Reasons for Zimbabwe's Economic Decline

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Several decades ago, Zimbabwe was a country with good prospects, being the most rapidly developing African country. Nevertheless, few countries in Africa managed to continue prospering in XXI century, but Zimbabwe did not. Zimbabwean economy lies at the bottom of GDP ratings, faced one of the largest rates of hyperinflation in common history and does not develop due to corrupt administration and insufficient policy. Moreover, the Reserve Bank of Zimbabwe is responsible for printing money for government spending while Zimbabwean people are dying as a cause of famine, venereal diseases and poverty. To solve mentioned problems, Zimbabwe accepts aids from other countries, but according to statistics, aids cause negative effect on country’s political situation. This paper will briefly explore historical background of Zimbabwe, will evaluate governmental programs and accommodate statistics on current situation in the State.

Zimbabwe is situated in the Southern part on Africa, between the Zambezi and Limpopo rivers. In 1899, the United Kingdom started to observe these lands in terms of Cecil Rhodas’s British South Africa company, since then Zimbabwe was known as ‘Rhodesia’. In 1965, the prime-minister of Zimbabwe, Ian Smith, proclaimed country’s independence from Britain, but this fact was not repudiated. On 1st June 1979, in the result of elections, the United African National Council party won a majority of votes and the leader of this party, Abel Muzorewa, after becoming country’s prime-minister changed the name of ‘Rhodesia’ to Zimbabwe-Rhodesia. On 1 December 1979, delegations from the British and Rhodesian governments and the Patriotic Front signed the Lancaster House Agreement, ending the civil war and proclaiming the independenc...

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...frican region has largest number of people suffering from HIV and AIDS, nation cannot even rely on their own government because it is fully sank in corruption.

Works Cited

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