From Bust to Boom: The Emerging Economy 2004 to 2017 and Beyond
From Bust to Boom: The Emerging Economy 2004 to 2017 and Beyond
Author(s): Alexander MauneSubject(s): Economy, Supranational / Global Economy, Business Economy / Management
Published by: ASERS Publishing
Keywords: economic growth; bust; boom; economic development; emerging economy;
Summary/Abstract: This article examines the Zimbabwean economy from 2004 to 2017 and beyond through an interpretivism paradigm. The article seeks to provide an in depth analysis of the country's economic performance during the period under review. An inductive and deductive approach informed the article. A literature review was conducted with secondary data collected from peer reviewed journal articles, central bank reports, World Bank development indicators and government documents. Relevant literature was collected using academic databases as well as search engines. The findings showed a rapid economic decline from 2004 to 2008 due to both macroeconomic challenges and political factors. The economic decline of 2004 to 2008 led to the period of moderate growth between 2009 and 2013. Many factors both internal and external have accounted for the moderate growth period. Some of these factors included fiscal, monetary as well as political. The period 2014 to 2017 and beyond is being underpinned by an economic blueprint named the Zimbabwe Agenda for Sustainable-Economic Transformation drawn in line with the African Union Agenda 2063 as well as the new economic dispensation under the new government. The findings from this article will assist policy formulation, policy implementation and further future research. This article, however, is of importance to government, the private sector and the academia.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XII/2017
- Issue No: 54
- Page Range: 2309-2324
- Page Count: 16
- Language: English