Iconoclastes
JF-Expert Member
- May 26, 2014
- 4,091
- 2,509
Sam, I beg to differ with u on this, sorry that lately we have not been agreeing on certain issues.There is no distribution of wealth in ethiopia
Let me Summarise what i understand about ethiopian economy
Ethiopia has less money for projects than
Kenya or Tanzania but the only thing making Ethiopia Grow is that they are Autocratic ....they decided to follow the chinese system...
In that In Ethiopia their parliament has all its members coming from the same party
If they want to Construct a road today that will pass through route A which is full of Housing They dont /wont have much resistance their decision is final(government) that is
So with this kind of powee the goveenment has established areas that will add value to the ethiopian economy and put all their money in these sectors neglecting the rest.....they dont have opposition unlike here in Kenya
If government today wants a railway to pass through A
They will get sued or Halted
And rerouted to B then C then finally D 5yrs later
While in Ethiopia the projecy will be already done....like their SGR and GIBE DAM
.......they will have better growth but the wealth will not reach the people in the short term but long run unlike here it will be both but will take a longertime to achieve
Is there a country- a well functioning country with no wealth distribution? That must be a terribly dysfunctional country.
May I tell u that in fact in Ethiopia, even with its small economy (small relative to its immense size), has a better wealth distribution relative to all the other countries in the continent ( cant prove that) And that is the characteristic of nearly all the centrally planned economies.
Wealth disparity is very low in Ethiopia, probably less than any other country in Africa ( Libya is a collapsed state now). That is not to say that the people enjoy better standards of living however. The national income is too small, and it is spread too thin to cushion the citizens needs and also to defray the other key govts expenditures like the ones u have mentioned above......the mega infrastructural developments.