2015
DOI: 10.1080/02533952.2015.1069492
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Livelihood resilience in a hyperinflationary environment: experiences of people engaging in money-burning (kubhena mari) transactions in Harare, Zimbabwe

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Cited by 34 publications
(13 citation statements)
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“…At independence in 1980, Zimbabwe possessed one of the strongest economies in Africa, with large-scale investment inflows in domestic manufacturing and agriculture, and a GDP growth rate averaging 5.5 per cent from 1980 to 1990 (Kanyenze 2003). However, the adoption of the neoliberal Economic Structural Adjustment Programme (ESAP) prescribed by the IMF and the World Bank in the early 1990s exacerbated Zimbabwe's economic meltdown (Kanyenze 2003) and from the late 1990s, Zimbabwe confronted an unprecedented socioeconomic and political crisis (Gukurume 2015). This crisis accelerated due to the government's controversial policies, and poor macroeconomic and fiscal management (Magure 2012;Gukurume 2015).…”
Section: The Sme Sector In Zimbabwementioning
confidence: 99%
See 1 more Smart Citation
“…At independence in 1980, Zimbabwe possessed one of the strongest economies in Africa, with large-scale investment inflows in domestic manufacturing and agriculture, and a GDP growth rate averaging 5.5 per cent from 1980 to 1990 (Kanyenze 2003). However, the adoption of the neoliberal Economic Structural Adjustment Programme (ESAP) prescribed by the IMF and the World Bank in the early 1990s exacerbated Zimbabwe's economic meltdown (Kanyenze 2003) and from the late 1990s, Zimbabwe confronted an unprecedented socioeconomic and political crisis (Gukurume 2015). This crisis accelerated due to the government's controversial policies, and poor macroeconomic and fiscal management (Magure 2012;Gukurume 2015).…”
Section: The Sme Sector In Zimbabwementioning
confidence: 99%
“…However, the adoption of the neoliberal Economic Structural Adjustment Programme (ESAP) prescribed by the IMF and the World Bank in the early 1990s exacerbated Zimbabwe's economic meltdown (Kanyenze 2003) and from the late 1990s, Zimbabwe confronted an unprecedented socioeconomic and political crisis (Gukurume 2015). This crisis accelerated due to the government's controversial policies, and poor macroeconomic and fiscal management (Magure 2012;Gukurume 2015). It worsened in 2008, when Zimbabwe experienced a serious hyperinflation akin to the 1922-23 Germany inflation.…”
Section: The Sme Sector In Zimbabwementioning
confidence: 99%
“…Zimbabwe has experienced declining socio-economic conditions with consequent rising unemployment levels [11]. Whilst some sections of society have been able to cope through creative ways of generating income and employing various coping strategies [12,13], in general this decline has impacted negatively on the urban poor who rely on a steady source of income to meet their food security requirements. Such rapid changes make it difficult for families to properly provide for and feed their families [5].…”
Section: Introductionmentioning
confidence: 99%
“…(8) . Whilst some sections of society have been able to cope through creative ways of generating income (9,10) , in general this decline has impacted negatively on the urban poor who rely on a steady source of income to meet their food security requirements. Such rapid changes make it di cult for families to properly provide for and feed their families (5) .…”
Section: Introductionmentioning
confidence: 99%