Zimbabwe Should Imitate Singapore – Steve H. Hanke

Professor Steve Hanke who claims that Zimbabwe has been in a state of almost constant crisis for the past two decades believes imitating Singapore can be the panacea to Zimbabwe’s woes.

Hanke was speaking at a Cato event.

He mentioned that although the country has great potential, it is currently ranked amonst the poorest in the world. He claims the plunge started in 2000 and was exacerbated by the hyperinflation of 2008 which he attributed mostly to fiscal problems.

Hanke blelieves Zimbabwe must adopt the Singapore strategy. He notes that Singapore used to be worse than Zimbabwe but is has transformed to become a global leader. The professor identified six nuggests below Zimbabwe should go for:

  • Establish a currency board to stop the inflation.
  • Shun the hunger for Foreign aid.
  • Need for tax regime reforms.
  • Ensure individuals rights
  • Create high quality transparent government.
  • Push for the immediate removal of Sanctions.

Related:

More: Cato.org


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, click here to enter your query.

News On WhatsApp

Tap to join WhatsApp Group(no discussions)
https://chat.whatsapp.com/LpsvWO7MalY0SOzC8euOWX

If you find the group full, please notify us on +263 777 784 119 or +263 732 464 000.

Comments

Back to top

Write a Comment

Your email address will not be published.