Sunday, August 22, 2004

Economic Developments in Ethiopia

Ethiopundit has been providing unparalleled coverage of developments in the horn of Africa region for a while now, and over the last two weeks he's provided a most informative series of posts on matters to do with economic management and infrastructure.

One thing that one takes away from reading these entries that, as is all too common in Africa, the biggest obstacle to growth isn't so much a lack of human talent as of an obstructionist government for which economic prosperity is low on the list of priorities, especially if it can only be obtained at the cost of less control. People who talk nonsense about "capitalism" and "globalization" being the causes of African poverty really have no clue what they're talking about.