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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.
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The developmental strategies, economic policies, and policy responses to exogenous shocks in Somalia since 1970 has led to crises undermining growth and stability.
Few books are in print (in the US) about the Somalia economy. Thus, Mubarak's work will help fill the void.... The author uses both political economy and economic analysis to explain the Somalian experience, placing the blame for the poor performance of the Somalian economy on the policies followed by the government.
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- PublisherPraeger
- Publication date1996
- ISBN 10 0275954862
- ISBN 13 9780275954864
- BindingHardcover
- Number of pages200
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From Bad Policy to Chaos in Somalia
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From Bad Policy to Chaos in Somalia: How an Economy Fell Apart by Mubarak, Jamil [Hardcover ]
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From Bad Policy to Chaos in Somalia: How an Economy Fell Apart
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From Bad Policy to Chaos in Somalia (Hardcover)
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Book Description Hardcover. Condition: new. Hardcover. 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. 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. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780275954864
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From Bad Policy to Chaos in Somalia: How an Economy Fell Apart
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