Communication in Economics Essay Example | Topics and Well Written Essays - 1000 words - 1

Communication in Economics - Essay ExampleIt warned about its rampant inflation, un participation, high rates of interests and soaring poverty. It feared that economy would correct and collapse in the absence of strong and effective measures. The interest rate was on a unload of seventy percentages in year 2005 while the inflation was more than three hundred and fifty percentage. This indicates the hapless condition of economy of Zimbabwe.The International Monetary Fund warns that Zimbabwes gross domestic product will seeming shrink another seven percent this year. In addition, some economists predict that by years sack inflation could reach 1,000%. (Franceschi, 2005)Companies are shutting down, unemployment is increasing and there is shortage of food. The productivity has decreased. This resulted in versatile social problems like increase in crime rate, illegal immigration to other countries, increased putrefaction and many others. on that point are various political, stintin g and social reasons of Zimbabwes economic crisis. These range from leaders to corruption within the society. The causes of the countrys economic distress are as followsAmong the problems most often cited are Mr. Mugabes land re-distribution policies, endemic corruption, the absence of the rule of law and Zimbabwes involvement in Congos civil war. (Franceschi, 2005)There has been fuel shortage that influenced the industries adversely. The shortage of fuels has direct impact on the productivity and transport. It also affected the employment sector. The shortage of fuel has an impact on employment sector as well. It resulted in unemployment of many. The expenditure in government activities is suffering with unscrupulous spending and corruption. Government is ignoring the need to control the state expenses. The supply of cash within the economy is high. This is resulting in decrease in the value of currency. One of the important issues resulting in economic crisis is decrease in the level of foreign direct