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Book chapter |
| Title: | Globalization, structural adjustment and the social dimensions dilemma in Zimbabwe, 1990-1999 |
| Authors: | Mlambo, Alois S. Pangeti, Evelyn S. |
| Book title: | Globalization, democracy and development in Africa: challenges and prospects |
| Year: | 2001 |
| Pages: | 163-177 |
| Language: | English |
| Geographic term: | Zimbabwe |
| Subject: | economic policy |
| Abstract: | The economy of Zimbabwe has performed very badly under the IMF/World Bank-sponsored Economic Structural Adjustment Programme (ESAP) adopted in 1990. This has eroded both the economic and social gains of the period before reform and worsened the condition of the poor. The social costs of adjustment arose mainly from the poor performance of the economy during the reform period. Moreover, structural adjustment has undermined prospects of, and progress towards, economic growth and development, and destroyed Zimbabwe's industrial base. Unless this trend is arrested and reversed, Zimbabwe risks being severely marginalized in the globalizing world economy. Bibliogr. [ASC Leiden abstract] |