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Publication Details

Bond Patrick (2007) Competing Explanations of Zimbabwe’s Long Economic Crisis. Safundi: The Journal of South African and American Studies : 1-24.


When did Zimbabwe’s apparently endless economic downturn actually begin?

  • February 2000, when Robert Mugabe began authorizing land invasions?

  • November 1997, when ‘‘Black Friday’’ decimated the currency’s value (by 74% in four hours)?

  • The prior months, when war vets were given pensions and Zimbabwe put troops into the Democratic Republic of the Congo to back the Kabila regime and secure investment sites?

  • September 1991, when the stock market crashed once interest rates were raised to high real levels at the outset of the Economic Structural Adjustment Programme (ESAP)?

  • The early 1980s, not long after Mugabe took power?

  • Or around 1974, when per capita Gross Domestic Product (GDP) began a fall that has not yet reversed itself?

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