Pathway to Prosperity: Zimbabwe Case Study
There are a wide range of opportunities for Zimbabwe to improve institutional, economic, and social wellbeing in the coming years.
There are a wide range of opportunities for Zimbabwe to improve institutional, economic, and social wellbeing in the coming years.
A report for the African Prosperity programme
Published 7 Jan 2021
A diagnostic analysis of Zimbabwe’s performance in an African context and proposed actions to set the country on the pathway to prosperity.
Genuine prosperity is about far more than a society’s economy or an individual’s financial wealth; it represents an environment in which everybody is able to reach their full potential. A nation is prosperous when it has an inclusive society with effective institutions, an open economy that stimulates growth and innovation, and empowered people who are healthy and educated.
Zimbabwe currently ranks 35th out of 54 countries in Africa for prosperity, and 139th of 167 countries globally. It has faced many political, economic, and social challenges in recent decades but its history, natural wealth, and the resourcefulness of its people mean that it is uniquely positioned to become one of the most prosperous countries in Africa.
This report assesses the current level of prosperity in Zimbabwe, identifies the binding constraints to future institutional, economic, and social development, and proposes the type of actions needed to put Zimbabwe on the road to prosperity.
Given its starting point, Zimbabwe’s future pathway from poverty to prosperity has many components. These include the need for an accountable and enterprising government, sound fiscal and monetary policy, enhancing the productivity and incomes of the poorest, unleashing the potential of the commercial sector, and opening up to the world. The journey is undoubtedly a long one, but is feasible and worthwhile.
You can also download reports focused on each of the three domains that form the Legatum Prosperity Index: Inclusive Societies, Open Economies, and Empowered People:
A detailed report on Zimbabwe’s performance on Inclusive Societies and recommendations for future improvement is available here.
A detailed report on Zimbabwe’s performance on Open Economies and recommendations for future improvement is available here.
A detailed report on Zimbabwe’s performance on Empowered People and recommendations for future improvement is available here.
A diagnostic analysis of Zimbabwe’s performance in an African context and proposed actions to set the country on the pathway to prosperity.
Jan 2021