The recent Monetary Statement by the Reserve Bank of Zimbabwe revealed the relaxation of the foreign exchange market aimed at floating the Zimbabwe Dollar. This represents one step in the right direction only if backed by an active and aggressive growth of export revenues. This is urgent given that a floating currency not backed by exports leaves the currency exposed to wild speculative attacks. Zimbabwe needs to take immediate steps to reclaim its position in the international Trade arena which is the exchange of goods and services across national borders. In most countries, it represents a significant part of National Output. While international trade has been present throughout much of history its economic, social, and political importance have increased in recent centuries, mainly because of Industrialisation, advanced transportation, globalisation, multinational corporations, and outsourcing. In fact, it is probably the increasing prevalence of international trade that is usually meant by the term "globalization".
