Are we too poor or too stupid- is our education turning us into mental cripples?

Agricultural growth should naturally lead to industrialisation or manufacturing. It did once, but this has since been reversed. According to MDC policy coordinator, Eddie Cross, who has enjoyed the best of both words- under the Ian Smith and Mugabe regimes- “In 1980 we were a middle income country with a higher GDP per capita than China, we had virtually no debt and a currency that was worth twice the value of the US dollar. We produced 90 per cent of what was sold in our supermarkets and our farmers employed 350 000 people, supplied 60 per cent of the inputs required for our industry, generated half of all exports and provided food at prices that were well below any other country in the region.

(170 VIEWS)

How money is made- Developing economies would do well to expel foreign banks and allow local financial institutions to create money for productive purposes

Last month, the BRICS countries (Brazil, Russia, India, China, and South Africa) announced the establishment of their own development bank, which would reduce their dependence on the Western-dominated, dollar-focused World Bank and International Monetary Fund. These economies will benefit from increased monetary-policy agency and flexibility. But they should not discount the valuable lessons offered by advanced-country central banks’ recent monetary-policy innovation.

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Trouble amid plenty in emerging Africa

Africa is changing dramatically – and so are outsiders’ attitudes toward it, with the US finally seeming determined to catch up with China, Europe, and India in their interest in the continent. US President Barack Obama’s recent summit with 40 African heads of state and more than 200 US and African business leaders suggests a new, more confident mood. That is encouraging; but as long as parts of Sub-Saharan Africa continue to struggle with violent conflict, poverty, and corruption, the continent’s economic potential will not be fully realized.

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Top stories for August 11-15

Oppah’s war continues – Oppah Muchinguri’s war of words over control of the Zimbabwe African National Union-Patriotic Front Women’s League continues. The women’s leader, who last week said she was stepping down from her post to give way to First Lady Grace Mugabe because of the nasty things that are being done by some leaders, said some women were being kidnapped ahead of the league congress so that they could not contest.  “In some cases, the League has received reports which border on criminal conduct where its members have been kidnapped or sequestered against their will and without the knowledge of their families who do not know the whereabouts of their loved ones. These reports are very worrying and they must be condemned in the strongest possible terms. The League wants to make it very clear and put it on record that any of its members who are kidnapped or sequestered ahead of the conference will be deregistered and will thus not be allowed to participate in the conference without fear or favour to enforce discipline as well as to protect and ensure the integrity of the conference.  For the same reasons, the League calls on law enforcement authorities to take the kidnapping reports seriously and let the law take its course against the culprits regardless of their standing or station in the party or society.”

(84 VIEWS)