The Zimbabwean competitiveness on the global market has been affected by low uptake of new technology, an expert has said. National Economic Competitiveness Forum representative and University of Zimbabwe Business Studies department lecturer, Nyasha Kaseke, said the country was lacking in terms of innovation and efficiency indicators.
He, however, said Zimbabwe can copy from countries such as Rwanda and Mauritius whom have made notable progress even though they have fewer resources as compared to Zimbabwe. Kaseke said these two countries have managed to leverage on the tourism industry to boost their economy which is relevant to Zimbabwe.
“These two countries have managed to leverage on tourism industry to boost their economies something relevant with Zimbabwe,” said Kaseke while recently addressing stakeholders meeting in the eastern border city.
He also cited innovation by China which he said must be adopted by countries such as Zimbabwe, “China uses the copying innovation method and improve to make something better,”
“The poor ranking in the World Economic Forum GCI report is mainly due to a decade of economic meltdown which has impacted negatively on the country`s business operating environment, while the low uptake of new technology which has been caused by lack of investment in the area in recent years has compromised the country`s competitiveness, although the competitiveness has been low, the country managed to improve in the macroeconomic environment and good ranking for human resources,” said Kaseke.
Zimbabwe is perceived to have inefficiencies in the goods, labour and financial market and despite some challenges that have been be-devilling Zimbabwe’s productivity and competitiveness, the country has potential to improve its status given its natural resources and skilled workforce.
According to World Economic Forum GCI report 2014-2015, Zimbabwe is number 124-131 countries but has experienced an improvement over the last couple of years and has moved from position 112 to 96.
Zimbabwe, officially known as the Republic of Zimbabwe, is a landlocked country located in southern Africa, between theZambezi and Limpopo Rivers. It borders South Africa to the south, Botswana to the west, Zambia to the northwest, and Mozambique to the east. The capital and largest city is Harare.
An ethnically diverse country of roughly 13 million people, Zimbabwe has 16 official languages with English, Shona, and Ndebele the most commonly used. President Robert Mugabe serves as head of state and government, and as commander-in-chief of the armed forces. Renowned as a champion for the anti-colonial cause, he has held power since 1980: as head of government until 1987, and head of both state and government since then.