IDEAS home Printed from https://ideas.repec.org/a/ids/ajaafi/v2y2013i3p260-276.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=57636
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ajaafi:v:2:y:2013:i:3:p:260-276. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carmel O'Grady). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID==383 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.