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Reflections on Zimbabwe’s past and future: Tradeoffs between the Lexus and the Baobab tree

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  • Craig J. RICHARDSON

    (USA)

Abstract

In early 2018, President Mnangagwa seemingly struck a new tone to the Western world that was welcoming, rather than antagonistic to business investment (Mnangagwa, 2018). Nonetheless, recent and continued land expropriations, continued deficit spending and a severe shortage of cash liquidity have made any recovery a very challenging prospect. Outside observers now have differing outlooks on Zimbabwe, ranging from uniformly “negative†to “mixed†, “neutral†or “cautiously optimistic†(World Bank, 2018; Mining Review Africa, 2018; Mdzungairi, 2018) My recent take on the country in an op-ed for The Wall Street Journal sided with the cautiously optimistic group (Richardson, 2018), but it appears I was too sanguine.

Suggested Citation

  • Craig J. RICHARDSON, 2020. "Reflections on Zimbabwe’s past and future: Tradeoffs between the Lexus and the Baobab tree," Journal of Economics Library, EconSciences Journals, vol. 7(4), pages 188-200, December.
  • Handle: RePEc:cvv:journ5:v:7:y:2020:i:4:p:188-200
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    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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