Economic inclusion in crisis: Challenges and opportunities for policy reform in Zimbabwe

Zimbabwe's economic crisis, characterised by hyperinflation, currency instability, and high unemployment, has deepened due to COVID-19, disrupting livelihoods and heightening poverty. The government's reform agenda aims to stabilise the economy, attract investments, and improve social protection, yet faces challenges including political resistance and institutional deficits. This paper investigates policy reform challenges and opportunities, emphasising economic inclusion as a catalyst for equitable access to economic opportunities, fostering social cohesion, and boosting competitiveness. Utilising qualitative methods, it assesses the role of policies in enhancing access to assets, markets, and social safety nets. The paper advocates for stabilisation measures to curb inflation and currency volatility, increased financial access for small businesses, trade policy reforms for market integration, strengthened social protections, and educational investments to match economic demands. It synthesises best practices from global economic inclusion strategies across sectors like agriculture and industry. Concluding with recommendations, the study underscores inclusive policies as pivotal for Zimbabwe's Vision 2030 and National Development Strategy, advocating for synergy between inclusive growth and sustainable development.

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Publication Details

Journal
African Journal of Inclusive Societies
Published
2024-10-31
DOI
https://doi.org/10.59186/si.4uj2srmf
Citations
5
Primary Topic
African studies and sociopolitical issues
Type
article
Field-Weighted Citation Impact
5.66
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article

Economic inclusion in crisis: Challenges and opportunities for policy reform in Zimbabwe

Abednico Siambombe, Matora Hupile
5 citations
African Journal of Inclusive Societies
African studies and sociopolitical issues
5.66
article

Economic inclusion in crisis: Challenges and opportunities for policy reform in Zimbabwe

Abednico Siambombe, Matora Hupile
article en
5 citations

Abstract

Zimbabwe's economic crisis, characterised by hyperinflation, currency instability, and high unemployment, has deepened due to COVID-19, disrupting livelihoods and heightening poverty. The government's reform agenda aims to stabilise the economy, attract investments, and improve social protection, yet faces challenges including political resistance and institutional deficits. This paper investigates policy reform challenges and opportunities, emphasising economic inclusion as a catalyst for equitable access to economic opportunities, fostering social cohesion, and boosting competitiveness. Utilising qualitative methods, it assesses the role of policies in enhancing access to assets, markets, and social safety nets. The paper advocates for stabilisation measures to curb inflation and currency volatility, increased financial access for small businesses, trade policy reforms for market integration, strengthened social protections, and educational investments to match economic demands. It synthesises best practices from global economic inclusion strategies across sectors like agriculture and industry. Concluding with recommendations, the study underscores inclusive policies as pivotal for Zimbabwe's Vision 2030 and National Development Strategy, advocating for synergy between inclusive growth and sustainable development.

African Journal of Inclusive SocietiesVol. 4
Openalex Percentile: Top 4%
African studies and sociopolitical issues
5.66
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Economic inclusion in crisis: Challenges and opportunities for policy reform in Zimbabwe — Abednico Siambombe, Matora Hupile · African Journal of Inclusive Societies (2024) | TGRS Research Map | TGRS