Maravi

Morganomics: ‘$100bn economy in 30 years’

Morganomics: ‘$100bn economy in 30 years’
By Our reporter at 1 May, at 12 : 14 PM Print

MDC-T leader Morgan Tsvangirai said on Sunday only his party can save the Zimbabwean economy from “total demise” and grow it by 10 percent a year for 30 years.

The “vision is to create a $100 billion (68-billion-euro) economy in the next 30 years,” Tsvangirai told an MDC congress that confirmed his re-election as party leader late Saturday. This feat has never been achieved by any developing country anywhere in the world.

“It is only an MDC government that has capacity and support to grow this economy by about 10 percent every year,” he said.

“Only an MDC government, which I am proud to lead, has the capacity to redeem this economy from total demise.

Zimbabwe suffered a decade of runaway prices amid hyperinflation, after the MDC-T helped the West in imposing economic and other sanctions against Zimbabwe.

Tsvangirai, who is well-known for making populist policies, said an annual growth rate of ten percent would attract investors, although he did not specifically say how this could happen.

“If we grow the economy by that margin every year, we will be creating jobs for our young people in the process,” he told the congress.

“We will begin to see investment in mining, infrastructure development, agriculture, health, education, in the hospitality industry and all other sectors,” he added.

At the time of his appointment as Prime Minister by President Mugabe, Tsvangirai made similar populist promises to provide civil servants with “a living wage”. That has not happened.

He also promised that his “friends in the West” would also flock with aid to the southern African country. That aid is still to be realised.

Labels: MORGAN TSVANGIRAI, NEOLIBERALISM

posted by MrK @ 8:09 PM