Opinion / Columnist
Zimbabwean economy naturally home brown
16 Feb 2016 at 09:24hrs | Views
Zimbabwean economy is a famous case study on the African continent for being natural, home grown and free from foreign manipulation as is the case with other nation states in the region.
Since year 2000m when Zimbabweans took a hyper-active move to fulfill their total emancipations from white imperialists by repossessing land as a way of completing the struggle for independence, the local economy was subjected to assault by our erstwhile enemies. The repossession of land which was expropriated from our ancestors over a century ago inundated the minority beneficiaries that schemed an ugly economic sabotage which still haunts us up to this day.
The western powers, USA and EU fought on the side of our colonisers as they in turn imposed illegal sanctions which failed to receive the backing of the United nations. This created a turning point of the once flourishing economy into a night mare that precipitated an accelerated a man-made decline.
The unilateral imposition of illegal sanctions led to economic sabotage as western linked companies closed shop. The same was stretched to the humanitarian organizations that worked in the country. They pulled out under the trumped up charges of human rights abuse and bad governance.
The reality was anchored on the fact that the west was frustrated by the active policy shift by the ZANU-PF Government that took land for distribution state to the landless peasant farmers that were awaiting anxiously since independence. This was the correction of the colonial imbalances which favoured the whites at the expense of the indigenous people that were relegated to the infertile land derogatorily referred to as reserves.
In spite all odds, Zimbabwe managed to adopt sanctions busting measures which enabled the country to survive the trying times up to this day. It was a blessing in disguise as the nation was able to live on its own resources without anymore subsidies from the outside the country.
Some countries in the region rely on up to 40% national budget which is funded by foreign donors. Such a scenario is a perpetuation of the dependency syndrome which is killing economic growth in the region. Zimbabwe is operating at 100% locally funded national budget. This is an indicator of true and total independence.
Meanwhile the government is poised to meet the $1, 8 billion dollar to pay foreign debt soon. This is a clear-cut testimony that Zimbabwe is slowly becoming self-sustained and satiable.
The general economic decline currently experienced in the country is not confined to Zimbabwe alone, but the generality of the global economies which are staggering owing to turbulence on the global market on which there is fall in world prices of gold, fuel and platinum among other commodities. Even the Chinese economy is facing the same fate such as ours.
The local economic problems are exacerbated by the looming El Nino driven drought due to little rains being received this farming season. The government is putting every effort possible to procure some maize from outside to cater for the possible food shortages in the whole country. So far numerous metric tonnes of maize have reached the country to rescue the starving populations.
Since year 2000m when Zimbabweans took a hyper-active move to fulfill their total emancipations from white imperialists by repossessing land as a way of completing the struggle for independence, the local economy was subjected to assault by our erstwhile enemies. The repossession of land which was expropriated from our ancestors over a century ago inundated the minority beneficiaries that schemed an ugly economic sabotage which still haunts us up to this day.
The western powers, USA and EU fought on the side of our colonisers as they in turn imposed illegal sanctions which failed to receive the backing of the United nations. This created a turning point of the once flourishing economy into a night mare that precipitated an accelerated a man-made decline.
The unilateral imposition of illegal sanctions led to economic sabotage as western linked companies closed shop. The same was stretched to the humanitarian organizations that worked in the country. They pulled out under the trumped up charges of human rights abuse and bad governance.
The reality was anchored on the fact that the west was frustrated by the active policy shift by the ZANU-PF Government that took land for distribution state to the landless peasant farmers that were awaiting anxiously since independence. This was the correction of the colonial imbalances which favoured the whites at the expense of the indigenous people that were relegated to the infertile land derogatorily referred to as reserves.
In spite all odds, Zimbabwe managed to adopt sanctions busting measures which enabled the country to survive the trying times up to this day. It was a blessing in disguise as the nation was able to live on its own resources without anymore subsidies from the outside the country.
Some countries in the region rely on up to 40% national budget which is funded by foreign donors. Such a scenario is a perpetuation of the dependency syndrome which is killing economic growth in the region. Zimbabwe is operating at 100% locally funded national budget. This is an indicator of true and total independence.
Meanwhile the government is poised to meet the $1, 8 billion dollar to pay foreign debt soon. This is a clear-cut testimony that Zimbabwe is slowly becoming self-sustained and satiable.
The general economic decline currently experienced in the country is not confined to Zimbabwe alone, but the generality of the global economies which are staggering owing to turbulence on the global market on which there is fall in world prices of gold, fuel and platinum among other commodities. Even the Chinese economy is facing the same fate such as ours.
The local economic problems are exacerbated by the looming El Nino driven drought due to little rains being received this farming season. The government is putting every effort possible to procure some maize from outside to cater for the possible food shortages in the whole country. So far numerous metric tonnes of maize have reached the country to rescue the starving populations.
Source - Suitable Kajau
All articles and letters published on Bulawayo24 have been independently written by members of Bulawayo24's community. The views of users published on Bulawayo24 are therefore their own and do not necessarily represent the views of Bulawayo24. Bulawayo24 editors also reserve the right to edit or delete any and all comments received.
