National Economic Collapse and Revival; the case of Zimbabwe

Abstract

From 2004-2009 Zimbabwe suffered one of the most serious hyperinflation in world history, which eventually forced the country to abandon its currency, the Zimbabwean dollar, and adopt the US dollar and the South African rand as official currencies.

There were a number of reasons that led to the collapse of the Zimbabwe economy as the country experienced a dramatic rise in hyperinflation through the years. The reasons, which ruined one of Africa’s most prosperous economies, were, among other things, fiscal indiscipline, civil unrest and an unstable political environment. This led to millions of Zimbabweans living the country to find greener pastures somewhere across the globe, leaving the country without enough educated, qualified personnel to run public and private sectors of the economy.

In this thesis we examine why the Zimbabwean economy collapsed, and the little that has been done to revive it and also comparing it to theory. The methodology used in this re-search project will be qualitative, and will rely on academic internet sources, textbooks, newspapers, informal discussions, questionnaires and knowledge from previous experiences. The conclusion is that the Zimbabwean economy is gradually improving beside the long suffering of its people .There is the possibility for a bright future, if resources are managed more efficiently, but this will take time.