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, …
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 …
Centrally-Planned Or Developmental-Oriented State: A Review Of The Ethiopian Economic System, Asayehgn Desta
Jan 2012
Centrally-Planned Or Developmental-Oriented State: A Review Of The Ethiopian Economic System, Asayehgn Desta
Asayehgn Desta
After adhering to the required draconian conditions laid out by the multi-lateral financial institutions, more than ever the developing borrowing countries were faced with sharply declining living standards, recurring financial crises, rampant inflation and a resulting high rate of unemployment. Then, a number of African countries halfheartedly and with little or no accountability, or transparency, relinquished total responsibility to their governments to manage and direct their economies. While pursuing the command economic system imitated from socialist countries where by the central governments played a pivotal role in planning and programming, Africa faced by ineffective policies, misuse of abundant resources and …
The Effects Of Rent-Seeking In Dissipating Developmental Efforts: The Ethiopian Experience, Asayehgn Desta
Dec 2011
The Effects Of Rent-Seeking In Dissipating Developmental Efforts: The Ethiopian Experience, Asayehgn Desta
Asayehgn Desta
The liberalization measures in Ethiopia for the last seven years have contributed to strong economic growth which has lifted the economic and social well-being of at least some of the more fortunate Ethiopians. The majority of Ethiopians, however, have remained at the margin of this process, failing to share the benefits of economic growth. To tackle the chronic poverty and rampant unemployment that the country is facing, policy makers have attempted more recently to retool the country"s economic structure to mirror the East Asian Developmental State economic model. To rekindle hope for Ethiopia"s economic future, Ethiopia"s Developmental State Model has …
