This article analyzes the shift from corporatist to liberal economic policy regimes in Zimbabwe that led to the crisis of the late 1990s. It outlines the rationale for both regimes, the reasons for their introduction and major achievements and failures, and how they contributed to the subsequent adoption of the dysfunctional policies of the late 1990s. It argues that the failures of both these regimes were avoidable, and the outcome of “political” rather than economic variables. It concludes by calling for economic policies that take more account of their political implications, and of the need to strengthen state capacity in weak states.
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