November 2017 – Page 2 – Ethiopian Business Review

In Ethiopia, road traffic accident (RTA) has been among the main causes of death. For example, 4,500 people died of RTA in 2016/17. The problem seems staggering in Addis Ababa. In fact, it became one of the top ten causes of deaths in the city in the last decade. The number of deaths due to RTA rose from 395 in 2006/07 to 463 in 2016/17. The city administration, which introduced road traffic safety strategy in March 2017, has launched its action plan recently. With primary targets of halving deaths and injuries by 2023; and providing sustainable transport systems for all by 2030, the action plan establishes a framework to implement a successful road safety programme. EBR explores the strategy and the potential developments to come.

More over the last two decades, the role of the private sector in the Ethiopian economy has been a bone of contention among government officials, business people, experts and the general public. While government officials stress that the private sector is the engine of the economy and there is enough room for businesses to thrive and grow, businesses and experts argue that the public led investment growth model is crowding out the private sector, making it almost irrelevant in the economy.

As the Chinese Communist Party’s 19th National Congress has unfolded, much of the focus has been on who will occupy the key positions in President Xi Jinping’s administration for the next five years. But China’s future trajectory depends crucially on another group of leaders, who have received far less attention: the technocrats who will carry out the specific tasks associated with China’s economic reform and transformation.

In July 2014, in its Ethio¬pia Economic Update entitled ‘Strengthening Export Perfor-mance through Improved Com¬petitiveness’ the World Bank advised the Ethiopian government to devalue its currency to speed up the growth of exports. Empirical evidence presented in this report suggests that a 10Pct lower real exchange rate could increase export growth in Ethiopia by more than five percentage points per year and increase eco¬nomic growth by more than two percentage points.

Macroeconomic data from the world’s advanced economies can be mystifying when viewed in isolation. But when analyzed collectively, the data reveal a troubling truth: without changes to how wealth is generated and distributed, the political convulsions that have swept the world in recent years will only intensify.

Consider, for example, wages and employment. In the United States and many European countries, average salaries have stagnated, despite most economies having recovered from the 2008 financial crisis in terms of GDP and job growth.

Counting the DEAD will the new strategy reduce road Accidents in Addis?

3-D System Approach to Private Sector Development in Ethiopia

Empowering China’s New Miracle Workers

Devaluation in Ethiopia: Why it Doesn’t Boost Export?

Economic Growth is No Longer Enough