Okoro, Kelechi Collins (2025) NATIONALIZATION OF RESOURCES AND ECONOMIC DEVELOPMENT IN POST-COLONIAL AFRICA: THE CASE OF ZIMBABWE, 1980-2008. Journal of Psychology, Sociology, History and International Studies, 1 (2). pp. 77-81.
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Abstract
The nationalization of resources in post-colonial Africa has been a contentious policy approach, particularly in countries like Zimbabwe, where control over natural resources was viewed as a pathway to economic sovereignty and development. In the decades following independence, Zimbabwe implemented policies aimed at redistributing land and resources to the majority population, driven by the need to address inequalities inherited from the colonial era. However, the outcomes of these policies have been mixed, sparking significant debates regarding their impact on economic growth, investment and poverty reduction. This paper adopts historical research methodology relying primarily on secondary sources to examine Zimbabwe’s experience with the nationalization of resources with a focus on land reform and the mining sector. It assesses whether these policies have facilitated sustainable development or exacerbated economic challenges. This paper concludes that, although nationalization policies were intended to equitable wealth distribution and economic growth, their flawed implementation- the fast track land reform resulted to international sanctions and withdrawal of foreign aid. These consequences have had a detrimental impact on the country’s economy. The paper offered recommendations aimed at aligning resource governance with long-term economic growth and social equity.
| Item Type: | Article |
|---|---|
| Subjects: | D History General and Old World > D History (General) |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | Uchenna Eneogwe |
| Date Deposited: | 07 Sep 2025 21:43 |
| Last Modified: | 07 Sep 2025 21:43 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/5490 |
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