Kassa, Wondimnew (2014) Corporatization in Ethiopia: A Move Towards Coping with Globalization and Accession to the WTO. Masters thesis, Addis Ababa University.
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Abstract
The last three decades, facilitated chiefly by the sophisticated transport and communication technology, have markedly exhibited an unprecedented flow of products and capital. This is what is referred as economic globalization. The economic integration process has been pioneered by the international economic organizations (i.e. the IMF, World Bank and the WTO), but in the face of shaking critics. Of course, available empirical evidences also brought to the surface not only the positive results but also the scenarios whereby economic globalization failed to enhance, if not aggravated, the poor living conditions and hampered future development potentials of the poor. So far, the influence of the global South in governance of the international economic order has been very limited so that it has by and large dominated by the rich powers. In fact the share of the South in the global economic operations in terms of cross border trade and investment has also been insignificant. Ethiopia as part of the international community has been undertaking the integration experiment since 1991. It in particular introduced liberal trade and investment reforms. It is also acceding to the rulebased multilateral trading system (i.e. the WTO). Nonetheless, as different econometric studies uncover, its performance in harnessing the non-reciprocal preferential market accesses has been unsatisfactory suggesting the connotation of becoming a WTO member unless it embarks on large scale export-oriented production. Moreover, FDI’s role in narrowing the low level of domestic savings and supplementing investment endeavors has been at a rudimentary level. To the worst, increased FDI inflows and maximum benefits from it demand Ethiopia to reach a level of development by its own effort. Precisely, it is involuntary for Ethiopia to marshal export-oriented production and total factor productivity should it cope with economic globalization and accession to the WTO. If the question turns out to be how to channel the scarce material and human resources to meaningful businesses, it is argued in this thesis that Ethiopia should promote corporate businesses than ever. Despite the low level of contributions of the modern private sector to Ethiopia’s economy and the immature culture of incorporation could restrain development of such ventures in the short-run, it has become certain that to promote internationally competitive firms in corporate lines, the government of Ethiopia should undertake some essential legal and institutional reforms.
| Item Type: | Thesis (Masters) |
|---|---|
| Subjects: | K Law > K Law (General) |
| Divisions: | Africana |
| Depositing User: | Kabiru Wallace Ndung'u |
| Date Deposited: | 04 Jul 2019 10:03 |
| Last Modified: | 04 Jul 2019 10:03 |
| URI: | http://thesisbank.jhia.ac.ke/id/eprint/9371 |
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