Beneficiaries are actors too.pdf - Southern Institute of Peace ...
Beneficiaries are actors too.pdf - Southern Institute of Peace ...
Beneficiaries are actors too.pdf - Southern Institute of Peace ...
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7<br />
Zimbabwe's economic empowerment<br />
initiatives: A critical review<br />
Ronald Chipaike, Bindura University <strong>of</strong> Science Education,<br />
Zimbabwe<br />
Abstract<br />
Zimbabwe's empowerment efforts began in the 1980s with the<br />
redistribution <strong>of</strong> land under the willing-buyer-willing-seller<br />
method, which however proved unviable in the long run.<br />
Following on the inability <strong>of</strong> the willing-buyer-willing-seller<br />
strategy to effectively redistribute land, the government<br />
embarked on a fast track land reform programme in 2000 which<br />
redistributed land to a significant number <strong>of</strong> locals. Currently,<br />
the government is championing industrial indigenisation which it<br />
claims will benefit most people. This paper argues that the<br />
problem with all <strong>of</strong> Zimbabwe's empowerment initiatives is that<br />
they create wealth for a few and leave out the most deserving<br />
people. This creates conditions for economic and political<br />
instability. The paper holds that the solution to this problem is to<br />
channel funds to the informal sector and small business<br />
enterprises where most <strong>of</strong> the economically vulnerable groups<br />
have found economic refuge.<br />
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