Let's have a book review of Economy of Zimbabwe: Zimbabwe, Unemployment, Hyperinflation, Names of large numbers, Ethiopia, Chromite, Coal, Asbestos, Copper, Nickel, Gold, Platinum, Iron, Robert Mugabe, Land reform in Zimbabwe
by Frederic P. Miller (Editor), Agnes F. Vandome (Editor), John McBrewster (Editor). The once flourishing economy of Zimbabwe was collapsing due economic mismanagement, resulting in 94% unemployment and a hyperinflation that urged changing prices several times a day. The economy poorly transitioned in recent years, deteriorating from one of Africa's strongest economies to one of the world's worst. Inflation has surpassed that of all other nations at over 80 sextillion(1021)% (although it is impossible to calculate an accurate value), with the next highest in Ethiopia at 41%. Zimbabwe currently has the lowest GDP real growth rate in any independent country and third in total (behind Palestinian territories.) The country has huge reserves of metallurgical-grade chrome ore. The other viable mineral deposits include coal, asbestos, copper, nickel, gold, platinum, tantalum and iron ore. However the ongoing political turmoil and one of the world's highest rate of inflation have greatly impaired the progress. The hyperinvlation that many critics argue was caused by president Robert Mugabe's policies towards "land reform", have led to internal upheaval and population displacement and poverty with many Zimbabweans taking refuge in still functioning South Africa.
