Publication
Shaking Out or Shaking In: The Impact of Zimbabwe’s Economic Crisis on the Country’s Manufacturing Sector Allocative Efficiency
Following Zimbabwe's economic crisis between 1997 and 2009, a number severe policy reversals from the achievement of reforms and a more competitive manufacturing sector attained through the 1991 to 1995 IMF/World Bank supported Economic Structural Adjustment Programme, were instituted by the country's authorities in their quest to rescue the crisis. These included selective credit, selective foreign exchange allocation and at worst directed marketing of basic commodities at the height of the crisis. These firm and industry specific interventions complemented the already existing crisis induced idiosyncratic shocks on industry and firms.
Jan 2019