CAUSES OF UNEMPLOYMENT IN ZIMBABWE
CAUSES OF UNEMPLOYMENT IN ZIMBABWE By Wilbert Masamba. Unemployment in Zimbabwe has largely been caused by political factors though other factors contribute at a lower level. Economic Structural Adjustment Program the 1990’s less developed countries adopted the Neo-liberal policies upon the advice of the World Bank and the IMF in order to stimulate economic growth by increasing free trade, privatization stiglizt (1994). This created an economic catastrophe in most countries. This is because local infant industries were exposed to stiff competition from other external industries. Therefore, most companies were forced to retrench or downsize at least to remain viable and profitable. For instance, In Zimbabwe the SAPs divested the economy as industries retrenched, lay off and others shut down due to competition from international players. ZCTU (1995) claimed that 55 000 jobs were lost by 1995, 22 000 public service employe...