Review of 'Zimbabwe's Plunge', Patrick Bond and Masimba Manyanya, Merlin Books £14.95
The economic crisis in Zimbabwe--with unemployment now at over 60 percent, inflation hitting 114 percent and 76 percent of the population below the poverty line--is in urgent need of analysis.
Zimbabwe gained independence in 1980, and inherited debts of nearly $700 million from the white minority regime. The authors of this book argue that Mugabe's Zanu government had the option of repudiating this debt. Had this happened, the government would have had much more flexibility to implement its social policies and address the land question.