News / National
Nothing inherently wrong with command economics
02 Jul 2017 at 12:19hrs | Views
A political analyst Vince Musewe has said there is nothing inherently wrong with command economics.
He said Zimbabwe, is operating way below its full potential and it is critical that at some stage, the state must intervene in order to ensure that people become a more productive economy.
"After all, governments are really there to facilitate and ensure maximum production because that is the source of jobs, high employment levels, increasing incomes and economic growth," he said.
"Interestingly enough, a developmental state is supposed to do just that, where the government plays a decisive role in facilitating collective economic and human development, but is also involved in an effective policy-making process which harnesses national resources and acts as a catalytic agency for inclusive economic growth."
He said the Developmental State is a term coined by Chalmers Johnson that is used to describe states which follow a particular model of economic planning and management.
"It was initially used to describe post-1945 Japan and its rapid modernisation and growth," he said.
A simple definition would be that "A Developmental State is a state where the government is intimately involved in the macro and micro economic planning in order to grow the economy whilst attempting to deploy its resources in developing better lives for the people".
He said Zimbabwe, is operating way below its full potential and it is critical that at some stage, the state must intervene in order to ensure that people become a more productive economy.
"After all, governments are really there to facilitate and ensure maximum production because that is the source of jobs, high employment levels, increasing incomes and economic growth," he said.
"Interestingly enough, a developmental state is supposed to do just that, where the government plays a decisive role in facilitating collective economic and human development, but is also involved in an effective policy-making process which harnesses national resources and acts as a catalytic agency for inclusive economic growth."
He said the Developmental State is a term coined by Chalmers Johnson that is used to describe states which follow a particular model of economic planning and management.
"It was initially used to describe post-1945 Japan and its rapid modernisation and growth," he said.
A simple definition would be that "A Developmental State is a state where the government is intimately involved in the macro and micro economic planning in order to grow the economy whilst attempting to deploy its resources in developing better lives for the people".
Source - Byo24News
