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Economy, Government Role in the Economy

central features, IMF, government control, private industry, railways

Much of the economy of Rhodesia after 1965 was state-run, with state ownership of power and railways being the central features. Immediately after independence in 1980, the new government declared itself to be socialist. State ownership was extended to the financial sector, and public subsidies for food and housing were adopted. However, the government protected the private commercial farming sector and private industry. Since the IMF imposed a structural adjustment package on Zimbabwe in 1991, the government’s role in the economy has been reduced, with food subsidies being removed and government control over the currency’s exchange rate lifted.



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central features, IMF, government control, private industry, railways, Zimbabwe, financial sector, independence, new government, housing

 
 

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