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Crisis In Zimbabwe Essay

1223 words - 5 pages

A) A country that lost its access to the means of production was Zimbabwe. The means of production that was lost in this country was land and eventually raw materials that were being produced. Zimbabwe once exported food, but now requires massive food aid due to what happened under the presidents rule. Zimbabwe was once seen as Africa’s breadbasket. It was rich in raw materials as well as industrious farmland. Zimbabwe would grow all the food needed for its own people and had left over that they would then export. Agriculture was the mainstay of its economy. The farm sector employed thousands of workers. In addition to having a strong farm sector, Zimbabwe also had a refined manufacturing base and a strong banking division. The court system was very trusted by the people and there was low crime rate. The country had a secure rule of law which allowed owners to use their land to develop and build new businesses or even expand old ones. Because of all the security and trust in the country, all that led to a strong GDP growth. Even though it was successful it would not be protected from law and rules that would then be established.
President Robert Mugabe started to seize farms due to the notion of land reform. The best farms in turn were taken away and given to people who were not really willing to take care of them. There were huge differences in the farming regions after he started to distribute the land within the individuals in the country. In some areas of the country there were well kept commercial farms that made thousands of acres of cash crops whereas the others farms were crowded together and really small. Most of the commercial farms were owned by 4,500 white families and in contrast about 840,000 black farmers barely made a living out of the bunched up farms. The small farms tended to be in drier areas, even though they were adjacent to the commercial farms. In nearly all cases it turned out that the small farms were dry and the commercial farms were green and lavish. The reason there was a difference was because those who used commercial farms had incentives to keep them producing and I return were allowed to get funds for machinery and tools. In the small farms there were usually problems with overusing them and fighting over the rights since there were no property titles for those. Because of this, the president had to take action and in the end most of those small farms were seized and ended in the hands of his supporters and government officials. After the problem with the land reform the economy just kept going downhill. Primary industry started declining and many companies started to go out of business. The economy began to implode with increasing speed. Its economy was shrinking faster than any other in the entire world. Food shortages then went into effect and inflation was on the rise, the end result eventually being hyperinflation. Zimbabwe in return lost more than 99 percent of its real exchange value on its dollars with...

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