPMENT CHALLENGES IN THE CONTEXT OF ZIMBABWE. Zimbabwe as a developing state has a number of developmental challenges that emanate from different quarters within the parameters of its political‚ social‚ economic‚ technological and environmental set ups. This factors which are both historical and current intermingle in arresting development as to be discussed. To begin with‚ the past corporate driven global economic policy termed the Economic Structural Adjustment Programme of 1991
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