Politics
*DID YOU KNOW?*
#SANCTIONSMUSTGO
Sustained Decline in Long-Term Capital
◾The sustained decline in long-term capital inflows has had ripple effects on the country’s employment levels, and its ability to provide basic goods and services to its people, ultimately leading to a decline in the standards of living. This resulted in the country suffering from de-industrialisation and, subsequently, stagnation effects.
◾Consequently, there has been large-scale emigration, especially of skilled labour. Two to four million Zimbabweans are estimated to have emigrated to mainly South Africa, the UK, Botswana, the USA, Canada, Australia and New Zealand. This has further strained the human resource capacity to hasten the pace of economic turnaround and development through brain drain.
Leave a Message