Zeresenay Zeleke (PhD)December 1, 20213

The recent coordinated move by the Biden-led US government and its Western allies against the Ethiopian people has proven, once again, how far they will go in their attempts to restore their fading global hegemony.
It is no surprise that Ethiopia, a sovereign nation with a history of independence and resistance to colonial authority, is considered a threat to the status of the Western block.

Ethiopia has always been a strong symbol of African liberation and freedom. Because of this status, the West and other global powers believe that leaving Ethiopia’s power unchecked sets a dangerous precedence for the rest of Africa and black people everywhere.

Shimelash WondaleNovember 1, 202142

One of the major issues in international hydro-politics is the utilization of transboundary rivers. Although there are existing theories on the use of these bodies of water, they were not universally used in a uniform way. Accordingly, some countries are trying to protect their interests by distorting the meaning of terminologies in these theories.

In other words, in the utilization of transboundary rivers, the upper riparians may consider only their national interest while the lower riparians, on the other hand, exert their utmost effort to keep their interest. To this end, the lower riparians may use amicable negotiation (soft diplomacy) or may wage war (hard diplomacy) against the upper riparian countries.

Yu YongdingOctober 1, 202110

China is having an eventful month, marked by proliferating power-supply disruptions and the debt crisis of the country’s second-largest property developer, Evergrande. What does this mean for China’s post-pandemic economic recovery and growth prospects?

Begin with the energy crisis, which started when a rapid increase in exports – driven by the global recovery – fueled a sharp increase in demand for electricity. China remains dependent on coal for 56.8Pct of its total electricity supply. And yet, in an effort to meet mandatory targets for reducing energy consumption, local governments have shut down many coal mines in recent years.

Samson HailuOctober 1, 202131

Globalization and free trade have now become the axiom of countries worldwide. This is because western countries and institutions that promote globalization and free trade, like the World Bank Group (WBG) and the International Monetary Fund (IMF), have been promoting and pushing the idea relentlessly ever since the end of World War II.

Especially after the 1980s, the notion that globalization is inevitable and free trade benefits everyone has been elevated to high status to become the major global economic philosophy.

Diane CoyleOctober 1, 202116

In the period leading up to the 2008 global financial crisis, a few prescient voices warned of potentially catastrophic systemic instability. In a famous 2005 speech, Raghuram G. Rajan explicitly cautioned that although structural and technological changes meant that the financial system was theoretically diversifying risk better than ever before, it might in practice be concentrating risk. At the time, Rajan was mocked; former US Treasury Secretary Larry Summers was not alone in thinking him a “Luddite.”

Ashenafi AssefaSeptember 1, 202133

The Need to Take Necessary Precautions to Avoid Regret. (Part II)

In the first part of this article, I illustrated some of the national economic and political hardship that can follow financial sector liberalization with empirical evidence from Argentina and Turkey. In this and final part, I shall present two success stories related to financial liberalization: Ghana and China. I will also suggest what Ethiopia should do to minimize the costs and maximize the benefits of its seemingly inevitable liberalization of finance.

Samson HailuSeptember 1, 202111

It was Malcolm X, the African-American Human Rights Activist, who said that “media is the most powerful entity on earth.” Especially in the western world, it is regarded as the most powerful actor in the political realm. In fact, it is so important that it is often called the unofficial fourth branch of government.

Amanyehun R. SisaySeptember 1, 202123

For long, Ethiopia has been known as a hostile country for journalists with a leading record amongst the global community of nations for jailing and incriminating media professionals. This record finally changed in 2019, a year which passed with zero journalists imprisoned and incriminated. The United Nations Educational, Scientific and Cultural Organization (UNESCO) celebrated that year’s World Press Freedom Day in Addis Ababa, as recognition for the country improving the state of its media since the coming to power of Prime Minister Abiy Ahmed and to further encourage the opening up of the space for media freedom.

Ashenafi AssefaJuly 15, 202128

The need to take necessary precautions to avoid regret.

Since the unveiling of the administration’s Homegrown Economic Reform Plan and restart of the accession process with the World Trade Organization (WTO), talks of economic liberalization have been heating up in Ethiopia. Indeed, the liberalization process of the telecom sector is well underway and Prime Minister Abiy Ahmed (PhD) himself has indicated that the hitherto closed financial sector will be next in line. Speeding up of WTO accession is one of the plans in the plan. The government’s aspirations of reforming the economy and WTO accession may imply that the government will inevitably open up the financial sector in the near future, with the ongoing deregulations set as good launching pads.

Abdulmenan MohammedJune 15, 202154

Over the past few decades, financial inclusion has remained among the top global agendas. In 2011, public institutions in 40 countries signed the Maya Declaration of Alliance for Financial Inclusion aimed at broader access to financial services at lower costs. Similarly, the World Bank began publishing comprehensive reports on financial inclusion in 2011. Ethiopia developed “The National Financial Inclusion Strategy” in 2017, containing several targets.

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