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Effects of indiginsation policy on Entreprenuership in Zimbabwe Essay Example

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Effects of indiginsation policy on Entreprenuership in Zimbabwe

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This will help to comprehend the most relevant facts in a precise manner.According to Kovacic & Shapiro (2000), the governments across the world have undertaken numerous policies and measures to promote economic growth and welfare of its citizens. These policies have profound impact on the various national and international aspects (Kovacic & Shapiro, 2000). In this regard, Wilson III (1990) noted that indiginsation is a strategy of a nation to extort greater domestic control over the political economy. It has been argued that the terms nationalization and indiginsation are often used interchangeably but these two concepts varies significantly. Accordingly, the nationalization is a strategy or a policy that is more direct wherein the government of a nation places requirements for the private foreign ventures to sell or transfer certain portion or the entire equity to the government. On the other hand, indiginsation refers to a government policy requiring the private foreign firms to sell or transfer their equity to the citizens of a country (Wilson III, 1990).Zhou & Hardlife (2012) noted that indiginsation policy is generally directed towards empowering the citizen of a country. Accordingly, the policy is ascertained to have much positive impact on the citizens as it involves increasing their stake in the corporate sector (Zhou & Hardlife, 2012). Similarly Munyedza (2011) affirmed that indiginsation policy is a measure undertaken by the government of a particular nation to balance the unstable economic condition of a country. In this regard, indiginsation policy is regarded as a positive move of a country towards promoting economically the noble development. In addition, indiginsation policy is witnessed to have widespread interference from the government agencies. At the same time it has been ascertained that in a country that has adopted indiginsation policy, it has experienced increased dominance of the government while the role of private sector is recognized to be limited in the economy. The indiginsation policy has significant and negative implications of the foreign direct investment. Notably, the indiginsation policy makes the country an undesirable destination of foreign investment and reduced the power of the investors. Indiginsation policy is also witnessed by the increased regulations from the government of a country (Munyedza, 2011). In the words of Khomba

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preview essay on Effects of indiginsation policy on Entreprenuership in Zimbabwe
  • Pages: 12 (3000 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Undergraduate
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