Ethiopian economy is one of the least productive economies in the world, and the Ethiopian consumer, with a nominal per capita income of $324 (IMF, 2008) is one of the poorest consumers on earth that barely affords two meals a day. According to the United Nations Human Development Index, an index that measures the level of human development (life expectancy, literacy, Educational attainment and GDP per capita), Ethiopia with the index measure of .406, is ranked 169th in the world. With its abundant natural resources, and its second largest consumer base [≈ 80 million] in Sub-Saharan Africa, Ethiopia is one of the most attractive investment and commodity markets in Africa. Besides, Ethiopia is one of the world’s oldest continuous civilizations with an interconnected culture and history that spans over three millenniums. In fact, this historical continuity and cultural homogeneity is a rare resource that can replicate economic development efforts throughout the country. However, despite its abundant resources and three regimes in just 35 years, Ethiopia is still a textbook example of abject poverty.
Posted on: Wed, 26 Mar 2014 14:23:27 +0000
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