Economy
Experts Urge Stronger Legal Frameworks as Ethiopia's Economy Opens
The Reporter (Amharic) · 6 days ago · Read the Full Story on The Reporter (Amharic)
AI SUMMARY
Experts emphasize the need to establish robust institutions and legal frameworks to regulate incoming foreign investments as Ethiopia opens its economy.
- The Ethiopian Economics Association hosted a discussion forum on September 18, 2019, regarding lessons from Poland's economic model.
- Abule Mehary noted that the country must evaluate competitive sectors and ensure proper legal frameworks are in place for incoming foreign banks.
- Ethiopia can learn from nations like Poland that successfully opened their economies, as well as from African countries that faced crises.
- Institutions must be modernized to manage newly opened economic sectors, and human capital should be developed to meet private sector needs.
- Professor Marcin Piątkowski highlighted that Poland's growth resulted from expanding education, boosting foreign direct investment, building institutions, and growing manufacturing.
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