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Macroeconomic Policy Reforms and Agriculture Towards Equitable Growth in Zimbabwe

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Macroeconomic Policy Reforms and Agriculture Towards Equitable Growth in Zimbabwe Macroeconomic Policy Reforms and Agriculture Towards Equitable Growth in Zimbabwe Romeo M. Bautista Marcelle Thomas Kay Muir-Leresche Hans Lofgren RESEARCH REPORT 128 INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE WASHINGTON, D.C. ' ! " # ! $ " "! $ % ! && ' $ () ) $ *$ +,- % . /-, ,0+ ,1+ """ 2! ! 3 ." 4 " 5!" 6 ! 2 7 8 9 !N; < - 0= 7( ,0>+ >,-&&, ; = - N5!" ! !N5!" & N?! N5!" @ ( N5!" 1 5!"NA! + B ! ;A! =N5!" 7 $ ! 2$ ->@-, ; = < - 0 C* -&-50 2&& &&0-D0+0>-, - -11- - Contents . " "! # !! # - - !" C + & A! ! - @ ->>- 2 # 2 A! 5!" > 1 ! ? A4! 2 5!" @1 + A ! ++ E E& # 3 5!" 2,2N*! * 0- # 73 ->>- 5!" 2,2 0> # 3 2 # ->>- 5!" 2,2 - # *3 2 2 # ->>- 5!" 2,2 --1 # A3 - 0 ! -&- 7 -&& iii Tables &- " ! $ ->0 M01$ ->01M>-$ ->>-M>+ -& & " ! $ ->>-M>+ -@ && ? # ! $ # ! $ ->>-M>+ -@ &@ (! !B $ ->0> -E &1 ! #$ # $ !! $ ->> M>E -> &+ ! # ! $ # ! $ $ ->>-M>1 - &E ! # $ ->> M>1 & &0 $ $ ! ! $ ->>-M>+ @ &> !! $ ->> M>+ 1 &- !! !$ ->> M>+ + @- 5!" ->>- & @ 5!" !,2 && @& 5!" !,2 ! 5!" $ ->>- &@ @@ ->>- 5!" !,23 (! &1 @1 . ! 5!"$ ->>- &E @+ . &0 @E C # $ &> @0 ?* ! 5!" # ! " @& 1- * $ ! $ 5!?A ! 1 iv TABLES v 1 4 11 1& G 4 1E 1@ ! # 4 1> 11 2 4 + 1+ ! + 1E , !! ! !$ + 10 . ! ! +& 1> !,, # +@ +- . H $ !H $ ! # B ! +> + ! E- +& ! E - * , $ ->>- 0 * 5!" !,2 01 7- ->>- 5!" !,23 . ! # ! 5!" > - ! # ->>- 5!" !,2 - & *- . ! ! # --+ A- 5!?A ! ! " , - 0 A 5!?A ! ! " ! - > A& 5!?A ! ! " ! -& Figures - .! ! !! E 2! ! " > &- A! ! ! ! ! -0 & ?! $ ->> M>+ @- A!" ! " &- @ 2 3 ?* 5!" ! @- @& 2 3 ?* " @ 1- ( 5!?A ! @E 1 ! !! 5!?A ! @E 1& ! " # !H ! @0 1@ " 5!?A ! 1+ vi Foreword ->>+$ R . 2! * " " , ! B S2! ! ;2A=$ " ! * ?! . . B , " ! 3 # , 2"$ 2H!4$ $ .H$ 5!$ 5!"$ , ! ! R B . 5!" . N ! 7 $ 2 .!$ ' 2,J$ C JN ! !$ $ ! 4 !! ! A! , B ! ! ->>-M>1 ;A= 5!" ! A! .! ->>+M ;52A.= ! $ " 5!"R ! C !H " !! ! $ $ ! ! # ->> !$ , 5!"R !! 3 !$ # $ # $ ! ! " B ! ! . ! ! , ! 4 " 5!" ->0 ! ! , , " ! ! 5!" ! " ! !, , ->>- " A$ " , ! ! ! . !! 5!" , 4 " . ! N ! ! # # N ! # A ! " B ! " 4 5!, " $ "$ " H !H $ " ! ! ! ! 4 " " ! vii viii FOREWORD ! $ ! ! " 5!"$ # $ #! ! ! $ ! . ! ! 4! ;?A= ! ->>- ! # 5!" . ! ! " # , H !" ! 4 . " ! , ! 5!" " !! ! ! . R ! H ! ! ) " " !" ! 5!" . !# , ! !! B ! ! K! 7 * ?$ Acknowledgments ! ?! . ;?.5= * ;*! =< 2A, T !! $ " . ;5!"=$ ' 7 ;5!=$ H ;2H!4=$ J .! 2 ;., H= . " ! $ R . 2! *$ !$ $ ! . " L * !! $ R . 2! *, " ! $ " , . # " ! ix Summary ! ! $ ! 4 !! , U ! 5!" A! B ! ! ->>-M>1 ;A= 5!" ! A! .! ->>+M ;52A.= . 5!" ! " ! ! H !!$ ! ! " $ ! 4 ! ! 4 ->+1$ " " , ! ; = ! O P ! , ! $ 5!" " ! " , " ! , ! ! , -1, !$ ->0 " " ,!B ! ! " , # ! ! ! $ ! ! < "$ ->0 " !! ! ! ! ! " ! , ! $ A !H # ! H $ ! $ ! 4 $ 52A. O ! P ! ! ! 5!" , ! . " !! , !$ " R ! , # ! ->> $ 5!, "R !! ! !H3 !$ , # $ # 4 ! ! $ ! ! ?* ! ! . 4 ! $ $ $ ! ! ! $ " !B R 5!"R # ! $ ;! !!= ! !$ , !! ;J= . J , R , , J ! !H x xi SUMMARY " ! 7 $ " H ! ! " ! ! . 5!" , $ ! $ # . ->>- 5!" ! # ;2= ;-1 E = ! , " ! J , ! 5!" 2 ! # ! , ",! ; = ) $ ?* ! ;! = , " ! ! J !$ 5!"R ! " ! " 4 ! 4 ! " !H , $ 4 #! 2 ! !! . O! ! $P ! $ " ?* ! ; &=$ 5!" , ! ! 5O- & ! " ! ! ; ->>- = , " N " ! ! J !N # ! ;-> =$ # ;" = ! ;-E-= J" ?* ! H " " !H # $ " J ! ! ( $ ! ! $ , ! !! 5!"$ -@@$ " " ! " # , # . , , ! !$ ! !,! , $ " ! " " !H ! ! , 4 ! ! ! , ! . ",! " $ ! ! , ! ! . ! # ! ! . ! ! 4! ;?A= ! 5!, " $ 2 !" $ " ! ! 2$ ! ! " 5!, "$ # $ ! ! ! $ ! . ! ! " # , H !" ! 4 P ! ?A ! ! " ! N $ ! ! # ! # " ! N ?*$ $ ! $ # ! ; 4 = . " H ! SUMMARY xii !H ! $ "$ 4 ! , # , J ! ! ! ! ! H ! 2$ ! # $ ! # ->>- . ! ! ! # " N! ! ! # , ! H ! ! # N! " ! " # ; " = ?* ! $ "$ " ! ! , ! 4 ! . ! ! 1 , ! ! 1 . ! N" ! " ! ! N ? ! , ! # # $ ! , ! # A ! " B ! " 4, $ "$ " H !H $ ! " ! 4.
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