ABSTRACT

Zimbabwe is the first of the two low-income developing countries in this study, and it is also one of the three smallest. Its population is only 9 million, with a per capita income of well under US$l,OOO (Table 7.1). It also suffered severe restrictions on its output in 1991-3 because of drought. This directly affected its agricultural production and its manufactured output (because of shortages and formal rationing of electricity). It also had indirect effects on markets, confidence, and policy-making. The resulting 9% fall in GDP in 1992 means that any appraisal of the structure of the economy must use a combination of recent and more normal figures.