Reasons for Zimbabwe's Economic Decline

Decades ago, Zimbabwe was a promising country, the fastest growing African country in Africa. Nonetheless, few African countries can prosper in the 21st century, but Zimbabwe is not. Zimbabwe's economy is at the lowest point of GDP and faces one of the greatest hyperinflation rates ever, and it has not developed due to insufficient management and policies. In addition, the Reserve Bank of Zimbabwe is responsible for printing money for the government, people in Zimbabwe are dying of famine, sexually transmitted diseases and poverty.

Zimbabwe maintained positive economic growth during the 1980s (annual GDP growth rate 5%) and the 1990s (annual GDP growth rate 4.3%). The economy declined since 2000: 5% in 2000, 8% in 2001, 12% in 2002 and 18% in 2003. Zimbabwe's involvement in the war in the Democratic Republic of Congo from 1998 to 2002 wastes hundreds of millions of dollars of water. Economy From 1999 to 2009, Zimbabwe's economic growth rate was the lowest and annual GDP declined 6.1%. The swirl of economic decline was mainly due to the inadequacy of government management and the expulsion of controversial land of more than 4,000 white farmers confiscated in 2000. The Zimbabwe government and its supporters proved that the Western policy is to revenge the expulsion of their relatives and destroy the economy.

Zimbabwe's economic policy reform has not improved people's socio-economic well-being. As a result, the economic recession brought about widespread political dissatisfaction and dissatisfaction with the current regime. As political tension falls into a political stalemate, there is concern that the Zimbabwe economy is on the verge of complete collapse. As pointed out by the Kadoma Declaration, it is difficult to recover the economy without the help of development partners. Zimbabwe may not be necessary elsewhere in the world, but Zimbabwe definitely needs the rest of the world