Critically assess Zimbabwe's present economic recovery and reform programmes. In your opinion, what are their chances of success?

Introduction: Zimbabwe is facing a huge economic crisis that is worsening living standards by the day and a decline in industrial growth. Unemployment is now one of the highest in the world, running at 50% against an annual population growth of 3%, mainly because of inadequate sustainable job creation activities in the market. The rampant unemployment has given rise to the worsening abject poverty, rising crime levels, falling quality of life and standards of living, as well …

…for the populace. Consequently, economic decline has resulted in widespread political discontent and disaffection with the present regime. As political tensions have reached a political impasse, there are concerns that Zimbabwe's economy is on the brink of total collapse. As the Kadoma Declaration observes, without the assistance of development partners, it is difficult to revive the economy. While the rest of the world may not need Zimbabwe, Zimbabwe certainly needs the rest of the world.