Country project Term Paper Example | Topics and Well Written Essays - 1750 words

Country project - Term Paper Example Further, its poor political dynasty with dominant interest groups and shifting policies to cater for the politically dominant interest groups is reflected on investor’s behavior. At microeconomic level, investors portray a pervasive conduct on both exogenous and policy generated economic risks in relation to income and property. The political-economic has multiple structural vulnerabilities and weakness in their governance (Praeg 86). From time immemorial, Ethiopian economy is controlled by elite kings, usually described as slavery in modern world (Clarke 97-101). Private ownership of lands had never been heard of until 1970’s, with inequitable land holdings of the country under the slogan, ‘Land to The Tiller† where the state ended up owning lands itself instead of giving it to the people. Though the state controls land ownership, rural peasants and pastoralists are guaranteed a lifetime of â€Å"holding right†, while urban residents are guaranteed the right to get land for residence for 99 years lease based; these rights gives all rights to the people of Ethiopia except sale and mortgage right. However, from 1974 during the fall of emperor Hailesilassie, land remained public property despite earlier socialist oriented military government to make land property of the people and not the state. At the moment, Ethiopian economic growth is estimated to remain strong in year 2015 under the Growth and Transformation Plan. This plan aims at boosting agriculture as the heart of the country economic growth, promoting industrial development and aiding development of quality infrastructure. However, corruption is a key issue in Ethiopia. Historical background of economic policies reflects centuries of internal conflicts and external threats. Internally, varying customs, religions, and ethnicity served as focal points in the contest for power and control of economic resources (Adejumobi 187). Externally, regardless the fact that the country has