Sanctions or no sanctions economic reform can be
achieved. Zimbabwe formerly Rhodesia performed quite well under a sanctioned
environment. It was self sufficient and largely avoided the impact of the
embargo. Self sustainability this time
could enhance the lives of the majority rather than a few minorities.
This week, I took the liberty to explore various
steps in which the Zimbabwean economy could take on an eventual recovery scheme:
Image courtesy of http://www.zimeye.org/wp-content/live_images/2010/07/tendai-biti.jpg
Firstly it is imperative that the country’s leaders
reach consensus on important political matters. From this realisation, credit
lines will open up and debt may be cancelled to encourage the state’s fiscus to
grow.
Secondly, a moral boost for the people directly
affected by the economy would be significant. To benefit from ‘within’ government
policies should be ‘without’ oriented. Investment opportunities in natural
resources should be increased as diamonds revenue is expected to rack in excess
of US$600million annually.
A complete
overhaul of the financial sector is needed, with the employment of the Diasporan
community which for over a decade acquired immense skill in all sectors of the
economy in countries such as South Africa and Australia.
Salaries which have been at the height of disputes
between the Finance Ministry and civil service will increase thereby motivating
the populace.
By then the economy will be following in the
footsteps of market driven economies like Canada.
All this can take place in a matter of 5years if the
leadership adopts all available means to ensure all citizens are satisfied
within and without Zimbabwe’s borders.
No comments:
Post a Comment