WAR-TORN ERITREAN ECONOMY – SOME ISSUES AND TRENDS

Rena, Ravinder (2006): WAR-TORN ERITREAN ECONOMY – SOME ISSUES AND TRENDS. Published in: Man and Development , Vol. 29, No. 1 (10 March 2007): pp. 171-181.

Abstract

The three decades of armed struggle, the subsequent drought, and deliberate policies of neglect and mismanagement by the last two regimes in Eritrea made growth of the Eritrean economy practically impossible. After independence, the country achieved a steady growth for some years. However, due to the border conflict with Ethiopia, the economy was characterised by severe macroeconomic imbalances and unusually high level of public expenditure. Poverty and inflation also increased many folds. Both domestic and external public debts reached unsustain¬able levels. Thus, an attempt is made in this paper to delve into some important trends of the Eritrean economy before and after 1998. The paper highlights some of the key economic issues like education, health, infrastructure, unemployment, poverty etc., and provides some concluding remarks.

• Item Type: MPRA Paper
• Language: English
• Keywords: War Torn Eritrean Economy, Economic growth, Human Development, Economic Integration
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; E - Macroeconomics and Monetary Economics > E0 - General > E01 - Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts

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