Impact of virtual cash economy on livelihood outcomes of informal cross border traders in Gweru, Zimbabwe

Informal Cross Border Trade (ICBT) is a viable economic activity for many people, in Zimbabwe, who have depended on it for survival during economic hardships. Due to climate change, agriculture cannot be depended upon for survival and people are increasingly depending on ICBT for a livelihood. Despi...

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Main Authors: Dzawanda, Beauty, Nicolau, Melanie D., Matsa, Mark
Format: Article
Language:English
Published: Springer 2022
Subjects:
Online Access:https://www.springerprofessional.de/en/impact-of-virtual-cash-economy-on-livelihood-outcomes-of-informa/19147940
http://hdl.handle.net/11408/4659
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author Dzawanda, Beauty
Nicolau, Melanie D.
Matsa, Mark
author_facet Dzawanda, Beauty
Nicolau, Melanie D.
Matsa, Mark
author_sort Dzawanda, Beauty
collection DSpace
description Informal Cross Border Trade (ICBT) is a viable economic activity for many people, in Zimbabwe, who have depended on it for survival during economic hardships. Due to climate change, agriculture cannot be depended upon for survival and people are increasingly depending on ICBT for a livelihood. Despite a crucial role in providing for many, ICBT has been negatively affected by changes in the fiscal economy, specifically, the adoption of virtual cash in a time of cash crisis. This paper examines the impact of the virtual cash economy on the livelihood of participants in ICBT in Gweru, Zimbabwe. Qualitative data was collected and subjected to inductive analysis. Results revealed a positive livelihood outcome for traders prior to the virtual cash economy, followed by a negative outcome when virtual cash payments increased. The paper presents a framework that highlights the importance of cash, to ensure the success and sustainability of ICBT in the city of Gweru. The paper concludes with the recommendation that ICBT should be integrated into policy to address identified issues that affect economic benefits of ICBT, to ensure its sustainability in the provision of essential livelihood needs in line with Sustainable Development Goals.
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spelling ir-11408-46592022-06-27T13:49:06Z Impact of virtual cash economy on livelihood outcomes of informal cross border traders in Gweru, Zimbabwe Dzawanda, Beauty Nicolau, Melanie D. Matsa, Mark virtual cash economy livelihood outcomes cross border traders Informal Cross Border Trade (ICBT) is a viable economic activity for many people, in Zimbabwe, who have depended on it for survival during economic hardships. Due to climate change, agriculture cannot be depended upon for survival and people are increasingly depending on ICBT for a livelihood. Despite a crucial role in providing for many, ICBT has been negatively affected by changes in the fiscal economy, specifically, the adoption of virtual cash in a time of cash crisis. This paper examines the impact of the virtual cash economy on the livelihood of participants in ICBT in Gweru, Zimbabwe. Qualitative data was collected and subjected to inductive analysis. Results revealed a positive livelihood outcome for traders prior to the virtual cash economy, followed by a negative outcome when virtual cash payments increased. The paper presents a framework that highlights the importance of cash, to ensure the success and sustainability of ICBT in the city of Gweru. The paper concludes with the recommendation that ICBT should be integrated into policy to address identified issues that affect economic benefits of ICBT, to ensure its sustainability in the provision of essential livelihood needs in line with Sustainable Development Goals. 2022-01-14T09:55:15Z 2022-01-14T09:55:15Z 2021 Article 1874-6330 https://www.springerprofessional.de/en/impact-of-virtual-cash-economy-on-livelihood-outcomes-of-informa/19147940 http://hdl.handle.net/11408/4659 en Urban Forum;Vol.32 , Iss.4 open Springer
spellingShingle virtual cash economy
livelihood
outcomes
cross border traders
Dzawanda, Beauty
Nicolau, Melanie D.
Matsa, Mark
Impact of virtual cash economy on livelihood outcomes of informal cross border traders in Gweru, Zimbabwe
title Impact of virtual cash economy on livelihood outcomes of informal cross border traders in Gweru, Zimbabwe
title_full Impact of virtual cash economy on livelihood outcomes of informal cross border traders in Gweru, Zimbabwe
title_fullStr Impact of virtual cash economy on livelihood outcomes of informal cross border traders in Gweru, Zimbabwe
title_full_unstemmed Impact of virtual cash economy on livelihood outcomes of informal cross border traders in Gweru, Zimbabwe
title_short Impact of virtual cash economy on livelihood outcomes of informal cross border traders in Gweru, Zimbabwe
title_sort impact of virtual cash economy on livelihood outcomes of informal cross border traders in gweru, zimbabwe
topic virtual cash economy
livelihood
outcomes
cross border traders
url https://www.springerprofessional.de/en/impact-of-virtual-cash-economy-on-livelihood-outcomes-of-informa/19147940
http://hdl.handle.net/11408/4659
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AT matsamark impactofvirtualcasheconomyonlivelihoodoutcomesofinformalcrossbordertradersingweruzimbabwe