Saturday, June 30, 2007
The Zimbabwe Situation
What started as a political project (namely, the land reform) mutated into an economic crisis rendering the Zim dollar into a worthless currency. In fact, economic crisis in Zimbabwe display in part what is termed stagflation. In definition, stagflation is high inflation coupled with high levels of unemployment. During a talk show on KayaFm presented by John Perlman, one caller suggested that the solution to the Zimbabwe problem will not come from Mbeki or ZanuPF-MDC negotiation but from a negotiation process that will include ZanuPF, MDC and Britain.