Ethiopia in the World Economy: Trade, Private Capital Flows, and Migration

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Periodical article

Title:	Ethiopia in the World Economy: Trade, Private Capital Flows, and Migration
Author:	Reinert, Kenneth A.
Year:	2007
Periodical:	Africa Today
Volume:	53
Issue:	3
Pages:	65-89
Language:	English
Geographic term:	Ethiopia
Subjects:	global economy poverty international trade capital movements international migration Urbanization and Migration Economics and Trade international relations
External link:	http://muse.jhu.edu/journals/africa_today/v053/53.3reinert.pdf
Abstract:	Economic globalization can be evaluated with reference to at least three dimensions: trade, private capital flows, and migration. For each of these dimensions, pathways through which economic globalization can alleviate or contribute to poverty can be identified. This paper makes a preliminary examination of globalization and poverty in Ethiopia, one of the world's poorest countries. Ethiopia's integration with the world economy has specific features: Ethiopia is highly dependent on the exports of a few goods, imports many armaments, is largely excluded from global foreign direct investment flows, benefits from large inflows of remittances, and derives few benefits from the evolving global regime of intellectual property. Despite a number of negative trends with regard to globalization and poverty, there is room for small-win policies that would enhance the role of globalization in supporting poverty alleviation. Bibliogr., notes, ref., sum. [Journal abstract]