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The achievement of this goal was to be brought about by “trade liberalization, devaluation, privatization, huge cuts in government spending and social services like education and health and the deregulation of working conditions“(Marquette 1141). Trade liberalization policies are the ESAP measures that have had an immediate and direct impact on employment and labour relations. It entails the reduction of trade barriers such as taxes, and tariffs on goods and services traded between or within countries (Carmody 41). Because of this trade liberalisation under the Economic Structural Adjustment Program implemented in 1991, interest rates in early 1992 increased by 35 to 40 percent, and also resulted in the devaluation of the Zimbabwe dollar by over 40 per cent (Gibbon 44)...
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