The Ethiopian Economy: Proud Of High Deficit?
published 587 days, 19 hours, 33 minutes ago posted by adminadmin 587 days, 19 hours, 34 minutes ago
Wednesday, June 30, 2010 8:06:35 AM GMT Wednesday, June 30, 2010 8:05:00 AM GMT
Had Friedman been the adviser to Meles Zenawi, he likely would have argued the importance of a balanced budget for Ethiopia, one of the poorest nations in the world. Such an ‘outdated’ hypothesis simply does not hold true for this nation. For the last forty years, the economy has experienced huge budget deficits accompanied by sluggish economic growth. Under the two most recent regimes-the Derg and now the EPRDF-expenditures have reached their maximum, to little public benefit.
Digg It category: Economy | | source: addisnegeronline.com | show counter code tags: Bank, economy, ethiopia, news about ethiopia

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