This academic article, following previous individual research into Zimbabwe's trade situation, reveals that previous trade findings clearly show that international trade relations in Zimbabwe are in a dire state. There is therefore an urgent need to explore what steps Zimbabwe can take to reverse these unfavourable trade statistics. Therefore, through internet research carried out by various researchers exploring an almost similar scenario, plausible statistical results were obtained that indicate the direction Zimbabwe can take as a procedure to revive international trade. Although there is a wealth of literature on Zimbabwe's business culture, the renewal of international business status remains a relatively obscure view in academic research.
Inhaltsverzeichnis (Table of Contents)
- INTRODUCTION
- METHODOLOGY
- Trade Liberalization
- Globalisation
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This academic article examines the current state of Zimbabwe's international trade relations and explores potential strategies to reverse unfavorable trade statistics. The authors aim to provide a comprehensive overview of the challenges facing Zimbabwe's trade landscape and to identify actionable steps for improvement.
- The impact of trade liberalization on Zimbabwe's economy
- The role of globalization in shaping international trade dynamics
- The challenges and opportunities presented by Zimbabwe's trade statistics
- The need for effective policy interventions to promote international trade
- The importance of a balanced approach to trade liberalization and protectionism
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction provides a concise overview of international trade and its significance, outlining the key concepts and principles that underpin the analysis. It also highlights the urgent need to address Zimbabwe's unfavorable trade statistics.
The methodology section outlines the research methods employed in this study. The authors primarily relied on web searches and scholarly papers to gain insights into Zimbabwe's international trade performance.
The chapter on trade liberalization examines the impact of trade liberalization policies on Zimbabwe's economy, highlighting both the potential benefits and the risks associated with these policies. It discusses the country's experience with import substitution industrialization and the subsequent shift towards a more liberalized trade regime.
The chapter on globalization delves into the role of globalization in shaping Zimbabwe's international trade dynamics. It discusses the challenges and opportunities presented by globalization, particularly in the context of Zimbabwe's historical experience with trade sanctions and economic disruptions.
Schlüsselwörter (Keywords)
Zimbabwe, international trade, trade statistics, trade liberalization, globalization, economic development, import substitution industrialization, balance of payments, foreign direct investment, regional integration, World Trade Organization (WTO), Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA).
- Quote paper
- Rumbidzai Chiyangwa (Author), Isaac Muponya (Author), 2024, Skewered Balance of Payment. What can Zimbabwe do to Reverse the Unfavourable International Trade Statistics?, Munich, GRIN Verlag, https://www.grin.com/document/1446676
