Ethiopia’s Economy: Time for the West to Call a Spade a Spade June 11, 2015
Posted by OromianEconomist in Uncategorized.Tags: Africa Rising, Dead Aid, Development, Economic growth, economics, Ethiopia, Human development Index, land and water grabs in Oromia, poverty
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The western media and its sponsors have gone to great lengths to present Ethiopia as a democratic nation whose economy is growing by “double digits”. The suffering Ethiopian people know better but have been muffled and prevented from expressing their aspirations and dreams by a minority mercenary regime. Over the last decade, Ethiopia has been hailed as the “fastest growing non-oil economies” in Africa, maintaining a double-digit annual economic growth rate. Ethiopia’s Gross Domestic Product may have grown (court is still out on that) but according to Simon Kuznets, “the welfare of a nation can scarcely be inferred from a measure of national income.” The measure was never intended as much more than a useful accounting device.
Reports on Ethiopia’s GDP say:
- “…For the past 10 years, the country has registered an average 10.9 real GDP (Gross Domestic Product) growth rate and this trend has shown us that the country…
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