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The rise of informal entrepreneurs in Zimbabwe: evidence of economic growth or failure of economic policies?

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  • Esinath Ndiweni
  • Helen Verhoeven

Abstract

This paper investigates whether the rise in the number of informal entrepreneurs in Zimbabwe is linked to economic growth or failed government policies. It argues that for the past 30 years informal economic activities have proliferated at an unprecedented rate as a response to socio-political and economic challenges and thus became a default position, for many to escape debilitating poverty. It draws from the literature, the experiences of one of the authors who is a Zimbabwean and views of interviewees. The major finding is that the contribution of informal traders in Zimbabwe cannot result in sustainable development nor can it significantly increase economic growth. The paper concludes that the rise in informal sector business is rather indicative of a lack of accountability for the plunder of resources and its attended consequences and failure of government economic policies. Finally, it proposes the adoption of social entrepreneurship approaches to address social problems.

Suggested Citation

  • Esinath Ndiweni & Helen Verhoeven, 2013. "The rise of informal entrepreneurs in Zimbabwe: evidence of economic growth or failure of economic policies?," African Journal of Accounting, Auditing and Finance, Inderscience Enterprises Ltd, vol. 2(3), pages 260-276.
    • Handle: RePEc:ids:ajaafi:v:2:y:2013:i:3:p:260-276
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    Cited by:

    1. Nyoni, Thabani, 2018. "Switching from Job Seekers to Job Creators: Transmogrifying Necessity Entrepreneurs and Ratifying Opportunity Entrepreneurs in Zimbabwe," MPRA Paper 88840, University Library of Munich, Germany.
    2. Constance Gunhidzirai & Pius T Tanga, 2017. "Informal Entrepreneurship as a Poverty Alleviation Mechanism in Zimbabwe: Challenges and Prospects," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 132-143.

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