Jamil Mubarak

From Bad Policy to Chaos in Somalia (eBook, PDF)

How an Economy Fell Apart

• Format: PDF

Produktbeschreibung

This examination of the economic policies of Somalia since 1970 is empirical in nature, employing political and economic analysis, economic theory, and econometric techniques, and argues that the governmental economic policy, policy responses to crises, and exogenous shocks have been bad for the long-term economic growth of the country. Despite significant foreign financed public investment, economic growth has been weak and real per capita income has declined. The intensifying economic crises contributed to the rapid deterioration of the political situation that led to the collapse of the Somali state in 1991. Since 1991, chaos and more destruction has followed as warlords scrambled for power, resulting in the resource base of the economy being eroded further and the country being reduced to warring clans.

Produktdetails

• Verlag: Bloomsbury Publishing Inc
• Seitenzahl: 200
• Altersempfehlung: ab 7 Jahre
• Erscheinungstermin: 18. Juni 1996
• Englisch
• ISBN-13: 9781573568975
• Artikelnr.: 37955910

Autorenporträt

JAMIL ABDALLA MUBARAK is a citizen of Somalia who holds an advanced degree from Johns Hopkins University. Dr. Mubarak has lectured at the Somali National University and has served as a consultant to the World Bank.

Inhaltsangabe

Tables and Figures Preface Abbreviations Introduction Economics and
Politics in Somalia: A Background Improper Policy Responses to Exogenous
Shocks The Socialist Development Strategy to the 1970s: The Principal
Origin of the Crises Macroeconomic Consequences of Unsustainable Public
Sector Deficits Ambitious Public Investment and Illusive Economic Growth
Objective Private Savings and Investment in an Inhospitable Environment The
Depressing Effects of Economic Policies on Trade Resilience Amid Chaos: The
Somali Economy After the State Collapsed How the Economy Fell Apart and
What We Have Learned Selected Bibliography Index