THE IRON GRIP OF GLOBAL NEO-LIBERALISM OVER POST-INDEPENDENT ZIMBABWE’S POLITICAL ECONOMY. A CRITICAL PERSPECTIVE

Abstract

Ponte Academic JournalFeb 2021, Volume 77, Issue 2 THE IRON GRIP OF GLOBAL NEO-LIBERALISM OVER POST-INDEPENDENT ZIMBABWE’S POLITICAL ECONOMY. A CRITICAL PERSPECTIVEAuthor(s): Addmore T. Muruviwa ,NG Tshabalala, TG MuruviwaJ. Ponte - Feb 2021 - Volume 77 - Issue 2 doi: 10.21506/j.ponte.2021.2.10 Abstract:The wave of political self-determination in post-colonial African states from late 1960’s and, for Zimbabwe after 1980, was believed to be the turning point wherein post-colonial African states were to be fully independent from Western colonial powers. However, since then the influences, contestations and contradictions in the global political system in specific the collapse of the Cold War in 1989, has had marked the triumphant of global neo-liberalism. In light of this, the purpose of the paper was to offer an illustration of the Critical Theory on post-independent Zimbabwe’s political and economic trajectory. The results showed that, Zimbabwe’s continued subjugation did not only resonate from Western industrialized nations but from China, which has in the 21st century been competing against the hitherto global financial hegemony of the United States of America (USA) and expanding its neo-liberal power through giving interest-bearing loans to Zimbabwe from 2003 onwards. The paper concludes that, Zimbabwe’s political and economic trajectory like that of any other post-colonial African state can be attributed to the country’s on-going incorporation into the global political and economic system in a dominated and very extractive manner. Download full text:Check if you have access through your login credentials or your institution Username Password