Industrial Change in Africa: Zimbabwean Firms under Strucural Adjustment

Book Description
This book uses a unique survey of manufacturing firms in Zimbabwe to analyze firm-level responses to economic liberalization. The focus on labor and financial markets, investment behaviour, the determinants of entrepreneurship, productivity growth and efficiency, export performance, firm growth, and resource shifts between different manufacturing activities. Understanding these determinants is crucial to evaluating the success or failure of structural adjustment.



About the Author
Jan Willem Gunning is Director of the Amsterdam Institute for International Development and Professor of Development Economics, and Remco Oostendorp is affiliated as Researcher with the Economic and Social Institute, both at the Free University, Amsterdam.



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Gunning (development economics, Free U. of Amsterdam), Oostendorp (Economic and Social Institute of the Free U. of Amsterdam), and collaborators describe and analyze the three-year data survey carried out among 213 manufacturing firms in Zimbabwe after the introduction of the Economic and Structural Adjustment Programme of 1991. Separate chapters explore the characteristics of product, labor, and financial markets and discuss firm performance in relation to investment, productivity growth, firm growth and resource shifts. They find that capital and labor resource growth is most clearly associated with exporting sectors, although the association does not necessarily carry over to the firm level. Annotation c. Book News, Inc., Portland, OR (booknews.com)


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