Tag Archives: inequality

የኢንቨስትመንት ኮሚሽን የተመድ ሪፖርት “እውነታ ቢኖረውም ሙሉ ገጽታውን አያሳይም” ቅሬታ አሰማ!

29 Jan

Posted by The Ethiopia Observatory (TEO)

ከዓለም የኢንቨስትመንት መዳረሻ አገሮች ተርታ በተሠለፈችበት አፍታ ከደረጃዋ እየተንሸራተተች የወጣችው ኢትዮጵያ፣ ካስመዘገበችው የ2.5 ቢሊዮን ዶላር ኢንቨስትመንት ውስጥ ከ60 በመቶ ያላነሰው በቻይና ኩባንያዎች አማካይነት የሚካሄዱ ፕሮጀክቶች የያዙት ድርሻ እንደሆነ በሪፖርቱ ተመልክቷል

 

የኢትዮጵያ ኢቨስትመንት ኮሚሽን የተባበሩት መንግሥታት ድርጅት (ተመድ) ያወጣውን የኢንቨስትመንት መግለጫ ሪፖርት እንደማይቀበል በመግለጽ፣ ሪፖርቱ ሙሉውን እውነታ አላሳየም ሲል ቅሬታውን አሰማ፡፡

የኢንቨስትመንት ኮሚሽን ምክትል ኮሚሽነር አቶ ተመስገን ጥላሁን ሰሞኑን ስለወጣው የተመድ ‹‹ኢንቨስትመንት ትሬንድስ ሞኒተር›› የተሰኘውና እ.ኤ.አ. የ2019 ዓመትን የቃኘው ሪፖርት፣ ‹‹እውነታ ቢኖረውም ሙሉ ገጽታውን አያሳይም፤›› በማለት ለሪፖርተር አስታውቀዋል፡፡

እንደ ምክትል ኮሚሽሩ ገለጻ ሪፖርቱ የሙሉ ዓመቱን መረጃ አላካተተም፡፡ ይኸውም ከዓመቱ መካከል የአንድ ሩብ ዓመት የኢንቨስትመንት መረጃን ያላካተተ የተመድ የንግድና የልማት ጉባዔ ያወጣው የኢንቨስትመንት ሪፖርት በመሆኑ፣ እንደማይቀበሉት አቶ ተመስገን ተናግረዋል፡፡ ይህም ይባል እንጂ እውነታ የለውም ማለት እንዳልሆነ አልሸሸጉም፡፡

ባለፉት ሁለት ዓመታት ውስጥ የተመዘገበው የኢንቨስትመንት ፍሰት እያሽቆለቆለ መምጣቱን ያስታወሱት አቶ ተመስገን፣ በኢትዮጵያ እየታየ ባለው የፀጥታ ችግርና በመሳሰሉት ምክንያቶች እየቀነሰ ቢመጣም፣ ባለፉት ስድስት ወራት ውስጥ ከ1.6 ቢሊዮን ዶላር ያላነሰ ካፒታል ያስመዘገቡ የኢንቨስትመንት ፕሮጀክቶች መኖራቸውን ምክትል ኮሚሽነሩ አስረድተዋል፡፡ ይህ የኮሚሽኑን የ70 በመቶ ዕቅድ እንደሚወክልም ገልጸዋል፡፡

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Developmental state thesis, the prime mechanism for “getting something done”

4 Apr

Posted by The Ethiopia Observatory (TEO)

by Kebour Ghenna

Last week my 18 year old niece wanted to know if PM Abye Ahmed is running a developmental or liberal administration.

Not having read Friedrich Hayek, Milton Friedman or understood Leon Walras, Vilfredo Pareto or even Rosa Luxemburg to understand the heart of many economic theories, I was careful not to say stupid stuff.

On a more realistic level we tend to miss that Developmentalism and economic liberalism are two forms of capitalism.

Yes Dear readers, capitalist societies will either be developmental or liberal depending on how they set their major institutions, namely the state and the market. Economic liberalism gives full primacy to an idealized free market, while developmentalism brings into play both state and market (supposedly) in a more balanced way. The two capitalist systems are also based on separate ideologies, one based on the role played by the market and the other on the role of moderate intervention by the state in the economy. You look closely at the two forms and you’ll obviously find many gradations and permutations in commitment to both creeds.

Personally let me confess that I have an ideological bias, and so would like to argue that developmentalism – the one that combines moderate but effective state intervention in production and in the distribution of income – is a more balanced form of coordinating capitalism than economic liberalism, and generates more growth with financial stability. It reflects the needs of aspiring industrializing nations like Ethiopia to catch up with more advanced capitalist economies. It rejects the self-regulating market ideal, and the individualism underlying it, calling instead for cooperative relations among government, business and labor under state leadership to increase substantially the material wellbeing of its citizens while also advancing key political objectives defined by modern societies: national autonomy, social order, individual freedom, social justice and protection of the environment.

On the other side the market is unbeatable whenever there is effective competition because it allocates resources more efficiently. Still the state is supposed to coordinate the non-competitive sector, such as, the interest rate, the inflation rate and the exchange rate, the distribution of income, and the protection of the environment –areas where there is no real competition and where the market fails to deliver.

One more thing, a developmental state is oriented towards social democracy, because it will limit the capacity of the rich to capture the state and buy prestige, political power and privilege. The social-democratic state has no objection to capitalists using their money to buy luxury goods and services but seeks to promote social justice within the framework of a representative democratic polity and a capitalist economy.

Now let me stop and try to reply to my niece.

Between developmental capitalism and liberal capitalism there is a grey area. There are moments when it is difficult to identify the character of capitalism because in some countries governments have turned liberal but the state continues to intervene in the economy.

As I said markets are an excellent institution, but the only thing that they do well is coordinate competitive activities. Given the complexity of the major modern economies, given the existence of non-competitive industries, given the repeated failure of markets to establish the right macroeconomic prices, neoliberalism cannot be a stage of capitalism. It failed in Eastern Europe. It failed in Eastern Europe. It suffered a definitive defeat in 2008 in the West. How could we then view neoliberalism as the best form of capitalism for Ethiopia?

/Source: author’s Facebook

 

 

 

 

 

Obscene wealth & obscene poverty: Just eight men own same wealth as half the world

16 Jan

Posted by The Ethiopia Observatory (TEO)
Oxfam report  

Eight men* own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.

Oxfam’s report, ‘An economy for the 99 percent’, shows that the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.
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A Muffled Insurrection in Ethiopia, STRATFOR Analysis

19 Aug

Posted by The Ethiopia Observatory (TEO)
 

“The Oromo and Amhara protest movements could change the course of Ethiopia’s future…”

 

Summary

Ethiopia’s government, led by Prime Minister Hailemariam Desalegn, has contended with protests for nearly a year. The government’s efforts to quell the unrest have made headlines and drawn international criticism of late, but its problems go well beyond humanitarian concerns. Since the mid-1970s, Ethiopia underwent several periods of upheaval that changed not just the leaders of the country but also the political system and institutions that govern it. Now, with ethnic discontent reaching a new high and the tendrils of insurgency starting to re-emerge, Desalegn’s administration faces the greatest challenge to its rule yet.
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The Rotten Foundation of TPLF-engineered Ethiopia’s Economic Boom, Foreign Policy magazine

23 Mar

Posted by The Ethiopia Observatory (TEO)
by Jacey fortune
 

Brutal repression was the secret to the country’s rapid rise. It could also bring it crashing down again.

Another day of mourning for an Ethiopian Oromo, whose life has been sniffed out by TPLF’s murderer Agazi, a crack force reserved to impose repression over Ethiopians (author’s picture)

ADAMA, Ethiopia — For those who would speak frankly about politics in this landlocked East African country, the first challenge is to find a safe space.
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Living dirt poor in the midst of glamour in Ethiopia                                                        – Addis Standard

11 Feb

Posted by The Ethiopia Observatory (TEO)
by Kalkidan Yibeltal
 
The latest report assessing Ethiopia’s progress in meeting the Millennium Development Goals (MDG) released in October 2015 commended Ethiopia for being on track to attain five of the eight targets while achieving its target of reducing child mortality by two thirds ahead of time.
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“የወገኖቻችን ስቃይ፣ ችግርና ብሶት በያለንበት ይሰማን፤ ለመፍትሔውም በጋራ እንነሳ!”                                    – የአርበኞች ግንቦት 7 መግለጫ

3 Dec

Editor’s Note:

A bit belated, and yet a timely and potent message by Arbengoch Ginbot 7!
 

Posted by The Ethiopia Observatory (TEO)

AG7 emblem“ግፍ ሞልቶ የፈሰሰበት ወቅት ላይ እንገኛለን። የአንደኛ ደረጃ ተማሪዎች የሆኑት ሕፃናት በፌዴራል ፓሊስ ጥይት የሚገደሉበት አሳዛኝ ወቅት ላይ ነን፤ ዜጎች በር ተዘግቶባቸው በእሳት እየጋዩ ነው። ሰፊ እና ለም የእርሻ መሬት ለሱዳን በስጦታነት ለመስጠት ዝግጁቱ የተጠናቀቀበት ወቅት ላይ ነን። ከአስር ሚሊዮን በላይ ሕዝብ ተርቧል። በፍትህ እጦት እስር ቤቶች በንፁሃን ዜጎች ተሞልተዋል። ውሀ፣ መብራትና የቴሌፎን አገልግሎት ብርቅ ሊሆኑ ነው። ይህ ሁሉ እየሆነ ግን የሥርዓቱ አገልጋዮችና ደጋፊዎች በህንፃ ላይ ህንፃ እየገነቡ በድሀው ላይ ይሳለቃሉ። የህወሓት አገዛዝ ድህነትን፣ ችጋርን፣ ስደትን፣ የእርስበርስ ግጭቶችን እያባባሰ ኢትዮጵያን እየጋጠ የሚኖር አገዛዝ ነው። አገዛዙ በቀደደልን ቦይ ከተጓዝን ችግሮችን ማባባስ እንጂ ማርገብ እንኳን አንችልም። ይህንን ሥርዓት በቃህ ማለት የአማራ ወይም የኦሮሞ አጀንዳ አይደለም፤ ይህ የሁላችንም – የኢትዮጵያዊያን – ጉዳይ ነው።”
 
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Pope Francis:                                 “We are asked to summon the courage and the intelligence to resolve today’s many geopolitical and economic crises”

25 Sep

By Keffyalew Gebremedhin – The Ethiopia Observatory (TEO)

    “It goes without saying that part of this great effort is the creation and distribution of wealth. The right use of natural resources, the proper application of technology and the harnessing of the spirit of enterprise are essential elements of an economy which seeks to be modern, inclusive and sustainable. “Business is a noble vocation, directed to producing wealth and improving the world. It can be a fruitful source of prosperity for the area in which it operates, especially if it sees the creation of jobs as an essential part of its service to the common good””
    – Pope Francis

 
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