Zim among ‘most repressed economies’

ZIMBABWE is the most repressed economy in sub-Saharan Africa and in the bottom five worldwide due to government intervention, policy inconsistency and corruption, according to the 2015 Index of Economic Freedom which, however, notes recent gains in monetary freedom and state spending.

The Source

The survey, put together by the conservative think-tank Heritage Foundation and the Wall Street Journal, ranked Zimbabwe at 175 out of the 178 countries in the survey ahead of Venezuela, Cuba and North Korea.

It is ranked below Burma, Lesotho and war-ravaged Central African Republic.

Launched in 1995, the index evaluates countries in four broad policy areas that affect economic freedom that are rule of law, limited government, regulatory efficiency and open markets.
“President Robert Mugabe’s government is corrupt and inefficient. The violent seizure of land has underscored poor government land reform policies and upset investor confidence in a once-vibrant agricultural sector,” reads the report.

The report noted that its overall score remains far below the world and regional averages.

“Zimbabwe’s economic freedom score is 37,6, making its economy the 175th freest in the 2015 index. Its score has increased by 2,1 points from last year, driven by a particularly large gain in the control of government spending and improvements in six other economic freedoms including trade freedom and fiscal freedom,” read the report.

It, however, noted that after the near economic collapse in the late 2000s, Zimbabwe has experienced five consecutive years of improvements in economic freedom.

“Over the past five years, economic freedom in Zimbabwe has improved by 15,5 points, the largest improvement of any nation. The biggest score gains have been in monetary freedom and the control of government spending,” read the report.

But it also noted that the labour market in Zimbabwe was one of the most restricted in the world and business licencing forces most workers to seek employment in the informal sector.

Hong Kong, Singapore, New Zealand, Australia, Switzerland, Canada, Chile, Estonia, Ireland and Mauritius make up the top 10 countries.

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3 Responses to Zim among ‘most repressed economies’

  1. edmore mbuzana mlambo January 30, 2015 at 12:25 pm #

    I think I understand why your paper is called the Independent. It is independent from realty and to quote an equally independent and nebulous institution and take it as the gospel truth.We are tired of that pro-white propaganda.

  2. ndu February 1, 2015 at 6:53 am #

    You bloody genius!It doesnt take a reseach specialist or a so called analyst to state with absolute authority what is so patently obvious.Zanu pf and kiffirnomic policies are a disastrous mixture and everyone in this system is responsible ..that means even the MDC have their own input takakuudzai kuti musa pinde mu inclusive mukainventa to ma excuse twekuti mu joine what later tuned out to be a joint ride in the zanu gravy train.Now just look at what we face now …makati save chii chacho nhai Save now we are really up against it whichever way you look at it pachato fiwa chete and let it be.Gov ika butcher 100 of us then kill 500 of theirs, make the country ungovernable and they will come to their senses

  3. Mutape February 2, 2015 at 9:26 am #

    So GNU has been responsible for our predicament in Zimbabwe? What hogwash! The powers-that-be know exactly what needs to be done to turn around this country`s economy. They can fast-track the the turn-around like they fast-tracked `land reform` but the political will is not there. But to everything there is a season. Watch this space.

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