Ethiopian Business Review

In emerging markets, manufacturing has historically been a source of productivity, growth, and jobs. Since the 1950s, industrialization has kept economies in Latin America, Asia, and Eastern Europe on a steady glide toward higher stages of development.

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The recent revelation that more than 50 million Facebook profiles were harvested by app and given to political consultancy Cambridge Analytica has produced a backlash against the platform. But it is just the latest example of the risks associated with the Internet, which forms the core of today’s digital revolution.

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Democratic governance is instrumental in delivering economic, social, scientific, technological, and cultural progress. Through generations of political stability the defining hallmark of which is equality, rule of law, and accountability, democratic governance speeds up development even more. No other systems were or could be able to deliver this.

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