TRADE LIBERALISATION UNDER STRUCTURAL strongECONOMICstrong ADJUSTMENT–.pdfVIP

Final Draft TRADE LIBERALISATION UNDER STRUCTURAL ECONOMIC ADJUSTMENT– IMPACT ON SOCIAL WELFARE IN ZIMBABWE PAPER FOR THE POVERTY REDUCTION FORUM [PRF] STRUCTURAL ADJUSTMENT PROGRAM REVIEW INITIATIVE [SAPRI] By Moses Tekere Director- Trade and Development Studies Centre [TRADES CENTRE] Lecturer – Department of Economics University of Zimbabwe Email; mtekere@africaonline.co.zw Date April 2001 TABLE of CONTENTS 1 Background of Trade Liberalisation in Zimbabwe 1.1 Wedded to the Washington Consensus – neo-liberal trade reasoning 1.2 Zimbabwe’s Trade Liberalisation Program – ESAP and ZIMPREST 2 Trade Liberalisation and Economic Performance 2.1 Was economic growth better before or during the reform period 2 2.2 Agriculture – apparent winner from liberalisation 2.3 Mining driven economic growth – a shattered dream 2.4 Manufacturing – the main casualty of trade liberalisation 3 Zimbabwe and Competition in world markets 3.1 Where does Zimbabwe have revealed comparative advantage? 3.2 Which are Zimbabwe’s rising and falling stars? 3.3 Immesiring growth - deterioration of prices of commodity exports 4 Informalisation of trade - the case of informal Cross Border Trade 4.1 Informal cross border trade - a survival technique 4.2 New Trends in informal Cross Border Trade 4.3 Informal Cross-Border Trade – more positive than negative impact 4.4 Problems with Informal Cross-Border T