The Impact of Trading Dominance over Entrepreneurship on Local Industry and Economic Sustainability in the Midlands Province of Zimbabwe

Abstract

Entrepreneurs and traders are dynamic players in Zimbabwe economy but their individual traits and contribution are misunderstood or confused. This distorted perception has far reaching effects on the economic growth rate because the end result of the high number of traders, compared to the low number of entrepreneurs, is the development of dependence on imported products which in turn restricts the development of local enterprises and ads to the foreign currency deficits. To fill this gap, the current paper aims at distinguishing the distinct characteristics and the role of entrepreneurs and traders in Zimbabwe, which include their contribution to the development of the local economy and job creation and the hindrances they may face. The design of a qualitative research was used, which involved the use of in-depth interviews of 40 respondents in the Midlands province. Thematic analysis was done to identify recurring patterns and insight in the nature, contribution and challenge of both the entrepreneurs and traders. The results provide a subtle insight into the interaction between the two groups, which will guide policy suggestions on how to create a more stable and balanced economy in Zimbabwe