| OCR Text |
Show 47 2.3.1 Revolutionary Transformation in Ethiopia The first act of policy pronouncement phrase, "Ethiopia Tikidem," which that this catchall too vague to out with more socialism as was the came in February Ethiopia. economic program. It set sector and government was to Beginning All summarized in First." However, This realizing suggest any policy orientation, the Derg state. guidelines policy for the foreign capital was the came proclamation Following this proclamation, statement spelled respective roles of the in the economy, with playa more direct role in the out more a further of policy most the fully Derg's government sector, the clear intention that the economy. in 1975, the government started to nationalize had been nationalized and industrial sector Haile Selassie major economic large-scale industries were by sectors. nationalized and 1982 the state owned 82 percent of the entire (Keller 1988). Considering was also actively involved the fact that the imperial government 10 "revolutionary." However, the pace of nationalization and the fact that made to importantly, it former was a percent of GDP, these owners was suggestive clear indication of the policy of industrialization. of in the economy and that the industrial sector accounted for less than statist vague under state control. By 1977, about two hundred industrial and commercial enterprises was a of 1975 when the government outlined its economic banks, insurance companies, and brought was literally "Ethiopia means guiding ideology of the for socialist private the PMAC clarification. The first clear sign in this direction pronouncement policy phrase by of a measures may revolutionary no not count as compensation overture. military government's intention to More follow a |
