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If you have any questions, you are always welcome to contact us. We'll get back to you as soon as possible, withing 24 hours on weekdays.
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All questions about your order, return and delivery must be sent to our customer service team by e-mail at yourstore@yourdomain.com
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Zimbabwe adopted the Bretton Woodstype reform strategy at the end of 1991. These reforms were targeted at achieving rapid and sustainable growth. Export expansion was at the center of the overall strategy and was predicated on a more efficient resource allocation system that entailed trade liberalization and improved international competitiveness of domestic production through increased inflows of foreign capital. This study explores the general equilibrium implications of the policy changes and also applies econometric analysis to test the longterm relationships between FDI, exports and growth. The results confirm that both FDI and exports cause growth. However, exports have a weak causal effect on growth. This result is explained by the fact that the inwardlooking policies that have been in place during the relevant period made export production a residual activity. The general equilibrium analysis reveals that combining tariff reductions and targeted investment incentives had a more desired effect on economic performance than separately applying such policies. This result strongly suggests the importance of policy complementarity.
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birth defects, or other reproductive harm.
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