Economic Management in a Hyperinflationary Environment

The book documents the economic management experience of Zimbabwe during a decade of economic downturn. Almost all the chapters note that economic downturns create opportunities as well as challenges for companies, allowing them to move from the middle of the pack into leadership positions more than at any other time in business. Unlike straight-aways where leaders can thrive on raw power alone, steep curves require strategic finesse. That often results in dramatic differences in performance as leaders steer out of the curve. There are a number of Schumpeterian forces at work, calling for creativity in broader economic management. The book thus provides comprehensive documentation of the intricacies the economy of Zimbabwe underwent during the crisis period 2000–2008. It covers existing themes such as macroeconomic management in downturns as well as the emerging area of financialization and human capital policy during crisis, paying specific attention to the context of a developing economy. It also provides a vast array of cross-sectoral experiences but from a developing country lens. A number of noble econometric techniques are brought to bear on the evidence presented in most of the chapters, thus catering for those readers who are quantitatively inclined.

Business · Business cycle · Context (archaeology) · Documentation · Economics · Economy · Financialization · Geography · Macroeconomics · Market economy · Recession · Work (physics) · African studies and sociopolitical issues · Engineering · Africa · Branchenentwicklung · Economic conditions · Economic history · Economic policy · Finance · Finanzsektor · Geldpolitik · Hyperinflation · Inflation (Finance) · Simbabwe · Soziale Folgen · Structural adjustment (economic policy) · Wirtschaftsentwicklung · Wirtschaftskrise · Wirtschaftspolitik