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The government propagated a whole range of new economic policies, introducing a minimum wage and virtually eliminating the right to fire workers. [9] Total spending on education nearly tripled (from Z$227.6 million to Z$628.0 million), as did government spending on healthcare (from Z$66.4 million to Z$188.6 million), between 1979 and 1990. [8]
Zimbabwe has also sustained the 30th occurrence of recorded hyperinflation in world history. [27] Government spending is 29.7% of GDP. State enterprises are strongly subsidized. Taxes and tariffs are high, and state regulation is costly to companies. Starting or closing a business is slow and costly. [28]
Singapore topped the global ranking on the ease of doing business for the seventh consecutive year, followed by Hong Kong SAR; New Zealand; the United States; and Denmark. Georgia was a new entrant to the top 10. In 2014 Doing Business covered regulations measured from June 2012 through May 2013 in 189 economies. Singapore was the first economy ...
On March 9, 2008, Zimbabwe's president, Robert Mugabe, signed the Indigenisation and Economic Empowerment Bill into law. The bill was passed through parliament in September 2007 by President Mugabe's party, the Zimbabwe African National Union-Patriotic Front (ZANU-PF), in spite of resistance by the opposition party, Movement for Democratic Change (MDC).
Pages in category "Economic history of Zimbabwe" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes. ...
The name "Zimbabwe" stems from a Shona term for Great Zimbabwe, a medieval city in the country's south-east.Two different theories address the origin of the word. Many sources hold that "Zimbabwe" derives from dzimba-dza-mabwe, translated from the Karanga dialect of Shona as "houses of stones" (dzimba = plural of imba, "house"; mabwe = plural of ibwe, "stone").
History of Zimbabwe (Oxford University Press, 2014) Raftopoulos, Brian & Alois Mlambo, Eds. Becoming Zimbabwe. A History from the Pre-colonial Period to 2008 (Weaver Press, 2009). ISBN 978-1779220837; Scarnecchia, Timothy. The Urban Roots of Democracy and Political Violence in Zimbabwe: Harare and Highfield, 1940-1964 (Rochester University ...
In May 2005 the government began Operation Murambatsvina. It was officially billed to rid urban areas of illegal structures, illegal business enterprises, and criminal activities. In practice its purpose was to punish political opponents. The UN estimates 700,000 people have been left without jobs or homes as a result.