From Bad Policy to Chaos in Somalia: How an Economy Fell Apart [Hardcover]

Jamil Mubarak (Author)

Book Description

Publication Date: June 18, 1996 | ISBN-10: 0275954862 | ISBN-13: 978-0275954864

This examination of the economic policies of Somalia since 1970 is empirical in nature, employing political and economic analysis, economic theory, and econometric techniques, and argues that the governmental economic policy, policy responses to crises, and exogenous shocks have been bad for the long-term economic growth of the country. Despite significant foreign financed public investment, economic growth has been weak and real per capita income has declined. The intensifying economic crises contributed to the rapid deterioration of the political situation that led to the collapse of the Somali state in 1991. Since 1991, chaos and more destruction has followed as warlords scrambled for power, resulting in the resource base of the economy being eroded further and the country being reduced to warring clans.

Editorial Reviews

Review

"This book is far more comprehensive than the few other published works on Somalia's economy....[T]he author makes excellent use of extremely skimpy statistical data. He also draws many important lessons from the experience of two and a half decades of grossly mismanaged economic development. Jamil Abdalla Mubarak's book is an important contribution to Somalia's recent economic literature and it also provides some guidelines for future governments to help them to avoid the past errors of policy and avert disastrous crises."-The International Journal of African Historical Studies

Book Description

The developmental strategies, economic policies, and policy responses to exogenous shocks in Somalia since 1970 has led to crises undermining growth and stability.

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Product Details

• Hardcover: 200 pages
• Publisher: Praeger (June 18, 1996)
• Language: English
• ISBN-10: 0275954862
• ISBN-13: 978-0275954864
• Product Dimensions: 9.6 x 6.4 x 0.8 inches
• Shipping Weight: 15.8 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #4,505,766 in Books (See Top 100 in Books)

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