The Ethiopian economy, 1974-94

Ethiopia is widely associated with poverty and famine. Yet with the end of the civil war and the replacement of the socialist government in 1991, much hope rests on the move towards democracy and a market-led mixed economy. The Ethiopian Economy 1974-94 examines the discredited socialist policy of Ethiopia Tikdem (Ethiopia First) and its effect on economic performance. The work also looks at more recent events including the transitional economic policy - both expected and actual - and the future prospects for Ethiopian growth and development. Throughout, the author adopts an economic-systemic approach and places his analysis within a general equilibrium framework. The economic issues are also considered within their political context. The Ethiopian Economy 1974-94 provides a valuable, up-to-date empirical analysis of the performance of the Ethiopian economy over the last two decades.