...UNDERSTANDING REFORM: THE CASE OF ZIMBABWE A RESEARCH PROPOSAL SUBMITTED TO GLOBAL DEVELOPMENT NETWORK BY Dr.TAKAWIRA MUMVUMA ECONOMICS DEPARTMENT UNIVERSITY OF ZIMBABWE P.O. BOX MP167 MT PLEASANT HARARE Tel 303211 ext 1301 E-mail: mumvuma@sociol.uz.ac.zw or tmumvuma@mdpesa.org Mr. CHARLES MUJAJATI DEPUTY DIRECTOR-ECONOMICS MINISTRY OF FINANCE & ECONOMIC DEVELOPMENT FISCAL & ECONOMICS DEPARTMENT PRIVATE BAG 7705 CAUSEWAY HARARE E-mail: cmujajat@mweb.co.zw Mr. BERNARD MUFUTE MANAGER: ECONOMIC RESEARCH & POLICY INTERVENTION CONFEDERATION OF ZIMBABWE INDUSTRIES P.O. BOX 3794 HARARE E-mail: bmufute@czi.co.zw 1 CONTENTS LIST 1 Introduction 2 Pre-Reform Policy Regime 3 An Overview of Major Economic Reforms in Zimbabwe 3.1The Economic Structural Adjustment Programme (ESAP): 1991-1995 3.1.1 Trade Liberalization 3.1.2 Domestic Deregulation 3.1.3 Financial Sector and Monetary Policy Reform 3.1.4 Fiscal Policy and Tax Reform 3.1.5 Labour Market Reform 3.1.6 Public Enterprise Reform 3.2 Zimbabwe Programme for Economic and Social Transformation (ZIMPREST): 1996-2000 3.3 Millenium Economic Recovery Programme (MERP): 2000-2002 4 An Overview of Major Political Reforms in Zimbabwe 5 The Research Problem 6 Justification of the Study 7 Research Objectives 8 Research Questions 9 Hypotheses 10 The Conceptual Framework 11 Research Methodology 11.1 Data Collection Methods 11.2 Basic Case Study Research Design 11.3 The Sample & Case Selection Method 12 Research Launching Seminars 13 Consultative...
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...CHUPICAL SHOLLAH MANUEL Development is an elusive concept to define. It is not simply an increase in the Gross Domestic Product (GDP). It is rather multidimensional and there are no universally accepted approaches which can work as a utility and panacea for development. Development encompasses the advancement of agriculture, village and cottage industries, the socio-economic infrastructure, human resources, community services, human rights and the political environment. Phenomenally, development is the end result of the interactions between various physical, technological, economic, social, cultural and political institutional factors (Singh, 1999). The thrust of this paper is however, not on definition of terms but a chronicle of the modernization theory, its basic tenants and its critical appreciation in the development context of the third world countries. In development discourse the modernization movement of the 1950s and 1960s is an economic theory that is rooted in capitalism. The concept of modernization incorporates the full spectrum of the transition and drastic transformation that a traditional society has to undergo in order to become modern (Hussain et al., 1981). Modernization is about Africa following the developmental footsteps of Europe. According to modernity, policies intended to raise the standard of living of the poor often consist of disseminating knowledge and information about more efficient techniques of production. The modernization theory assumes...
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...IMF and World Bank is not enough. We need to break the power of the big banks that carry out the same exploitative policies as the IMF and World Bank do in relation to the less developed world.”- CWI, socialistworld.net Introduction Marginalization can be defined as the process in which groups of people are excluded (marginalized) by the wider society. Marginalization is often used in an economic or political sense to refer to the rendering of an individual, an ethnic or national group, or a nation-state powerless by a more powerful individual (ask.com, 2014). The process whereby something or someone is pushed to the edge of a group and accorded lesser importance. This is predominantly a social phenomenon by which a minority or sub-group is excluded, and their needs or desires ignored (Businessdictionary.com, 2014). As per UNLDC report, a number of countries are being marginalized on the basis of economic exploitation (Table 1). Why World Bank programs fail? According to Johnson & Sheehy, a majority of World Bank loan and grant recipients do not ave significant level of economic freedom (Table 2) and such nature prevents countries to utilize the loan or grant. • Of the 60 long-term recipients of World Bank aid, 37 have economies that are “mostly not free” or “repressed. • Only 23 long-term recipients of World Bank aid have economies that are “mostly free” and none have economies that are “free” (Table 2) Those recipients that have performed particularly poor are...
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...Electricity Supply Authority (ZESA) evolved since 2000. It will also look at the strategic nightmares encountered, which led to making certain decisions and initiatives. It will analyse some of the strategies adopted and how they fit in line with the operating environment. The paper will look at background of ZESA, the general operating environment, the strategic choice taken and proffer possible advice which is not a panacea but offers pointers on how to lead change in a turbulent environment. In 1991, the Government of Zimbabwe adopted a public enterprise reform strategy as part of a World Bank driven Economic Structural Adjustment Programme (ESAP). For the electricity sector, the Government adopted a two-pronged programme of reform a performance improvement programme (PIP) for the national utility, the Zimbabwe Electricity Supply Authority (ZESA), and a legal and regulatory reform programme for the electricity sector in general. Ten years later, significant success has been achieved in improving the utility’s performance in technical operations and customer service. However, there has been very little progress on the legal and regulatory front. This has adversely affected the utility’s financial performance, as well as frustrating the Government’s efforts in attracting private sector investment. The Zimbabwe Electricity Supply Authority (ZESA) provides the bulk of electricity generated, transmitted, distributed and supplied in Zimbabwe. It is a statutory corporation established by...
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...have become. You may be gone but you are never over! 2 ACRONYMS ADB Asian Development Bank CSO Central Statistics Office DESA Department of Economic and Social Affairs Statistics Division ESAP Economic Structural Adjustment Programme FPL Food Poverty Line HDL Human Development Index MPSLSW Ministry of Public Service, Labour and Social Welfare NGO Non-Governmental Organizations PASS Poverty Assessment Study Survey PDL Poverty Datum Line PICES Poverty and Income Expenditures Survey PRD Parliament Research Department PRFT Poverty Reduction Forum Trust TCPL Total Consumption Poverty Line UNDP United Nations Development Programme UNICEF United Nations Children’s Fund UNESASD United Nations Economic and Social Affairs Statistic Department UN-Habitat United Nations Human Settlement Programme USA United States of America Zimstat Zimbabwe National Statistics Agency 3 Abstract The study focused on identifying, measuring and assessing the nature and extent of impacts of urban absolute poverty on young women in Epworth. This was made possible through documenting the meaning of poverty. To achieve its objectives, the study used interviews and questionnaires as research instruments in relation to the triangulation of qualitative and quantitative research methods respectively in this research. The Structural School of Thought and the Capability Approach were triangulated...
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...specialists rationalize how to commit economic resources to development is influenced, to a greater extent by their level of persuasion towards specific development theories. The discourse assesses the influence of modernization and dependency theories on Africa’s development. The conclusion is that both theories have failed to help develop Africa. The discourse pins hope on the African Renaissance theory of development. Key words: Modernization, dependency, rural underdevelopment, African renaissance. INTRODUCTION Africa houses plentiful economic resources. Paradoxically, the continent languishes in poverty as evidenced by high prevalence of famine, disease and ignorance (Buthelezi, 2007). This presentation attributes the poverty to theories of development because the way society deals with underdevelopment is influenced by development theories. The presentation assesses the effect of modernity and dependency theories on Africa’s development and concludes by recommending the adoption of the African Renaissance theory to Africa’s development. In this presentation, development is viewed as a gradual transition of society to a strong socioeconomic status. In a sense, development entails an improvement in quality of human life. Some of the indicators of a good quality of life are low infant mortality rate and a longer life expectancy. THE MODERNISATION THEORY OF DEVELOPMENT The modernization the movement of the 1950s and 1960s is an economic theory that...
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...societies (e.g. CABS, CBZ building society, FBC building Society etc), the People’s Own Savings Bank (POSB), insurance companies (e.g ZIMNAT, NICOZ DIAMOND, Old Mutual, First Mutual, Nyaradzo), pension funds (e.g Allied workers pension fund, NRZ pension fund), asset management companies (Imara and Edwards), developmental financial institutions, the Zimbabwe Stock Exchange (ZSE), microfinance institutions (e.g MicroKing) and money transfer agencies (e.g Western Union, Moneygram, Homelink). Discount and finance houses have closed and their functions taken by commercial and merchant banks. The growth of the financial services sector is largely attributed to the financial liberalization of the early 1990s, through the Economic Structural Adjustment Programme (ESAP). 2. Structure of the banking sector Number of operating banking institutions (including POSB) declined to 25 from 26 following the voluntary surrender of a banking license by Genesis Investment Bank whilst one merchant bank (Renaissance) converted into a commercial bank. |TYPE OF INSTITUTION |2003 |2008 |2009 |2010 |2011 |2012 | |Commercial Banks |13 |15 |17 |15 |17 |18 | |Merchant Banks |5...
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...Strength. Momentum. Connectivity. 2011 ANNUAL REPORT BUILDING A BANK OF GLOBAL QUALITY WITH A REGIONAL FOCUS WHO WE ARE AND WHERE WE OPERATE OUR PROGRESS ANZ‘s ANZ‘s history of expansion and growth stretches over 175 years. We have a strong franchise in Retail, Commercial and Institutional banking in our home markets of Australia and New Zealand and we have been operating in Asia Pacific for more than 30 years. ANZ ANZ is the only Australian bank with a clearly articulated strategy to take advantage of Australia and New Zealand’s geographic, business and and cultural linkages with Asia, the fastest growing region in the world. Today, ANZ operates in 32 markets globally. We are the third largest bank in Australia, the largest banking group in New Zealand and the Pacifi Pacific, and among the top 50 banks in the world. OUR SUPER REGIONAL STRATEGY We We articulated our super regional strategy in late 2007. The rationale behind our strategy is simple – to deliver shareholders long-term growth and differentiated returns through connectivity with the growth markets of Asia – returns we do not believe to be available through a domestic-only strategy. Our aspiration is for Asia Pacific, Europe & America sourced revenues to drive drive between 25 and 30% of Group earnings by the end of 2017. Connectivity Connectivity is at the heart of ANZ’s strategy by being part of the growth within Asia and supporting the increasing trade, investment ...
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...2014 ANNUAL REPORT Australia and New Zealand Banking Group Limited ABN 11 005 357 522 This Annual Report (Report) has been prepared for Australia and New Zealand Banking Group Limited (“the Company”) together with its subsidiaries which are variously described as: ”ANZ”, “Group”, “ANZ Group”, “the Bank”, “us”, “we” or “our”. ANZ ANNUAL REPORT 2014 ANZ IS EXECUTING A FOCUSED STRATEGY TO BUILD THE BEST CONNECTED, MOST RESPECTED BANK ACROSS THE ASIA PACIFIC REGION WHO WE ARE AND HOW WE OPERATE ANZ’s history of expansion and growth stretches over 175 years. We have a strong franchise in Retail, Commercial and Institutional banking in our home markets of Australia and New Zealand and we have been operating in Asia Pacific for more than 30 years. Today, ANZ operates in 33 countries globally. We are the third largest bank in Australia, the largest banking group in New Zealand and the Pacific, and among the top 20 banks in the world. ANZ is building the best connected, most respected bank across the Asia Pacific region. The strategy has three key elements – strong domestic markets, profitable Asian growth and an enterprise wide approach to operations and technology. Our strategy is based on the belief that the future of our home markets of Australia and New Zealand are increasingly linked to the fast growing region of Asia through trade, capital and wealth flows. We also believe that people want a bank that understands their specific needs, and increasingly...
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