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Show 42 2.2.2 Economic Development Strategies Once he consolidated his enrich his imperial treasury. relation to potential economy. He been, contingent was resources to were taken when his Year plans covered the on sought well as aware power, Haile Selassie's next to bolster the as external absolutist ability regime introduced economic introduced, the first period of which 1957 to 1974. A fourth was plan into being money always in this had regard Three Five Ethiopia. put in action in a of autonomous policy attempts planning was it as to mobilize various forms to of the state in position that the survival of the absolutist state, the monarch's move was challengers by developing the needs of the state. The first serious serve were internal keenly was He imperial 1957.21 These plans finalized when events in 1974 changed the political landscape. The First Five-Year required physical plan (1958-1962) and social infrastructure for investment targets, and the attained: the actual rate of goal was 3.2 percent. policy from structure of the economy from a sought to achieve a growth 21 22 growth infra structural rate development plan was see nearly (1963-1967)22 to subsistence economy to changing an to build on the although Jammo this was highly plan extending to the ambitious early a 4.6 successes (1995). the first stage of a twenty-year perspective the industrial percent annual growth in GDP, and registered of 6 percent in GDP, plans, down the was Plan, and improve the living standards of the population. It targeted For fuller discussion of these This laying The Second Five-Year Plan percent growth. The Third Five-Year Plan (1967-74) sought the Second to It achieved most of its 3.7 percent annual a predominately 4.3 primarily devoted subsequent plans. achieving shifted the focus of development economy. It was 1980s. an of annual given the |
