Is Ethiopia in a low productivity trap?

Ken Ohashi, the World Bank’s Country Director for Ethiopia and Sudan… Several things seem to create complex dynamics that favor certain types of firms regardless of their productivity.  First, access to finance is driven in large part by government policy or collateral… Fifth, the existence of “endowment companies” hinders open and fair competition.  Sixth, there are regulatory barriers to entry for a substantial number of economic activities. Read More…