According to the most noted Ethiopian macro-economist and the current department head at Addis Ababa University, economic performance in Ethiopia is highly correlated with the political process (Geda, 1998). Ethiopia has passed decades of economic stagnation and fluctuation as a result of continuing change in policies and political environment. The political system doesn’t seem to follow the traditional trend of socio-political development. This is observed when the military revolution in 1974 overthrew the Imperial regime, where the country moved from a relatively free market system to centrally planned one. It is only after the ruling party EPRDF defeated the revolutionaries that the free market system is somewhat
According to the most noted Ethiopian macro-economist and the current department head at Addis Ababa University, economic performance in Ethiopia is highly correlated with the political process (Geda, 1998). Ethiopia has passed decades of economic stagnation and fluctuation as a result of continuing change in policies and political environment. The political system doesn’t seem to follow the traditional trend of socio-political development. This is observed when the military revolution in 1974 overthrew the Imperial regime, where the country moved from a relatively free market system to centrally planned one. It is only after the ruling party EPRDF defeated the revolutionaries that the free market system is somewhat