Sunday, February 8, 2015

The struggles of Zimbabwe's small firms

http://www.bbc.com/news/business-31113329

This article describes Zimbabwe's economic plight as a nation since losing its booming tourism industry. It states that there are "3.5 million...unregistered small firms" such as the examples used in the article. In a country with just over 14 million people, that's a bit absurd. The article describes the abandonment of the Zimbabwean dollar in 2008 due to massive inflation, Mugabe's seizing of white-owned farms in the early 2000s (what led to the lack of tourism), and the desire for small businesses to register under the belief that their paying taxes will help the economy.

All in all, it provides a small but potent insight into the country's current economic situation/future.

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