The rise of informal entrepreneurs in Zimbabwe: evidence of economic growth or failure of economic policies?

Esinath Ndiweni, Hendrika Ariaantje Lena Verhoeven

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    Abstract

    This paper investigates whether the rise in the number of informal
    entrepreneurs in Zimbabwe is linked to economic growth or failed government
    policies. It argues that for the past 30 years informal economic activities have
    proliferated at an unprecedented rate as a response to socio-political and
    economic challenges and thus became a default position, for many to escape
    debilitating poverty. It draws from the literature, the experiences of one of the
    authors who is a Zimbabwean and views of interviewees. The major finding
    is that the contribution of informal traders in Zimbabwe cannot result in
    sustainable development nor can it significantly increase economic growth.
    The paper concludes that the rise in informal sector business is rather indicative
    of a lack of accountability for the plunder of resources and its attended
    consequences and failure of government economic policies. Finally, it proposes
    the adoption of social entrepreneurship approaches to address social problems.
    Original languageEnglish
    Pages (from-to)260-276
    JournalAfrican Journal of Accounting, Auditing and Finance
    Volume2
    Issue number3
    DOIs
    Publication statusPublished - 1 Jan 2013

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