Awakening a Sleeping Giant - the Ethiopian Economy: Ethiopia economy
By Shana Gourdine
It is unavoidable to look at the key growth indicators and the human development index to evaluate how far the country has gone in terms of growth. It is good to ask ourselves how the country is fairing in terms of investments, gross domestic product, consumption, international trade, and stability. These factors play a key role in determining the human development index . Ethiopia has seen a slow but consistent growth in HDI, which is encouraging.
An imbalance of trade will inherently result in low job creation and high unemployment, eventually negatively affecting the economy. Minimizing imports does not mean foregoing basic commodities. No, it means being creative enough to produce what they can and substitute some imports. This will leave the economy with a good amount of disposable income that could go into social services.The relationship between economic growth and employment remains a complex one.
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