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The government propagated a whole range of new economic policies, introducing a minimum wage and virtually eliminating the right to fire workers. [9] Total spending on education nearly tripled (from Z$227.6 million to Z$628.0 million), as did government spending on healthcare (from Z$66.4 million to Z$188.6 million), between 1979 and 1990. [ 8 ]
Socialism is an economic system characterised by social ownership and control of the means of production and cooperative management of the economy, and a political philosophy advocating such a system.
The economy of Zimbabwe is a gold standard based economy. Zimbabwe has a $44 billion dollar informal economy in PPP terms which translates to 64.1% of the total economy. [22] Agriculture and mining largely contribute to exports. The economy is estimated to be at $73 billion at the end of 2023. [23] The country has reserves of metallurgical ...
As economic growth declined in Zimbabwe, so did the labour absorptive capacity of the economy such that by 2004, four out of every five jobs in Zimbabwe were informalised, resulting in massive decent work deficits. Unemployment rates had remained below 10 per cent between 1982 and 2004. [5]
Racism in Zimbabwe was introduced during the colonial era in the 19th century, when emigrating white settlers began racially discriminating against the indigenous Africans living in the region. [1] The colony of Southern Rhodesia and state of Rhodesia were both dominated by a white minority, which imposed racist policies in all spheres of ...
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Zimbabwe also began to court other donors through its Economic Structural Adjustment Policies (ESAP), which were projects implemented in concert with international agencies and tied to foreign loans. [25] The diversion of farms for personal use by Zimbabwe's political elite began to emerge as a crucial issue during the mid-1990s. [34]
Social protection consists of policies and programs designed to reduce poverty and vulnerability by promoting efficient labour markets, diminishing people's exposure to risks, [2] and enhancing their capacity to manage economic and social risks, such as unemployment, exclusion, sickness, disability, and old age. [3]