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2012

Happy new year! Not much changed from the last.. Arsenal got beaten again. I guess you get used to it to a point you no longer feel the pinch. We were spoilt in the past to expect excellence at all times. We are slowly becoming a mid table team at this rate. I worry that if we fail to make Champions league this season we can become like liverpool or worse Tottenham.. At least the Africa Nations cup is there to distract us. This year is expected to be the last year of man's existence (if you follow the doomsayers) so maybe that is the thought behind Zambia removing three zeros from their currency that if it doesn't work- who cares. Take it from someone who actually participated in currency revaluation, it is an exercise in futility which has very few benefits except the pride at saying our currency has near value to the more established currencies. I believe that this revaluation will just push inflation on. The cost of a revaluation far exceeds its benefits. I believe Zambia

Reintroduction of the Zimbabwe Dollar

Well I just read the funniest thing in the paper the other day please read this first and tell me what you think http://t.co/9ClMiiMo .I am not the foremost expert on monetary economics but this does not make sense. Our government is thinking of reintroducing a currency that was not actually accepted as a form of trade when finally was withdrawn. Well I can't think that this is an immediate strategy, however, I fear for the recovery of the economy if this is the case. The key factors that led to the decline of the Zim Dollar are still very present in the economy un-competitive export regime, large demand for imported luxury goods, the economy is dominated by government and psuedo-government operations, and large parts of the manufacturing industry survived on protectionist policies to allow them to operate. All this is added upon by the fact that political players from the main political parties are so polarized, that making a decision to act for the good of the country often falls

The new world order

I have been following my favorite team, The Arsenal and it dawned on me, just like everything else you cannot win without the fundamentals.. The game against Manchester United showed that if you don't get the fundamentals of a balanced team right you concede two goals when you have just equalised and looking to take the lead. Today we have seen the fundamentals of a truly competitive squad being ignored and we have subs who come on and give a tepid performance. Now if these players understood that every game is a test, they would never have the word defeat on their mind. Everytime they put on the shirt they should be playing to impress.. too many coasters. The same needs to be said of too many leaders on the African continent when it comes to the governance of their countries. I am no politician but what I have seen in my home of Zimbabwe is enough to make a young economist wonder what their intention is? Do people intentionally want to destroy the place of my youth? Are these

Attracting Investment to State Owned Companies (Zimbabwe)

I read an interesting article on the way State Owned Enterprises in Zimbabwe are looking to raise finances: read the link http://www.theindependent.co.zw/business/29679-soes-bourse-faces-resistance.html . I can understand the attempts by some poor civil servant in the policy department of the responsible ministry wishing to raise funds, but some of the policies coming out of the economic ministries in Zimbabwe right now are very myopic. Don't get me wrong, I am not challenging the intelligence of the civil servants, but 10 years of sanctions has had an effect on the caliber of ideas coming from the ministries. I guess it is because a lot of the civil servants no longer get exposed to working economic systems. This is because depending on who you may believe, sanctions or economic mismanagement has seen the government fail to hold onto experience. Until a few years ago I was one of the policy makers in Zimbabwe and I understand the difficulty they are facing in crafting policy. How

Zimbabwe... What is in it for the next generation

I am part of the group of Zimbabweans called the "born frees", essentially we are the ones born after independence. For us born just after independence (1980 - 1990) I believe we benefited greatly from what Zimbabwe had to offer good education system, health was accessible and a large number of our parents were able to improve themselves so as to do better than their parents. Well for our generation I believe it will be very different. A lot of us will not be able to better what our parents did, it will be a miracle if we do as well. I have have been lucky to meet some big names in Zimbabwe whilst growing up Moses Chunga (he was a great Zimbabwean footballer) at a Dynamos game in Mbare, Mumwa Mawere at an NDA talk in the 2000s in Mutare. I met a number of politicians; some I liked and some I didn't. But the common thing a lot of them believed was that us the born frees were not doing enough to look after our birth right.... Zimbabwe. Now I do not know what could have bee

Are subsidies correctly targeted?

There is a strong feeling amongst us the "post-independence" generation of Africa that the development models implemented in Africa are designed to keep the continent. The evidence is strong to support this assertion. I mean capitalism in its rawest form is the exploitation of the poor by the rich. Some very clever economists who, after the uprising of the poor in Europe to displace monarchies in the 19th century, cleverly exported exploitation to continue this very Darwinian economic system. I hope the reader is not mistaken by may tone, I am a strong believer in capitalism as the best and fairest form of economic organisation so far. I just do not believe it is sustainable in its form as competition is not encouraged globally. Subsidies in wealthier economies ensure the domination of the poorer areas of the world even if we may have a competitive advantage. It is no secret that if the World Trade Organisation worked properly, Technology would come from Asia, Capital would c