Foreign capital and the reconstruction of Zimbabwe
The study picks out the dominant characteristics of the development of Rhodesia as a peripheral economy by foreign capital over the last eighty years. The significance of settler capital and the impact of UDI are assessed. The conclusions explain the importance attached by international capitalists to achieving a settlement in Rhodesia, in order to stabilise the whole region and to secure control of its valuable resources. The discussion also poses some of the options for the Zimbabwean struggle in terms of achieving genuine liberation.
Secondary industrialisation in Southern Africa: the 1948 Customs agreement between Southern Rhodesia and South Africa
Understanding of the process and pattern of post‐war industrialisation in colonial Zimbabwe can be significantly enhanced by paying close attention to the 1948 Customs Agreement between Southern Rhodesia and South Africa. Keen to expand and consolidate an export trade already worth over £10 million per annum by 1948, the South African authorities were prepared to foster industrial development north of the Limpopo precisely because the Southern Rhodesian government itself never envisaged more than limited support for a restricted range of secondary industries. While the Southern Rhodesians were convinced that their policy judiciously combined the interests of primary producers and secondary industry, the South African state was more than content to relinquish the fringes of its own light consumer good sector to Southern Rhodesian factories in return for bigger markets for South African enterprises higher up the industrial ladder. The paper suggests, moreover, that industrialisation in Southern Rhodesia was...
The Role Of International Movements of Private Capital in Promoting Development
Capital is transferred from savers to investors through different institutional channels and instruments that have different natures and perform different functions.1 For this reason, a distinction is made in this paper between the different channels through which the international movements of private capital usually flow. A separate treatment is given to each.