Why is Ethiopia Poor?

Byalmariam

First, Why is Africa Poor? George Ayittey, the renowned Ghanaian economist and president of the Free Africa Foundation swears that “Africa is poor because she is not free”. Like Ayittey, Robert Guest, business editor for The Economist, in his book The Shackled Continent (2004), declares that “Africans are poor because they are poorly governed.” He argues that…

The Moral Hazard of U.S. Policy in Africa (Part I)

Byalmariam

Note: In ongoing commentaries, the author examines the Obama Administration’s policy in Africa. Moral Hazard and Moral Bankruptcy The concept of ‘moral hazard’ in politics may be used to explain a situation in which a government is insulated and immunized from the consequences of its risky, reckless and incompetent behavior. For instance, a regime that…