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About: Economic history of Zimbabwe     Goto   Sponge   NotDistinct   Permalink

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The Economic History of Zimbabwe began with the transition to majority rule in 1980 and Britain's ceremonial granting of independence. The new government under Prime Minister Robert Mugabe promoted socialism, partially relying on international aid. The new regime inherited one of the most structurally developed economies and effective state systems in Africa. In 2000, the government imposed a land reform program to seize white-owned farms which caused the economy to shrink along with mismanagement, corruption and political instability.