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Neoclassical Practice and the Collapse of Industry in Zimbabwe: The Cases of Textiles, Clothing, and Footwear

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  • Pédraig Carmody

Abstract

The World Bank predicted that export-oriented, labor-intensive manufacturing industries, such as textiles, clothing, and footwear, would expand rapidly once Zimbabwe liberalized its economy under structural adjustment. In sharp contrast to these predictions, however, these subsectors have all but collapsed. A large part of the reason for this disjuncture between neoclassical theory and reality relates to a misunderstanding of the way in which markets, particularly those of trade and finance, interact with production in particular contexts. More appropriate alternative approaches to economic development in Africa must take account of how economic and political actions are embedded in a geographic and politico-economic context.

Suggested Citation

  • Pédraig Carmody, 1998. "Neoclassical Practice and the Collapse of Industry in Zimbabwe: The Cases of Textiles, Clothing, and Footwear," Economic Geography, Taylor & Francis Journals, vol. 74(4), pages 319-343, October.
    • Handle: RePEc:taf:recgxx:v:74:y:1998:i:4:p:319-343
    DOI: 10.1111/j.1944-8287.1998.tb00019.x
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    Cited by:

    1. Jędrzej G. Frynas, 2008. "Corporate Social Responsibility and International Development: Critical Assessment," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(4), pages 274-281, July.
    2. Phocenah Nyatanga, 2017. "Zimbabwe’s Trade Performance Under Alternative Trade Policy Regimes," Foreign Trade Review, , vol. 52(2), pages 90-105, May.

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