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Asayehgn Desta

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Full-Text Articles in International and Area Studies

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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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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Saga Of African Underdevelopment: A Viable Approach For Africa's Sustainable Development In The 21st Century, Tetteh A. Kofi, Asayehgn Desta Jun 2008

Saga Of African Underdevelopment: A Viable Approach For Africa's Sustainable Development In The 21st Century, Tetteh A. Kofi, Asayehgn Desta

Asayehgn Desta

The Saga of African Underdevelopment examines in careful detail the economic conditions in Africa during the pre-colonial and colonial periods. The authors argue eloquently that most of the development paradigms that were used to transform African economies, under free trade imperialism or under colonial and postcolonial periods were incompatible with the African system of thought and traditional production systems or mode of production. Following this, they propose a bold development strategy to reverse the dismal economic performance of African countries in the post independence period.

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