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Growth and Development

Selected Works

Asayehgn Desta

Articles 1 - 12 of 12

Full-Text Articles in Economics

Reversing Ethiopia's Intellectual Capital Flight, Asayehgn Desta Nov 2015

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 …

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Banking Sector Reform In Ethiopia, Admassu Bezabeh, Asayehgn Desta Oct 2015

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 …

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Sustainable Local Development. The Revitalization Of The Town Of Adwa (Ethiopia) Through Community-Based Endogenous Projects, Asayehgn Desta Sep 2014

Sustainable Local Development. The Revitalization Of The Town Of Adwa (Ethiopia) Through Community-Based Endogenous Projects, Asayehgn Desta

Asayehgn Desta

Over the years, either self-initiated or by funding from development agencies, a number of developing countries have implemented various programs to tackle poverty. This case study was inspired by the One Village One Product (OVOP) movement initiated in the Oita Prefecture region of Japan. Given the positive aspects of the OVOP, the purpose of the study is to transfer some aspects of the OVOP movement in order to revitalize the town of Adwa, Tigrai, Ethiopia. The case study therefore suggests some possible community-based endogenous projects that could revitalize the town of Adwa, Tigrai, Ethiopia. As a result of the initiative …

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Tackling Poverty By Ethiopians Or Globalization Wave: A Book Review, Asayehgn Desta Sep 2014

Tackling Poverty By Ethiopians Or Globalization Wave: A Book Review, Asayehgn Desta

Asayehgn Desta

No abstract provided.

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From Economic Dependency And Stagnation To Democratic Developmental State: Essays On The Socio-Political And Economic Perspectrives On Ethiopia, Asayehgn Desta Feb 2014

From Economic Dependency And Stagnation To Democratic Developmental State: Essays On The Socio-Political And Economic Perspectrives On Ethiopia, Asayehgn Desta

Asayehgn Desta

The span of the book entitled From Economic Dependency and Stagnation to Democratic Developmental State: Essays on the Socio-political and Economic Perspectives of Ethiopia provides readers with an understanding of the historical context of Ethiopian history, education, and development. Especially illuminating is the emphasis on the intersections between foreign investment, local customs, and other Ethiopian power structures, such as government.

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The Viability Of Malaysian Developmental State For Africa In An Era Of Economic Globalization, Asayehgn Desta Nov 2012

The Viability Of Malaysian Developmental State For Africa In An Era Of Economic Globalization, Asayehgn Desta

Asayehgn Desta

Despite the implementation of several economic development blueprints in Africa for the last 60 years, the poverty rate of Sub Saharan Africa (SSA) has increased from two hundred million in 1981 to almost three hundred eighty million in 2005. Entrepreneurial creativity and ingenuity were stifled and a number of African states became unstable when ruled by despotic rulers. To revitalize Africa’s development process in the 21st century, the Economic Commission for Africa (ECA) has challenged the African states to refute the intolerable conditions required by the Neo-liberal policies of the Washington Consensus to borrow capital from the International Monetary Fund, …

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The Continuing Saga Of Globalism: Comparing Ethiopia’S Developmental State Strategies To Those Of Malaysia, Asayehgn Desta Oct 2012

The Continuing Saga Of Globalism: Comparing Ethiopia’S Developmental State Strategies To Those Of Malaysia, Asayehgn Desta

Asayehgn Desta

Using the conceptual framework of a developmental state, forwarded by the Economic Commission for Africa, it was found that Ethiopia’s democratic developmental state is unique and operates differently from the Malaysian developmental state model. Economically, Ethiopia has recorded staggering economic growth since it adopted the developmental state. The Malaysian developmental state was developed to be market-oriented and as a result Malaysia’s GDP grew at 5.23 percent from 2005-2011. Malaysia’s incidence of poverty declined from 49% in 1970 to less than 5% in 2000. Ethiopia has focused on a planned developmental state, without speeding the direction of industrialization, and has achieved …

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Economic Growth And Income Convergence In Ethiopia: A Critique, Asayehgn Desta Jan 2011

Economic Growth And Income Convergence In Ethiopia: A Critique, Asayehgn Desta

Asayehgn Desta

In its review of Ethiopia’s economy, the International Monetary Fund (IMF) has indicated that Ethiopia has been attaining economic growth for the past seven years. In addition, the IMF highlights that the lifestyle of the Ethiopian people has been getting better for the last two decades. In his recent statement, the Prime Minister of Ethiopia has stated that Ethiopia has not only registered rapid economic growth but the income from economic growth has been redistributed equitably. Over the last twenty years, Ethiopia has gone through various structural changes. However, unless the Ethiopian population is experiencing extreme poverty that is undetected, …

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Microcredit For Poverty Alleviation And Fostering Environmentally Sustainable Development: A Review Of African Case Studies, Asayehgn Desta Feb 2010

Microcredit For Poverty Alleviation And Fostering Environmentally Sustainable Development: A Review Of African Case Studies, Asayehgn Desta

Asayehgn Desta

With the hastening of the global poverty crisis and the absence of an adequate social safety net for those marginalized and vulnerable sections of society in the less developed countries, a number of researchers have moved beyond the relentless pursuit of short-term toward long-term anti- poverty, environmentally sustainable paradigms to assist chronically poor sectors of society. Though a remarkably polarizing issue, in the last three decades microcredit programs have been made available to the chronically poor as a viable option to involve them in the formal economic sector. It is assumed that the disadvantaged groups will become productive members of …

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Economic Growth For Inflation: The Ethiopian Dilemma, Asayehgn Desta Dec 2008

Economic Growth For Inflation: The Ethiopian Dilemma, Asayehgn Desta

Asayehgn Desta

No abstract available

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Environmentally Sustainable Economic Development, Asayehgn Desta Sep 1999

Environmentally Sustainable Economic Development, Asayehgn Desta

Asayehgn Desta

Can sustainable economic development be achieved without strong environmental protections? Bringing together theoretical issues in development economics and a wide range of empirical evidence, this book examines this question and explores ways that environmental sustainability has been—and might be—incorporated into existing theories of economic development. Protection of the environment is an essential part of development, and the best chance for achieving long-term sustainable development is to systematically incorporate environmental issues into key aspects of economic development paradigms. To show this, Desta makes use of theoretical approaches, draws policy implications, and illustrates each point with in-depth case studies from developing countries.

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Africa's External Debt In Perspective, Asayehgn Desta Dec 1987

Africa's External Debt In Perspective, Asayehgn Desta

Asayehgn Desta

A review of the literature indicates that three hypotheses have been advanced as possible explanations of the LDC debt crisis: imprudent lending, the mismanagement of borrowed funds, and the international economic situation. To test these hypotheses and isolate the determinants of Africa's external debt, multiple regression analyses were performed on data drawn from World Bank sources and the Bank for International Settlement on forty-three African countries. The conclusion that can be drawn from the data analyses is that Africa's indebtedness is not due to imprudent lending policies. On the other hand, it is possible to argue that the borrowed funds …

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