Reaching as low as 78 dollars a barrel, the price
of oil has hit five year low on the international market. Ironically, thanks to
the EPRDFites appetite for command-and-control economic policies, oil price in
Ethiopia has been to the contrary. Local consumers of the commodity have not
benefited from the reduced price. Had the government allowed free enterprise to
reign in and let it moderate itself, domestic consumption would have increased,
helping create robust private sector and productive domestic economy. Reads Addis Fortune's editorial for this week. Follow the link for the full editorial.
Nov 10, 2014
The Administration Ought to Walk Its Talk
Reaching as low as 78 dollars a barrel, the price
of oil has hit five year low on the international market. Ironically, thanks to
the EPRDFites appetite for command-and-control economic policies, oil price in
Ethiopia has been to the contrary. Local consumers of the commodity have not
benefited from the reduced price. Had the government allowed free enterprise to
reign in and let it moderate itself, domestic consumption would have increased,
helping create robust private sector and productive domestic economy. Reads Addis Fortune's editorial for this week. Follow the link for the full editorial.
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