Amhara President Gedu escorted through the back door without answering the questions
Ethiopia: Amhara President Gedu escorted through the back door without answering the questions
Supporters of the model go extra miles to show that the time is up for state capitalism all around the world, from Iran to Russia and onto China, that there is no justification for the Ethiopian state to abandon a model involving an interventionist state. Mention of Prime Minister Abiy’s parliamentary speech, wherein he proclaimed that the state is here to stay in the economy, and his repeated attempt to stand by the poor (and his sympathetic phrasings) are also used to argue that little would change in the form of the economic model.
When pushed to justify the sort pf unconventional economic policies that the new administration has taken, such as privatization of strategic state-owned enterprises (SoEs) and indications of opening the economy, the statists claim that it is just a balancing act. And they argue that the act is important to sustain the economic growth (specifically Gross Domestic Product (GDP) expansion) of the past 16 years.