Sea change needed in industrial growth.

Zimbabwe's economy has been impacted by a decline in mineral prices, resulting in a decrease in export earnings. Imports have also fallen, but not as much as exports, leading to a larger trade deficit. The country relies on diaspora remittances, incoming investments, and aid money to fill this gap. Economists have emphasized the need for Zimbabwe to shift from relying on raw commodities to manufacturing finished goods. The country's industrial sector is currently weak, with a significant amount of imported raw materials used in local production. Zimbabwe's historical economic model focused on being a commodity producer and importer of finished goods, with little emphasis on industrialization. The country needs to prioritize primary industry and invest in manufacturing to become an exporter of manufactured goods, while still exporting commodities. [Extracted from the article]