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Economic Management in a Hyperinflationary Environment – The Political Economy of Zimbabwe, 1980–2008 | Oxford Scholarship Online
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Economic Management in a Hyperinflationary Environment: The Political Economy of Zimbabwe, 1980–2008

George Kararach and Raphael O. Otieno

Abstract

The book documents the economic management experience of Zimbabwe during a decade of economic downturn. Almost all the chapters note that economic downturns create opportunities as well as challenges for companies, allowing them to move from the middle of the pack into leadership positions more than at any other time in business. Unlike straight-aways where leaders can thrive on raw power alone, steep curves require strategic finesse. That often results in dramatic differences in performance as leaders steer out of the curve. There are a number of Schumpeterian forces at work, calling for crea ... More

Keywords: economic management, Zimbabwe, Schumpeterian forces, leadership positions, financialization, human capital policy, crisis, econometric techniques, developing economies

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780198747505
Published to Oxford Scholarship Online: March 2016 DOI:10.1093/acprof:oso/9780198747505.001.0001

Authors

Affiliations are at time of print publication.

George Kararach, editor
Senior Consultant, Statistics Department, The African Development Bank, Tunis

Raphael O. Otieno, editor
Director of Debt Management Programme, Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), Harare

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Contents

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Introduction

1 The Political Economy and Evolution of Development Policy in Zimbabwe

George Kararach, Raphael O. Otieno, and Tiviniton Makuve

Part I Overview of the Crisis

Part II Productive Sector Performance

5 Experiences in the Zimbabwe Hotel Industry during Hyperinflation

Miriam Mugwati, Doreen Nkala, and Eukeria Mashiri

6 The Impact of Hyperinflation on the Agriculture Sector

Brighton Shayanewako, Elson Chuzu, and Adonis Tafirenyika Ntuli

Part III Banking, Capital Markets, and Financial Services

Part IV Monetary Policy and Public Financial Management

11 Zimbabwe Monetary Policy, 1998–2012

Mark J. Ellyne and Michael R. Daly

12 Relegating the Core Business

Leonard Mandishara and David Mupamhadzi

Part V Social Dimensions of the Crisis

Part VI Concluding Remarks

End Matter