We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Macroeconomics: Inflation Rates in Zimbabwe Under President Robert Mugabes Rule - Term Paper Example

Comments (0)
The history of Zimbabwe dates back to the English Colony of Rhodesia. Zimbabwe is ruled by its President Robert Mugabea. Though the country has been under his rule for the past many years,…
Download full paper
Macroeconomics: Inflation Rates in Zimbabwe Under President Robert Mugabes Rule
Read TextPreview

Extract of sample
Macroeconomics: Inflation Rates in Zimbabwe Under President Robert Mugabes Rule

Download file to see previous pages... Hyper Inflation is the economic situation in Zimbabwe during Mugabea’s rule. It was in early 21st century that Zimbabwe started facing the problem of uncontrollable inflation. Hyperinflation was started reporting with an inflation rate of 623% in 2004. The next record was made when the inflation rate of the country crossed 1000% in the year 2006. IMF said that Zimbabwe has suffered the highest inflation in the world. By 2007, the inflation rate of the country has crossed the 3000% mark. Inflation rate was continuing in an uncontrollable manner in the country. In May 2007, Zimbabwe reported an inflation rate of above 3700%. The rates were at an upward trend since then. With an inflation rate of 231,150,888.87%, Zimbabwe’s economy surprised the whole world. “By March [2006], inflation had touched 914 percent a year, at which rate prices would rise more than tenfold in 12 months.” (“How bad is inflation in Zimbabwe”, 2006) Inflation rate was not seemed to be stable at a particular rate; instead it was surging year on year.
The main reason for hyperinflation in Zimbabwe is the poor monetary policy of the government. The growth in the money of the country was not supported by corresponding growth in the output of goods and services. Apart from all these factors the central bank still kept on printing more money, thereby increasing the inflation further. “Zimbabwe’s hyper-Inflation is a result of the monetary authority irresponsibly borrowing money to pay all its expenses and funding quasi-fiscal activities (which are normally left to Central Government).” (Muponda, 2009) A study shows that it is not the drought or foreign country interruption that destroyed the country’s economy, but misrule by President Mugabea. (Clemens & Moss, 2005) The government was also following a fixed exchange rate policy. Also the government intervention and regulations were higher in Zimbabwe, making it non-conducive for business activity. Reduced ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Macroeconomics Inflation and Unemployment Exchange Rate and Open Economy
This is in terms of the quality of life led by the citizens. Some critics however have found that the use of national income data is not 100 percent reliable indicator of standard of life (Miller, 2011). The business cycles in an economy would influence standard of living.
3 Pages(750 words)Term Paper
Economic Life of India Under colonial Rule 1858-1947: Textile Industry
The continued exploitation of Indian resources in the textile industry shattered the industry, massively affecting the Indian economic status. In other words, the British rule led to de-industrialization of the Indian textile industry, which eventually resulted in high unemployment rates, low income, poverty, and hunger among the Indian population.
7 Pages(1750 words)Term Paper
HIV Treatment in Rural Zimbabwe
Since the search for the cure is still ongoing, the only method that the health departments worldwide are employing is prevention and management of the disease. In Zimbabwe for instance, the fight against HIV and AIDS faces unique challenges because of culture, and the economic situation evident among the population.
4 Pages(1000 words)Term Paper
Macroeconomics Theory
The BOP consists of two accounts; the capital account and the current account. The capital account records all the transactions between the resident of a country and the rest of the world whereas the current account records imports and exports of tangible goods and intangible services along with the unilateral transfers.
5 Pages(1250 words)Term Paper
To have an imperative explanation of the concept, it is prudent to define the unembellished concept ‘Foreign Direct Investments.’ It refers to the process whereby the populace of a country acquires the full control and ownership of assets with the sole purpose of controlling production, distribution and other activities of a firm in another country.
10 Pages(2500 words)Term Paper
Inflation and Debt
The paper also discusses Cochrane’s key claim and comments on that key claim. It asserts that on balance, there is some weight to the argument of Cochrane relating to the threat of inflation from sustained fiscal deficits and loss of lender confidence in American debt leading to the government needing to fund deficits by printing dollar.
10 Pages(2500 words)Term Paper
The Economists Dictionary of Economics describes Macroeconomics as "The study of whole economic systems aggregating over the functioning of individual economic units. It is primarily concerned with variables which follow systematic and predictable
7 Pages(1750 words)Term Paper
A small list includes the national defense, space exploration, health care, farm subsidies, veterans’ affairs, FBI, CIA, HUD, FDA, EPA, on and on. If Congress spends more than is
6 Pages(1500 words)Term Paper
Since 2007, the world has experienced a severe recession, and many of the world’s economies has witnessed their citizens being unemployed. Corporations are firing people and getting rid of
7 Pages(1750 words)Term Paper
Pfizer Macroeconomics
When GDP is high in the countries that Pfizer pharmaceuticals supply their products, the result is that the demand will be high as the people have better living standards. It is with no doubt that the
2 Pages(500 words)Term Paper
Let us find you another Term Paper on topic Macroeconomics: Inflation Rates in Zimbabwe Under President Robert Mugabes Rule for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us