Business interests take upper hand

ZIMBABWE’s commercial interests are increasingly taking the upper hand over ideological ones. The country which once refused to recognise South Korea or Taiwan recently entertained a South Korean trade delegation which is reported to have secured export orders worth $10 million and conducted some market research for Korean companies. The South Korean delegation laid the groundwork for the establishment of official relations so that joint ventures can be arranged. 

Taiwan was allowed to exhibit at the Zimbabwe International Trade Fair for the first time this year and it appears to have generated a lot of interest since one of the major tool manufacturing companies in the country already has links with a Taiwanese company. 

South Korea, together with Japan, is considered one of the most economically successful countries of the century and has risen from Third World status to one of the newly industrialised countries. Zimbabwe could follow the same path if it abandons its political ideologies, some economists argue. 

South Korea’s economic success was due to its opposition to hiring and firing people and centralised planning, economists say. For example, it was only in 1987 that South Korea allowed a third company to assemble vehicles. Another reason for its success, these economists argue, is its work-ethic and managerial culture.  

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