Tuesday, April 9, 2013

Zimbabwe Economy Makes Amazing Recovery

The Washington-based Cato Institute published on 18 March 2013 a fascinating study of Zimbabwe's economy titled "Zimbabwe: Why Is One of the World's Least-Free Economies Growing So Fast?"  The author, Craig J. Richardson, an associate professor of economics at Winston-Salem State University in North Carolina, points out that between 2009 and 2011, Zimbabwe's GDP growth averaged an impressive 7.3 percent.  This follows a negative GDP per capita growth rate from 2002 through 2008 and hyperinflation prior to 2009. 

Richardson also compares Zimbabwe's performance to Africa's "Lion Kings": Angola, Chad, Ethiopia, Mozambique, Nigeria and Rwanda. 

1 comment:

  1. Thanks for posting this paper. I look with interest towards learning more about your work.

    -Craig Richardson