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Full-Text Articles in Social and Behavioral Sciences
Reversing Ethiopia's Intellectual Capital Flight, Asayehgn Desta
Reversing Ethiopia's Intellectual Capital Flight, Asayehgn Desta
Asayehgn Desta
Recently, the Ethiopian Government drafted a five year plan (2010 to 2015) to achieve the country’s economic growth. When Ethiopia’s Growth and Transformation plan was analyzed in light of the new growth theory and traced historically in terms of the push and pull factors that contributed to the flight of skilled Ethiopians to more advanced countries, it was found that over the years Ethiopia has funded the education of its nationals only to see them contributing to the growth of developed countries. Being stripped of skilled human capital, leaving it ill prepared to face globalization and survive in the new …
Banking Sector Reform In Ethiopia, Admassu Bezabeh, Asayehgn Desta
Banking Sector Reform In Ethiopia, Admassu Bezabeh, Asayehgn Desta
Asayehgn Desta
The fragile and inefficient state-dominated banking sector that existed in Ethiopia during the military government (1974-1991) was a major hindrance to economic growth. Since it took power in 1991, the current government has implemented a number of reforms. For instance, in 1994, the government legalized domestic private investment in the banking industry. In addition, it restructured the two development banks as commercial banks, and introduced a new Banking and Monetary Proclamation that gave more autonomy and further clarified the National Bank of Ethiopia’s activities as the regulator and supervisor of the banking sector. Although these measures have led to marginal …