ISBN-10:
0325070261
ISBN-13:
9780325070261
Pub. Date:
07/12/2001
Publisher:
Heinemann
Tearing the Social Fabric: Neoliberalism, Deindustrialization, and the Crisis of Governance in Zimbabwe

Tearing the Social Fabric: Neoliberalism, Deindustrialization, and the Crisis of Governance in Zimbabwe

by Padraig Carmody

Hardcover

Current price is , Original price is $110.63. You

Temporarily Out of Stock Online

Please check back later for updated availability.

This item is available online through Marketplace sellers.

Overview

As the second most industrially developed economy in Sub-Saharan Africa, World Bank officials argued that Zimbabwe could be the first African country to succeed with economic liberalization. However, the experience of structural adjustment was disastrous, as it led to widespread deindustrialization. In contrast to predictions, a World Bank/International Monetary Fund program led to the collapse of industries it was meant to promote: textiles, clothing, and footwear. This book examines the reasons behind this seeming paradox through an in-depth case study of the experience of textiles, clothing, and footwear sub-sectors in Zimbabwe under structural adjustment.

Economic liberalization failed because it did not relate to the local economic context. This failure led to autonomous development of the trade and financial sectors, to the detriment of production. The economic crisis that resulted is a critical factor behind recent political instability and the current crisis of governance in Zimbabwe. Padraig Carmody argues that alternatives must be based on a better understanding of the local politico-economic context in Zimbabwe.

Product Details

ISBN-13: 9780325070261
Publisher: Heinemann
Publication date: 07/12/2001
Pages: 240
Product dimensions: 5.19(w) x 8.24(h) x 0.92(d)
Age Range: 18 Years

About the Author

Padraig Carmody is an Assistant Professor of Geography at the University of Vermont.

Table of Contents

Introduction: The Globalization of Africa

Economic Crisis and Response: Structural Adjustment

Circuits of Capital and Economic Adjustment in Africa: A Theoretical Framework

The Political Economy of Zimbabwean Development

The Collapse of Zimbabwe's Textiles, Clothing, and Footwear Industry

The Determinants of Differential Inter-Firm Performance in the Textile, Clothing, and Footwear Industries under Structural Adjustment

Lessons from Zimbabwe: The Necessity of Constructing Alternatives to Structural Adjustment in Africa

Index

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews