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Tag: Trade

Why Can’t We All Just Get Along?

Why can’t we all just get along? Specifically, why is it that Eritrea and Ethiopia cannot get along? After all it would seem to the casual observer that Eritreans and Ethiopians are roughly similar. They share similar GDP’s per capita, religious balances, and are even geographically connected by a 1,000 km boundary. Some even go so far as to say they share history! Well this isn’t entirely honest.

What Does Ethiopia’s Currency Devaluation Mean?

What does Ethiopia’s currency devaluation1 mean? In the short term it certainly means that every Ethiopian (at least those that hold their savings in Birr) is about to become poorer. Of course, in real terms the change will be minimal because of the large population that relies already on free handouts. This change will of course affect disproportionately the middle income and rich residents as they will have to pay more for their imported goods (given that they are already not paying for these goods in a foreign currency).

  1. Ethiopian Central Bank Says Devaluation to Boost Exports, Domestic Output 

Parachute Journalism

For the most part, the Financial Times has practiced excellent journalism, particularly for a UK brand. A series of articles this week, by Barney Jopson however, have shown that the struggles and travails of the news industry might be creating cracks in an otherwise impeccable facade.

After spending less than a week in the Eritrean capital Asmara, Barney Jopson published his first article for the Financial Times from the capital (Eritrea readies first goldmine). Although the author seemingly parrots much of what is written in the popular media about Eritrea he reveals what seems to be interesting information. Granted, most of the information is not new, particularly the resource volume in Eritrea (quite clear if you review the public filings of the mining companies operating in Eritrea) however, a comment is made, seemingly off-the-cuff which is grossly inaccurate.

Four Ways to Really Help Africa

Africans and their continent are no different than any other. Eritrea, a country in the northeast of Africa, has been vociferous in its message to the world that what Africa needs is to be partners not clients. To that end Eritrea has engaged in a policy much like the United States has reoriented itself to; a focus on security from international threats, particularly transnational terrorism and occupation of its towns, and human development, in terms of broad-based economic growth and provision of social services.