Economy, Law and Policy in the New Dispensation in Zimbabwe Insights for Sustainability

Abstract

Economic sustainability is a wide-ranging set of decision-making principles to achieve economic growth for the current generation and those to come. It is about creating a livable future for all economic players. The quest for economic sustainability demands the establishment of operational systems that rest on the most fundamental economic, social and environmental indicators. Since the beginning of the New Dispensation in 2017, Zimbabwe has shifted its attention from politics to economic priorities that help to promote employment creation, economic growth and a conducive environment for investors . The article establishes the relationship between law and policy in Zimbabwe's economy during the New Dispensation, with a focus on lessons for sustainability. For the years 2017 through to 2021, a descriptive study employing secondary data was used. The study concluded that, from both the short- and long-term views, policy and law may still have an impact on a nation's economic success. It follows that how they are set has a big impact on the overall objective of economic growth. To be successful, an economy must maintain its competitiveness, business friendliness, political stability and improvement of the economic status of its population. In this sense, concurrent policy-making, national administration and legislative action are essential as a crucial strategy required to support economic viability and sustainability.