Tall Manufacturing

Introduction

Every country has their strategies in driving the economy. Due to the prolonged influence of economic recession and global uncertainties, many developing countries are shrouded with consequences and slow progression. The industries that are recognized to be one of the leading drivers, aside from hospitality and tourism, are the industrialization. Even if the concept of industrialization came from the Western culture, the influential benefits reached every part of the globe. In this way, the country can survive and recognize some improvements in the economy.

Background and Problem Statement

In the midst of total development and globalization, Zimbabwe significantly experienced the growth in the manufacturing sector and still reflects in the new generation. The involvement of the processes in manufacturing made it possible to boost the industry and happen to export the manufactured products. The competition in the international market abruptly became intensified and thus, the nation proved that the investors have a room in the manufacturing industry. Other than that, the country also introduced promising areas of building and construction (Munzwa and Wellington, 2008). The human capital and the natural resources became the biggest asset of the country. However, what is the impact of tall manufacturing in the iron and steel industry, and how is it benefiting the economy of Zimbabwe?

Research Aim and Objectives

The aim of the study centers in the recognizing factors involved in the iron and steel industry and its aid in strengthening the economy of Zimbabwe. There are three objectives that should be lifted towards the completion of the study. First is to recognize the current situation of Zimbabwe’s under the manufacturing industry. Second is to measure the strengths of iron and steel industry to make it as the frontier of the economy. And third is to determine any changes in the industry that may add strength in the development and progress of the economy.

Literature Review

In Zimbabwe, there are towns that intentionally transformed into industrial towns. Because of the impact and growth of iron and steel industry, there is a great opportunity for the country to receive investments that can be utilized for the improvement of the communities. The two towns namely, Kadoma and Kwekwe, became the industrialized towns but apparently followed the establishment of the cotton research center. This is a great for the country for the long-term goal because the agricultural sector should also adopt improvements along with the industrial sector. The increase in capital investments made it possible to divide the other funds towards the total economic growth. Zimbabwe, as once a colony, seeks development by gearing the infrastructure development, in noticeably promising (Munzwa and Wellington, 2008).

Overall, the iron and steel sector in Africa, slowly awakening because of the investments made in Zimbabwe, and also in Nigeria. The slow recognition as a driver of economy of entire Africa is caused by the civil wars and strife. Added to that is the lack of political will. But when Zimbabwe acquired sophisticated technologies for steel making, there is the birth of integrated steel plants (Al-Haji Mohamed, 2006). In recent assessment of the country, Zimbabwe is classified as an active developing country because of the continuous increase of the Gross Domestic Product (GDP). It remains positive and the improvement in social statistics is recognized because of the independence and freedom, and better access to health and education services. Covering the 44% of the economic development of the country came from the manufacturing industry. Although the country is dependent in their natural resources, still the manufacturing industry is the biggest contributor in generating employment, income, and foreign exchange (MMET, 1998). In terms of labor relations and employment, the country assured that the industry plays an important segment in delivering the competitive performances towards the other industries that are dependent or using the iron and steel (Turnbull and Harvey, 2001).

Methodology

The applicable method in the study is the use of the secondary information that is concerns in the development and improvement in the iron and steel manufacturing industry. The data can be obtained from the industrial reports of the country, the case studies being made and focused on the economy of Zimbabwe, and/or the International Monetary Fund (IMF) Economy Report. Through the use of the secondary information, all of the necessary data can be organized and help the current generate its analysis and draw conclusions. Since the manufacturing of iron and steel is the main component of the industry, all the industries that are dependent in the use of the said materials (aviation industries, buildings, constructions, infrastructures, transportations facilities, etc.) are also part of the study.

References:

Al-Haji Mohamed, S., (2006) “The African Iron and Steel Industry: Realities and Prospects”, Accessed 21 June 2010, from http://www.arabsteel.info/asis2006/w_p/Africa_final.pdf

MMET, (1998) “Zimbabwe’s Initial National Communication on Climate Change”, Ministry of Mines, Environment and Tourism, Accessed 21 June 2010, from http://www.klima.ph/resources/UNFCCC/NC/zimnc1.pdf

Munzwa, K.M., & Wellington, J., (2008) “Urban Development n Zimbabwe: A Human Settlement Perspective”, Theoretical and Empirical Researches in Urban Management 5(14), Accessed 21 June 2010, from http://www.um.ase.ro/No14/8.pdf

Turnbull, P., & Harvey, G., (2001) “The Impact of 11 September 2001 on the Civil Aviation Industry: Social and Labor Effects”, Sectoral Activities Programme, Accessed 21 June 2010, from http://www.ilo.org/public/english/dialogue/sector/techmeet/tmica02/tmica-wp182.pdf