Ethiopia: Africa’s Economic Powerhouse?

Rising Powers

Ethiopia

Can Ethiopia make the leap from a high performing frontier market dependent on commodity exports to a middle income country with a sizeable industrial sector and in the process become one of Africa’s biggest economies? The government hopes the answer to this question is positive and lies through adopting agricultural led industrialization as determined by its five year growth and transformation plan (GTP). For a long time Ethiopia has been a prisoner of its past, Marxist revolutions, the Red Terror and biblical famines are now thankfully fading memories, but at the same time many problems cannot be masked by its current high growth, the country remains poor and many believe substandard governance will hold it back in the longer term.

Crossroads

Countries at a crossroad are a cliché in language of politics and economics, but it is safe to say Ethiopia is certainly at an interesting point in its development…

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