The 'Hidden Hand' behind the Resilience of the Stateless Economy of Somalia

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Periodical article

Title:	The 'Hidden Hand' behind the Resilience of the Stateless Economy of Somalia
Author:	Mubarak, Jamil A.
Year:	1997
Periodical:	World Development
Volume:	25
Issue:	12
Period:	December
Pages:	2027-2041
Language:	English
Geographic term:	Somalia
Subjects:	market economy informal sector market Economics and Trade Politics and Government Development and Technology
External link:	https://doi.org/10.1016/S0305-750X(97)00104-6
Abstract:	This article presents a framework of analysis of economic markets in stateless Somalia. The informal market that sustained private sector activities under the repressive policies of President Siad Barré's government has provided a functioning system to the economy since the collapse of the State following Barré's fall from power in 1991. In small communities that achieved internal law and order, their economy boomed in an unprecedented free-market environment, and the no-government situation has proven to be much better than the government institutions and policies of the Barré period. However, the economic expansion is chaotic and there is a strong new demand for an accountable and effective government that could provide essential public goods for sustainable economic development. Bibliogr., notes, ref., sum.