Alemayehu G. Mariam: Ethiopia: The Voodoo Economics of Meles Zenawi

Professor Alemayehu G. MariamThere are lies, lies and implausible lies,” to quote Meles Zenawi, the dictator-cum-economic spinmeister of Ethiopia. Last week, Zenawi told a snickering Parliament a story that is the equivalent of the proverbial bull that gave birth to a calf (or in Amharic “bere welede”): “We will be seeing an economic growth rate of 10.1 percent this year, while inflation will fall to 3.9 percent. This is the result of sound economic policy.” (Sorry, but this is the result of voodoo economics!)

Alemayehu G. Mariam: Ethiopia: The Voodoo Economics of Meles Zenawi

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