Monopsony power --- Due to globalisation, many countries are vulnerable to monopsony. During its heydays in the 90s, Zimbabwe was regarded as Africa’s bread basked due to its thriving industry and ability to play a significant role in food exports. However, Zimbabwe’s land reform program of 2001 is believed triggered the Economic sanctions that restricted trade with the US, UK and EU, leading to its economic collapse. It is surprising that though there has been change in government since the land reform program and the new government has announced compensation for farmers whose land was confiscated, the status quo on sanctions still remains and continues to hurt the ordinary and vulnerable citizens

Source author: Lapologang Judah lapoduna@gmail.com