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    ZIMBABWE

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    nicolechristine.gluda
    The document provides a brief history of Zimbabwe, from early inhabitants like the San people to British colonization and independence under Robert Mugabe in 1980. It then discusses Zimbabwe's mixed economy, noting it was once wealthy but now suffers from high unemployment, poverty, and hyperinflation due to government corruption and overspending.

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    ZIMBABWE

    Uploaded by

    nicolechristine.gluda
    11 views1 page
    The document provides a brief history of Zimbabwe, from early inhabitants like the San people to British colonization and independence under Robert Mugabe in 1980. It then discusses Zimbabwe's mixed economy, noting it was once wealthy but now suffers from high unemployment, poverty, and hyperinflation due to government corruption and overspending.

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    The document provides a brief history of Zimbabwe, from early inhabitants like the San people to British colonization and independence under Robert Mugabe in 1980. It then discusses Zimbabwe's mixed economy, noting it was once wealthy but now suffers from high unemployment, poverty, and hyperinflation due to government corruption and overspending.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    11 views1 page

    ZIMBABWE

    Uploaded by

    nicolechristine.gluda
    The document provides a brief history of Zimbabwe, from early inhabitants like the San people to British colonization and independence under Robert Mugabe in 1980. It then discusses Zimbabwe's mixed economy, noting it was once wealthy but now suffers from high unemployment, poverty, and hyperinflation due to government corruption and overspending.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    BRIEF HISTORY

    As early as 200 B.C. the San people are believed to have first inhabited the country.
    The Bantu domination and the Shona people came, followed by the Nguni and Zulu
    tribes. In the mid-19th century, the descendants of the Nguni and Zulu tribes called
    the Ndebele established their own kingdom in the country.
    In 1850, the British came and conquered the country making it their colony. They
    named the country Rhodesia after Cecil Rhodes of the British South Africa
    Company. Soon it became Southern Rhodesia and in 1923, the European settlers of
    the country voted to become a self-governing colony of the British. In 1963 after the
    World War II, Northern Rhodesia and Nyasaland voted for independence while
    Southern Rhodesia chose to still remain as a colony.
    After 2 years, the white minority of Rhodesia declared the country’s independence
    from Britain and in 1970, Rhodesia formally became a republic. In 1978, the White
    Minority agreed to transfer power to the Black Majority, though Smith will still act as
    the country’s Prime Minister.
    After 2 years, in the year 1980, the White Minority decided to hold a multiracial
    election to settle national issues. As expected, the Black Majority won by the name
    of Robert Mugabe who won a landslide victory. In April 17, 1980, the country
    celebrated its independence and changed its name to Zimbabwe.
    ECONOMIC SYSTEM
    Zimbabwe has a mixed economy in which there is limited private freedom, but the
    economy remains highly controlled by the government. Its economy was once the
    richest and freest in Africa. However, in the past decades, the country’s economic
    status has worsened and lead to an epic economic downfall that the country has
    been experiencing up until today. Several factors have caused this happening, but
    facts and figures as well as the people point the finger to the government.

    The economy of Zimbabwe now suffers from high unemployment rate (95%), poverty
    (almost 70% of the population below poverty line), hyperinflation (14% inflation rate)
    and corruption in the government. This has started when the country was involved in
    the war in the Democratic Republic of Congo which cost their economy hundreds of
    millions of US dollars. Due to the huge budget deficit that the country faces, the
    Reserve Bank of Zimbabwe has routinely printed money to fund the said deficit
    leading to hyperinflation.
    REFERENCES:
    https://www.studycountry.com/guide/ZW-history.htm
    https://globaledge.msu.edu/countries/zimbabwe

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