የኢትዮዽያውያን ዴሞክራቶች ድረ-ገፅEthiopian Democrats' Website

Building Institutions to Ensure Sustainable Growth

By: Abis Getachew Makuria:  abisgetachew@yahoo.com

Though there are different factors that determine the economic growth, economists agree that huge capital accumulation is the source of economic growth in the proximate growth models. Some countries are able to attract massive capital while others fail to do so. According to the principles of fundamental sources of growth, political...

The years after the great depression of the 1930s were dominated by Keynesian economic thinking, which suggests that there must be a continuous increase in the level of inflation in order to achieve economic growth and, hence, to reduce unemployment. In other words, there exists a positive long-term relationship between inflation and economic growth.

However, this thinking was questioned by monetarists in the early 1970s when inflation could not reduce the level of unemployment. Inflati...

Source: Fortune;

Dear editors,

If we compare Ethiopia and the United States in living standards, sampling mansions of Bole District in Ethiopia and shanties on the south side of Chicago in the US, we might end up concluding that Ethiopia has a better living standard. Such was Getachew Alemu’s comparison of efficiencies of the state and the private sector in his opinion piece headlined, “Where Government Supersedes” (Volume 12, Number 609, December

31, 2011)...

by Jawar Mohammed

Earlier this week, one of the several OLF factions announced that it had adapted a new political program that apparently drops the ‘secessionist’ agenda. This announcement was preceded and followed by hyped fanfare by Ginbot 7 and its affiliates.

The news had excited a segment of Ethiopia’s political community long haunted by the prospect of an independent Oromia state and those democracy activists who wish to see coope...

Source: Fortune;

Every year has its own ups and downs for policy makers. As pleasant as it had been for Sub-Saharan Africa, especially in economic fronts, 2011 had witnessed widespread instability around the world. From political upheavals in North Africa and Middle East to sovereign debt crisis in Europe, mounting uncertainty was typical of each day of the year.

Diffusing fear caught many volatile countries in Africa with states expanding safety nets and renewing social contracts...

Source: Fortune;

A potent combination of an overheated state-led economy, spiraling inflation, grain shortages, and a bulging population could lead to a bust, if not corrected as early as possible, observes this writer, whose identity Fortune withheld upon request. Rejection of policy alternatives is no longer an option for the government, he argues.

The notion that state-led development can avoid the boom and bust cycle normal in capitalism is being severely tested in E...

Addis Ababa, November 29, 2011 (Addis Ababa) - The Annual Joint Forum of political parties was held here on Tuesday.

The forum had reached consensus after holding an in-depth discussion on issues of national interest.

The members of the Forum have approved the establishment of Political Parties' Joint Forum at Woreda, Zonal and Regional levels.

Consensus has also been reached among the members of the Forum that the establishment of the Forum should be further be consolidated...

Addis Ababa, November 29, 2011 (Addis Ababa) - The Annual Joint Forum of political parties was held here on Tuesday.

The forum had reached consensus after holding an in-depth discussion on issues of national interest.

The members of the Forum have approved the establishment of Political Parties' Joint Forum at Woreda, Zonal and Regional levels.

Consensus has also been reached among the members of the Forum that the establishment of the Forum should be further be consolidated...

Source: Capital;

Officials of the Ethiopian Revenue and Customs Authority (ERCA) came under fire from High End Tax payers at a consultation meeting organized by ERCA, on Friday November 11.

At the National Lottery Administration meeting hall, Addis Ababa tax payers grievingly accused employees of the tax authority as incompetent.

The meeting was held to raise awareness among a community of business owners who pay large amounts in taxes.

Nebyou Samuel, Deputy Directo...

Rise in aggregate commodity price has continued to eat away incomes, predominantly driven by loose monetary policy, observes Mesfin Tekle - mesfint@gmail.com - a derivative specialist residing in Toronto, Canada. Aside inflexible monetary policy, he argues, political monopoly aggravates the burden of inflationary pressure on the poor.

Source: Fortune;

Birr, Popcorn: Easily Expandable but Light Weight

(pdf) በቅርቡ ዜጎች የከተማ ቦታን በሊዝ ብቻ እንዲይዙ የሚያስገድድ አዲስ አዋጅ ታውጇል፡፡ ይህ በህዝብ /...